Clear your overdue EMI
Clear your overdue EMI today – stop penalties & fix your credit
*Overdue charges include penalty interest and bounce fees as applicable. T&C apply.
In Summary
An overdue auto loan EMI does not put your vehicle at risk on its own, but leaving it unresolved can, so check your account and pay through an official channel as soon as you notice a missed payment.
- Check the actual screen, not a general description. Sign in to My Account or the Bajaj Finance App and go to Missed Instalments/Other Overdues to see the exact amount payable
- Verify before you pay. Compare the amount with your loan records, and pay only through My Account, the app or another official channel, never to a personal account or a link in a message
- A single missed EMI is not repossession. That only follows continued non-payment and the applicable notice process, so address an overdue amount early rather than waiting to see what happens
- Paying stops further charges but does not erase the record. An earlier delay can remain in your credit history even after you clear the amount
If your auto loan EMI is overdue, check the exact amount in My Account or the Bajaj Finance App and pay through an authorised channel today, and contact Bajaj Finance directly if you cannot clear it in full.
What are overdue payments on an auto loan?
An auto loan payment becomes overdue when the scheduled EMI is not received by the applicable due date. The pending amount remains payable until it is cleared according to the applicable loan terms. Reviewing your loan account helps you understand the current payment status, outstanding amount, and available repayment details. Keeping track of your repayment schedule and payment records helps you stay informed about your loan position and take timely action towards clearing pending dues.
What should you check before clearing an overdue amount?
Before making a payment, review your loan account to understand the pending amount and repayment details:
- Outstanding amount: The total amount currently payable, including any applicable charges
- Payment status: Pending EMI details and available repayment information
- Loan account details: Confirmation that you are reviewing the correct auto loan account
- Transaction records: Previous payment confirmations, kept for reference
Reviewing these details helps you understand your overdue status before you proceed with payment.
How to clear overdue payments for your auto loan
You can clear overdue auto loan payments through My Account or the Bajaj Finance App.
Through My Account
- Sign in using your registered mobile number and OTP, and verify your details where asked
- Go to Service and select your auto loan under Your Relations
- Select Make Loan Payments, then choose Missed Instalments/Other Overdues
- Review the amount payable, including any charges, and complete the payment using an available method
- Save the payment confirmation
Through the Bajaj Finance App
- Sign in using your registered mobile number and OTP
- Select your auto loan account from My Relations
- Choose the overdue payment option and review the amount payable
- Complete the payment using an available method
- Save the payment confirmation
Pay only through My Account, the Bajaj Finance App or another official channel, never to a personal account or a link received in a message. After completing the payment, review your loan account to confirm the updated status.
What happens if auto loan payments remain overdue?
When auto loan payments remain overdue, the unpaid amount continues to be due and may attract applicable charges according to the loan terms. Continued non-payment can also affect your credit history and may lead to further communication or account action.
| Consequence | What it means for the borrower |
|---|---|
| Overdue amount remains payable | The missed EMI continues to remain due until the required payment is received and accounted for |
| Applicable charges may apply | Late payment, penal or bounce charges may apply where provided under the applicable loan terms |
| Credit history may be affected | Continued repayment delays may be reported to credit information companies as applicable, which can affect your credit history |
| Further communication may follow | Continued non-payment may result in further repayment-related communication or account action in accordance with applicable requirements |
| Higher amount may need to be cleared | If applicable charges accrue while the account remains overdue, the amount required to regularise the account may increase |
| Repayment history remains relevant | Paying the overdue amount addresses the outstanding dues but does not automatically remove repayment information that may have already been reported |
Since your auto loan is secured against the vehicle, continued non-payment can also lead to recovery action concerning the vehicle, following the applicable notice and process. A single missed EMI does not by itself result in this, but an overdue amount left unresolved for longer increases the risk.
What should you do if you cannot clear overdue payments immediately?
If you cannot clear the overdue amount right away, take these steps rather than letting it remain unresolved:
- Check your loan account: Understand the exact pending amount and repayment status
- Review any communication received: Do not ignore repayment reminders or notices
- Contact the lender: Ask whether a repayment arrangement is available for your account
- Do not assume approval: A revised arrangement applies only once the lender confirms it in writing
- Continue scheduled payments: Keep paying according to your existing schedule until then
- Keep records: Save payment confirmations and communication for future reference
Staying informed about your loan status and addressing pending dues promptly, even with a partial payment where possible, can help you manage your repayment obligations and reduce the risk of further action.
Related Auto Loan Repayment and Account Management Guides
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Frequently Asked Questions
Auto Loan Overdue Basics
Clearing Overdue & Account Recovery
How can you check the pending amount on an overdue auto loan?
Sign in to My Account or the Bajaj Finance App using your registered mobile number and OTP, select your auto loan, and check the Missed Instalments/Other Overdues section. This shows the exact amount currently payable, including any applicable charges, before you make a payment.
What happens after you clear overdue auto loan payments?
The payment is recorded in your loan account once processed. Check your account afterwards to confirm the updated status and outstanding balance, and keep the payment confirmation safely. If the overdue status does not clear after reasonable time, raise a service request with the transaction details.
What records should you keep after clearing overdue auto loan dues?
Keep the payment confirmation, transaction reference, date and amount paid, and your updated loan statement. These records help you verify the payment was applied correctly and support a query if the account status or any charge later looks incorrect.
How can missed EMI payments affect your auto loan account?
A missed EMI remains payable and may attract applicable charges under your loan terms. It can also be reported to credit information companies, affecting your credit history. Review your loan account regularly and clear any pending amount promptly to limit further consequences.
What should you do after receiving an overdue payment reminder?
Verify the reminder against your loan account and payment records before acting. Check the loan number, amount and due date match, then pay through My Account or the app if it is genuinely due. Contact the lender through an official channel if anything looks incorrect.
How can you avoid overdue payments on an auto loan?
Track your EMI due date, keep sufficient funds in your linked account, and confirm your NACH mandate is active. Set a reminder ahead of each due date, and check your loan account shortly after each scheduled payment to confirm it was collected successfully.
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