Track your loan repayment with a statement of account

Check the statement of account for all your loan-related transactions. Visit our customer portal – My Account to download.
Track your loan repayment with a statement of account
5 min read
1 June 2023

Bajaj Finance customer portal offers you easy access to all the documents related to your ongoing loan. A statement of account (SOA) is one of the most important documents. It comes in handy to manage the repayment of your ongoing loan – whether secured or unsecured.

What is a loan account statement?

Your statement of account is a detailed summary of all the transactions related to your loan account. It includes details like loan amount, tenure, total EMIs paid, related fees and charges, part-prepayment details and more.

Every time your loan EMI is debited from your bank account, or you make any additional payment, your loan account statement gets updated. This document helps you to stay updated with all your loan-related transactions and report if there’s any error.

Things you can track with your statement of account

  • Check loan details such as loan amount, rate of interest, loan disbursal date, tenure, outstanding loan amount and more.
  • Find the details of the number of EMIs paid. You can also check the interest and principal components of your EMI.
  • Track details of your part-prepayment or advance EMI payment.
  • View applicable charges such as processing fees, annual maintenance fees, or more.

If you have an ongoing loan with Bajaj Finance, loan statement can be easily downloaded by visiting the customer portal.

Our digital customer portal has a dedicated ‘Document Centre’ section that provides easy access to all loan-related documents. This online process reduces the hassles of branch visits. You can download the loan account statement and related documents such as repayment schedule, loan agreement and more.

Follow these simple steps to download your loan statement and other documents:

  • Click on the ‘Sign-in’ option given below to visit Bajaj Finance customer portal.
  • Enter your registered mobile number and an OTP to sign-in.
  • Verify your details with your date of birth and proceed.
  • Select the loan account from ‘Document Centre’.
  • Find all your documents and click on ‘Statement of Account’ to download it.

Sign-in

Our customer portal also offers self-service options like making payments, updating mandate, checking pre-approved offers and more.

What is loan repayment schedule?

A loan repayment schedule is a structured plan that outlines the repayment process of a loan over its tenure. It details the specific amounts of principal and interest that need to be paid in each instalment, ensuring the borrower knows exactly how much they owe and when. Typically presented as a table or chart, the schedule includes each instalment's due date, the payment amount, and the balance remaining after each payment.

The schedule is often created based on the loan's terms, including the interest rate, tenure, and repayment frequency. For fixed-rate loans, the amount paid each month remains consistent, while for variable-rate loans, the payment may fluctuate based on interest rate changes.

A key aspect of the loan repayment schedule is the amortisation process. This process divides each payment into two parts: one portion goes towards reducing the loan's principal, while the other covers the interest. Over time, a greater portion of each payment is applied to the principal as the interest charges decrease.

The repayment schedule offers transparency, allowing borrowers to plan their finances more effectively and avoid late payments, which could lead to penalties or additional interest. It also assists in understanding the total cost of the loan and how making extra payments or early repayments could reduce interest costs, thereby shortening the loan tenure. This schedule is crucial for personal loans, mortgages, and other long-term credit facilities.

How to Download Loan Repayment Schedule?

Downloading your loan repayment schedule with Bajaj Finserv is a simple and efficient process, ensuring that you stay on top of your repayment plan. The schedule helps you track your EMIs (Equated Monthly Instalments), principal, interest, and outstanding loan balance throughout the tenure. Here’s how you can easily access and download it:

  1. Log into the Bajaj Finserv Customer Portal
    Start by visiting the Bajaj Finserv customer portal or using the Bajaj Finserv app. You will need to log in with your registered mobile number, email ID, or customer ID. Once logged in, enter the One-Time Password (OTP) sent to your mobile number for verification.
  2. Navigate to Loan Details
    After successful login, head to the 'My Relations' section where all your active loans are listed. Select the specific loan for which you want to download the repayment schedule.
  3. Access the Repayment Schedule
    Once you have selected the loan, click on ‘Loan Details’ to view all relevant information. Here, you will find an option labelled 'Repayment Schedule' or 'EMI Schedule'. This will display a detailed breakdown of each EMI, showing how much of the payment goes towards interest and principal.
  4. Download the Schedule
    Click the ‘Download’ button available next to the repayment schedule option. The document will be downloaded in PDF format, which you can save on your device or print for your records.

The Bajaj Finserv portal ensures that customers have round-the-clock access to their financial data, making it convenient to track loan repayments and better manage personal finances. If needed, customers can also request physical copies through customer service.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

How can I get my loan account statement?

If you have an ongoing loan with Bajaj Finance, you can download your loan account statement by visiting our customer portal.

You can follow these easy steps to download your loan account statement

 

  • Click on the ‘Get your loan account statement’ option below to visit our customer portal.
  • Enter your registered mobile number and an OTP to sign-in.
  • Verify your details with your date of birth and proceed.
  • Select your loan account from the ‘Document Centre’ section.
  • Click on ‘Statement of Account’ to download it.

 

Get your loan account statement

I have made a part-prepayment towards my loan account. How can I check its details?

When you part-prepay your loan, it takes 48 business hours for your details to get updated. You can check your loan repayment details with your statement of account.

Download your statement of account

How can I check the outstanding amount of my loan?

The outstanding loan amount is the balance amount that you need to pay to your lender. Your loan account statement comes in handy to keep track of your outstanding loan amount, EMIs paid and more.

If you have an ongoing loan with Bajaj Finance, visit our customer portal – My Account and get your statement of account in a few clicks.

You can also download other loan-related documents from the ‘Document Centre’ section of our customer portal.

What is the use of a loan account statement?

Your loan account statement is a detailed summary that records every transaction that has been carried on your loan account. It includes details such as the number of EMIs paid, rate of interest, part-prepayment details, and outstanding amount. The account statement helps you to stay informed about the instalments and other deductions.

Check your loan account statement

How can I check the interest amount of my personal loan EMI?

Your personal loan EMI is usually consisting of interest and principal components. If you have an ongoing personal loan with Bajaj Finance, you can check the interest component of your EMI in the statement of account.

Our customer portal – My Account provides easy access to all your loan-related documents in one place. If you’re looking for your loan account statement, you can sign-in and download it easily in a few clicks.

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