How to Change Your EMI Due Date for Loan Against Securities

Changing your EMI due date means moving the scheduled day on which your monthly instalment becomes payable or is deducted. This can help align your repayment schedule with your regular income cycle and make it easier to plan funds for the EMI. The change does not by itself alter the EMI amount or loan tenure. It only shifts the scheduled payment date, subject to your loan terms and approval. Depending on the revised date and repayment arrangement, your NACH mandate or other payment instruction may also need to be updated. This request is different from loan restructuring, where repayment terms such as the EMI amount or tenure may be revised. Before requesting a due date change, check the applicable eligibility, processing requirements, and effective date. Until the revised date is formally confirmed, continue to follow your existing repayment schedule.

Why change the EMI due date for a Loan Against Securities?

Changing your EMI due date can help you align your repayment schedule with your regular income and improve your monthly repayment planning. This may be useful when your salary, business receipts, or other regular cash inflows follow a different cycle from your existing EMI date.

• Better cash flow planning: Choose a repayment date that aligns more closely with your regular income cycle.
• Reduced risk of missed payments: Having funds available around the EMI date can help reduce the possibility of payment delays.
• Easier repayment management: A suitable due date makes it simple to plan your monthly expenses alongside the scheduled EMI.
• Support after an income-cycle change: A revised date may be useful if your salary or regular income is now received on a different date.
• Continued monitoring: Until the revised date is formally confirmed, continue following your existing repayment schedule and maintain sufficient funds for the applicable EMI.

Changing the EMI due date does not remove your repayment obligation or automatically resolve existing overdue dues. For a Loan Against Securities, continue monitoring your repayment account and any requirements relating to the pledged securities, including applicable margin requirements, as specified under your loan terms.

You can request an EMI due date change through the applicable Bajaj Finance service channels, subject to the options and eligibility available for your loan account. The reference page indicates that a formal request may be required and that the lender's applicable conditions determine whether the change can be processed.

Follow these steps to check the available service options:

1. Open the Bajaj Finance App or visit the Customer Portal.
2. Sign in using your registered mobile number and OTP.
3. Go to Service or My Relations.
4. Select your Loan Against Securities account.
5. Check the available loan servicing options for changing the EMI due date.
6. Review the eligibility requirements, applicable terms, and any charges displayed for your account.
7. Submit the request along with any required information or documents.
8. Retain the request reference or confirmation for future reference.
9. Check your loan account after the request is processed to confirm the revised EMI due date.

The exact service options and request process can vary by loan account. Do not assume that submitting a request means the due date has already changed. Continue following the existing repayment schedule until the revised date is formally confirmed.

What should you check before changing your EMI due date?

Check your repayment status, applicable loan terms, and payment arrangements before requesting a change in your EMI due date. This helps you understand whether the request can be made and prevents confusion about which date applies while the request is being processed.

Before submitting the request, check:

• Existing overdue dues: Review whether any EMI or other applicable amount remains unpaid.
• Loan eligibility: Confirm that the due date change option is available for your loan account.
• New repayment date: Choose a date that aligns with your regular income or cash flow.
• Payment mandate: Check whether your NACH or other repayment mandate is updated.
• Processing requirements: Review any documents, confirmations, or applicable charges displayed for your account.
• Effective date: Confirm when the revised EMI date will actually apply.
• First revised EMI: Monitor the first repayment after the change to ensure it is processed correctly.

After submitting the request, continue to follow your existing repayment schedule until the revised date is formally confirmed. Check your loan account once the request is processed and ensure that the updated due date and payment arrangement are correctly reflected.

What can affect approval of your request?

The approval and effective date of an EMI due date change can depend on your loan account, repayment status, payment mandate, and applicable terms. Reviewing these factors before submitting the request can help you understand whether additional steps or a revised repayment arrangement may be required.

Once your request is reviewed, the applicable process and effective EMI due date will be communicated for your loan account. Until the change is confirmed, continue to follow the existing repayment schedule and address any overdue amount separately, where applicable.