Application Terms and Condition

1. Please note that based on the settlement offered for your loan, it will be treated as a stressed asset and same shall be updated in credit bureau record as a Non-Performing Asset (NPA). As per RBI guidelines, every month Bajaj Finance Ltd. updates the credit bureaus with latest loan account status.

2. Please note that any legal action already initiated by Bajaj Finance Ltd. will continue till closure of the loan

3. Any legal proceedings, claims and demands initiated by you or on your behalf against Bajaj Finance Ltd. and/ or its employees, officials and representatives pertaining to this loan shall be withdrawn unconditionally with immediate effect from the date of acceptance of this offer.

4. In case you do not comply terms and conditions of Settlement post partial payment of settlement amount, then the amount paid by you under settlement shall not be refunded or returned to you, it will be appropriated towards outstanding dues of your loan at the discretion of Bajaj Finance Ltd.    

5. The regular EMI presentation, levy of applicable interest and penal charges shall continue to be debited in your loan account.