Buying a used car is difficult but financing it’s easy with Bajaj Finserv Used Car Loan. With features such as quick disbursal and minimal paperwork, funding your second-hand car purchase is convenient. That’s not all, Bajaj Finance also simplifies the process of managing your ongoing used car loan account.
We offer a host of self-service options such as document download, loan payments, bank account updates and more. You can explore these DIY (do it yourself) services by visiting our customer portal – My Account.
When you borrow a used car loan from us, as part of the application process, you share your bank account details. This process is called mandate registration. Your registered bank account is used to deduct your monthly instalments on its due date. In case there is any change in your existing bank account, you have to update the same in our records.
Our customer portal – My Account offers an easy online process to manage your bank account details. You can follow these simple steps to update your bank account details.
- Click on the ‘Sign-in’ button on this page to go to our customer portal – My Account.
- 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 for which you want to update your bank account details.
- Enter the new bank account details, IFSC, and more.
- Choose the registration mode and proceed.
You can also download the Bajaj Finserv app from the Play Store or the App Store and update your bank account details easily.
It is important to keep your bank account details updated so that you don’t miss out on any monthly instalments. Keeping your bank account prevents EMI bounces, avoids additional penal charges, and safeguards your CIBIL Score from any negative repercussions.
