SK Finance Limited is a Middle Layer Non-Banking Finance Company registered with the Reserve Bank of India. Established in 1994 and headquartered in Jaipur, it has expanded to 675+ branches across multiple states, serving rural and semi-urban customers with vehicle and business-focused lending solutions. These include commercial vehicle, car, used car, two-wheeler, tractor, and secured SME loans. It does not offer unsecured personal loans.

For borrowers, managing SK Finance loan repayments is simple with SK Finance loan payment options available online. Through Bajaj Pay on Bajaj Finserv, users can pay EMIs securely using BBPS, a framework introduced by RBI. This platform supports multiple payment options and provides instant confirmation via SMS and email, helping users track and manage their repayments efficiently.

Benefits of Paying SK Finance Loan EMI via Bajaj Pay BBPS

Some of the benefits of making SK Finance loan repayment on the Bajaj Finance BBPS platform include:   

• Quick and hassle-free: complete SK Finance loan payment in under 60 seconds.
• Safe and secure: BBPS-regulated platform with RBI-defined payment-protection standards.
• Multiple payment options: UPI, debit / credit card, net banking, Bajaj Pay Wallet.
• Instant confirmation: real-time SMS + email receipt after every successful payment.
• One-stop repayment hub: pay 30+ banks and NBFCs from a single Bajaj Pay account.

How to calculate your SK Finance loan EMI

Your SK Finance loan EMI is based on three main factors: the loan amount (principal), the annual interest rate, and the repayment tenure in months. The standard formula used is:
EMI = [P × R × (1+R)^N] / [(1+R)^N − 1]

Here, R is the monthly interest rate (annual rate ÷ 12 ÷ 100) and N is the total tenure in months. For SK finance, repayment tenures usually range from 12 to 60 months for cars and two-wheelers, up to 84 months for commercial vehicles, and up to 60 months for secured SME loans. The exact tenure depends on the loan type and borrower profile.

Steps to estimate your EMI

1. Check your loan details such as amount, interest rate, and tenure from your SK Finance loan agreement or welcome letter.
2. Use the official customer portal (skfin.in) or any standard EMI calculator to get an estimate.
3. Review the repayment structure, where initial EMIs have a higher interest portion, while the principal repayment increases over time.
4. For accurate figures, including fees or add-ons, contact your nearest branch or official support channel for SK Finance loan payment details.

Steps for loan repayment through Bajaj Finance platforms

On the Bajaj Finance app

1. Download the Bajaj Finance app from the Google Play Store or App Store and install it on your device  
2. Open the app, log in, or register if you are a new user  
3. Scroll down to the ‘Bills and recharges’ section and click on 'Loan Repayment’
4. Search and select your loan provider
5. Fill the required details
6. Click on ‘FETCH YOUR BILL’
7. Your bill amount appears, select ‘PROCEED TO PAY’
8. Choose your preferred payment option and click on ‘PAY NOW’
9. Once you have completed the transaction, you will get notified that the payment was successful

On the Bajaj Finance website

1. Go to the Bajaj Finance website
2. Scroll down to the ‘Bills and recharges’ section and click on 'Loan Repayment’
3. Enter your mobile number and login with an OTP
4. Search and select your loan provider
5. Fill the required details
6. Click on ‘FETCH YOUR BILL’
7. Your bill amount appears, select ‘PROCEED TO PAY’
8. Choose your preferred payment option and click on ‘PAY NOW’
9. Once you have completed the transaction, you will get notified that the payment was successful

Where to find your SK Finance loan account number

To complete SK Finance loan payment, you will need your loan account number. You can easily find it in the following places:

1. Loan welcome or sanction letter – Shared at the time of loan approval, this document clearly mentions your SK Finance loan account number.
2. Loan agreement document – Typically printed on the front page, often at the top-right corner.
3. EMI debit SMS alerts – Messages sent after each successful payment usually include the account reference number.
4. SK Finance customer portal (skfin.in) – Log in and go to “My Loans” to view your active loan details.

Note: The exact format and length of the loan account number may vary. It is recommended to verify the current format with SK Finance before publishing or use.

Download Your SK Finance Loan Payment Receipt & Statement

For every successful sk finance loan payment made through Bajaj Pay, a receipt is automatically generated. You can access it by going to the app, navigating to Order History, and selecting the option to /payment-receipt in PDF format. This serves as proof of your SK Finance online payment.

For a detailed loan statement or full payment history, you need to log in to the SK Finance customer portal at skfin.in or contact your registered branch. Since SK Finance is the lender, it maintains the official loan records, while Bajaj Pay provides only transaction receipts.

SK Finance loan support and escalation path

If you face issues related to SK Finance loan payment, it is important to follow the correct resolution path based on the type of query. Since payments made via Bajaj Pay and loan servicing by SK Finance are handled by different entities, using the right support channel helps resolve concerns faster. The escalation matrix below outlines where to raise your issue at each stage.

This structured approach ensures that both payment-related and loan-related concerns are addressed through the appropriate authority.

Pay loans of other banks and NBFCs on Bajaj Pay

Apart from SK Finance loan repayment, you can pay EMI for other loan providers across India, such as:

Making SK Finance loan repayment on the Bajaj Finserv app is a very easy process. Follow these simple steps to make your payment online:

1. Download and install the Bajaj Finserv app from Google Play Store or App Store
2. Login with your credentials
3. Go to ‘BILLS AND RECHARGES'
4. Select ‘LOAN REPAYMENT' under the ‘FINANCIAL SERVICES AND TAXES’ section
5. Select ‘SK FINANCE’ as the issuing bank and enter your Loan Agreement Number
6. Enter the loan amount and select your preferred payment mode
7. Make the payment to repay your loan

Once you have completed the payment, you will receive an e-receipt, which you can keep for future reference.

Steps to make SK Finance loan repayment on the Bajaj Finserv website

Here is how you can repay SK Finance loan online on the Bajaj Finserv website:

1. Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
2. Go to the ‘BILLS AND RECHARGES’ under the ‘PAYMENTS’ section
3. Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LOAN REPAYMENT’
4. Choose your biller from the drop-down
5. Enter your loan account number and click on ‘FETCH YOUR BILL’
6. Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
7. After choosing your preferred payment mode, enter the requested payment details
8. Check the details you entered and click on 'PAY NOW’

You will receive a notification from Bajaj Finserv after successful payment.