Alternatives to loan settlement
Before proceeding with a loan settlement, it’s critical to investigate other options for relieving financial stress without resorting to a settlement.
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Before the borrower choose to go ahead with a loan settlement, it’s critical to evaluate other options as well. Since loan settlement has a negative impact on the creditworthiness, therefore it is important to explore other options.
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Frequently asked questions
The cooling-off/look-up period is a designated timeframe during which borrowers can opt out of digital personal loans without any penalty for prepayment. You get a cooling off/look-up period of 3 working days from the disbursement date on your PL EMI Card loan. You shall pay the principal and the proportionate Annual Percentage Rate (APR) in this period. To cancel your loan, please raise-a-request with us during the cooling-off period.
Please note that post cooling-off period, foreclosure and pre-payment charges will apply.
Yes, a convenience fee applies to all consumer loans through the Bajaj Finserv EMI Network card.
This convenience fee will be a part of the first EMI of your consumer loan. You must pay no upfront amount at the dealers/merchant store against the convenience fee.
A bounce charge would be charged only if your bank returns the EMI presented against your account.
