Manage your loan payments

Once your loan is transferred to you, your monthly instalments are auto-deducted from your bank account on a pre-set date. This date is usually the second day of the following month.

Your NACH (National Automated Clearing House) mandate enables auto-payments directly from your bank account. You don’t need to initiate any other payments once your loan has been booked.

However, if you would like to make any additional payments, you can do so easily in the service portal.

Advance EMIs, part-prepayments, and overdue EMIs

If you wish to pay your upcoming EMI before its due date, you can use the advance EMI facility. A single advance EMI automatically adjusts your instalment amount for the next month. This means that your upcoming instalment won’t be debited from your bank account on your next EMI due date.

If you have surplus funds, you can pay back a part of your outstanding loan amount using the part-prepayment facility. This in turn impacts your loan tenure or EMIs and helps you save on the interest you end up paying against your loan.

In fact, you can also clear your overdue EMIs easily. If you miss your EMI payment because of a low account balance, or a technical error, you can pay the bounced EMI through this facility. However, please remember bounce charges are charged by the respective banks and not by Bajaj.

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  Make your loan payments in your account

  You can manage your loan repayment by visiting our customer portal
  

  • Sign-in with your mobile number and the OTP
    
  • Verify your details with your date of birth and proceed
  • Go to ‘Pay EMIs’ and Choose the type of payment
  • Select the loan account number for which you want to make the payment
    
  • Enter the amount and, if applicable, review the additional charges
    
  • Click on ‘Proceed’ to complete the payment via our secure payment gateway
    

  
  You can also manage your loan EMIs by clicking on the ‘Pay your loan EMIs’ text below. You’ll be asked to sign-in to your account. You can then select the payment, choose your loan account and proceed to pay.
  

  Pay your loan EMIs

Loan repayment is one of the most critical factors in managing your loan account. It is important to track your loan repayment to ensure that you have not missed any EMIs, as this might adversely impact your CIBIL Score.

Usually, you repay your loan in small instalments every month that gets automatically deducted from your bank account on their due dates.

However, our service portal, offers you multiple payment options such as overdue payment, advance EMI payment, and part-prepayment. Using these online loan payment options have lot of benefits. It reduces the hassles of branch visits. You can make payments online with our secured payment getaway. Using these options also help you in repaying your loan faster and avoiding risk of missing EMIs.