When you take a loan, it’s important that you understand the terms and conditions and applicable fees, and charges on it. This makes the loan agreement (a record of all the elements related to your loan) one of the most critical documents in your possession.
This is true for microfinance group loans as well. Bajaj Finance offers microfinance group loans to women applicants from low-income households to meet their financial requirements. Let us learn more about the agreement for these loans.
What is a microfinance group loan agreement?
It’s a legal document that outlines the terms and conditions of a loan. This includes the amount borrowed, the interest rate, fees and charges, and other relevant details. The agreement also specifies the terms and conditions to which both you and the lender must adhere throughout the loan's tenure. It provides clarity to both you and the lender regarding your obligations, repayment schedules, interest rates, and any associated fees or penalties. This clarity helps prevent misunderstandings or disputes, fostering a clear understanding of each party's responsibilities.
How to download a loan agreement for your ongoing microfinance group loan
Bajaj Finance extends digital services for all the microfinance group loan customers on the customer portal. You can download your loan agreement by following these simple steps.
- Click on the ‘Sign-in’ button on this page to go to our customer portal.
- Enter your registered mobile number and the OTP to sign-in.
- Verify your details by entering your date of birth and proceed.
- Select the loan account from the ‘Document Centre’ section.
- Click on ‘Loan Agreement’ to download it.
It’s really that simple.
Sign-in to our customer portal to get stared
You can also download your other microfinance group loan documents by visiting the ‘Document Centre’ section.
Alternatively, you can get the Bajaj Finserv app and get your loan agreement on the go. Visit the Play Store or the App Store and download our app today.
