What is an annual maintenance charge (AMC)?

An annual maintenance charge (AMC) is a nominal fee charged as per the terms and conditions mentioned in your loan agreement.
These charges are levied every year to keep your Flexi Loan account active and provide you with additional services such as:

  • Multiple withdrawals from your available loan limit.
  • Part-prepayment of your loan when you want without paying any additional charges.

When and how can I pay the annual maintenance charges?

The annual maintenance charges (AMC) for the Flexi Loan account are to be paid as per the rates prescribed in your loan agreement. With effect from April ’23, the AMC will be adjusted from your utilised Flexi Loan limit.

However, for the convenience of the customers, the Flexi Loan limit will be increased as much as the AMC to allow them to withdraw the maximum amount as per their sanction.

If your Flexi Loan limit isn’t available, Bajaj Finance Limited will recover the dues from your registered bank account through ECS or NACH facility, as the case may be.

Steps to pay Flexi Loan annual maintenance charge (AMC)

For the convenience of customers, AMC will be adjusted from the unutilised Flexi Loan limit with effect from April 2023. To ensure that, you can still make the most out of your total sanction, it will be increased according to the AMC. In the absence of funds in your available Flexi Loan limit, Bajaj Finance will recover dues from your registered bank account through NACH facility, as the case may be.

In case you have overdue annual maintenance charges you can pay it online by clicking here.

Alternatively, you can also clear your overdue annual maintenance charges by visiting our customer portal – My Account.

  1. 1 Sign-in to our customer portal with your mobile number and the OTP.
  2. 2 Verify your details by entering your date of birth and proceed.
  3. 3 Select your Flexi Loan account from the ‘My Relations’ section.
  4. 4 Click on the ‘Make Payments’ option within ‘Quick Actions’.
  5. 5 Select 'Overdue or missed EMI' from the list of options and proceed.
  6. 6 Enter the amount and review the penal charges if any and proceed to pay.
  7. 7 Choose a relevant payment mode and use our secured payment getaway to clear your dues.

You can also pay annual maintenance charges through our app. Click on the App Store or the Play Store to download our app.

Frequently asked questions

What is the annual maintenance charge (AMC)?

An annual maintenance charge (AMC) is a nominal fee that we levy every year to keep your account active and provide you with these services.

  • Part-prepayment of your loan as many as times as you can without paying anything extra.
  • Multiple withdrawals from your available loan limit

You can refer to your loan agreement to know the complete list of fees and charges.

When do I need to pay my annual maintenance charges (AMC)?

You need to pay the annual maintenance charge every year on the anniversary month as per the T&C mentioned in your agreement.