A vehicle loan becomes overdue when a payment due on the account is not completed by the scheduled date. The account may continue to show pending dues until the payment is completed and updated.
Customers should regularly review their loan account and repayment information. If payments remain pending, you may receive communication regarding the account and available repayment options.
Checking your account information regularly can help you stay informed about your repayment obligations and any actions that may be required.
What is vehicle repossession
Vehicle repossession generally refers to a process that may apply in certain situations when a loan account remains unpaid and the applicable terms and conditions permit further action.
The process, if applicable, depends on:
- Loan terms and conditions
- Account status
- Applicable processes and requirements
- Communication related to the account
Customers should review their loan documents and seek clarification regarding their specific account situation.
How to check your overdue vehicle loan details
You can review your vehicle loan information online through your Bajaj Finance account.
Follow these steps:
- Sign in to your account.
- Select the vehicle loan account.
- Review repayment details.
- Check pending dues, if applicable.
- Verify recent payment information.
Regularly reviewing your account helps you understand your repayment status and any pending obligations.
What documents should you keep ready for your loan account
Keeping your account information available can help you address repayment-related queries more efficiently.
You may keep:
| Document | Purpose |
|---|---|
| Loan agreement | Review loan terms |
| Payment records | Verify repayments |
| Loan account details | Check account information |
| Communication records | Review account updates |
Keeping these documents organised can help you understand your account status more easily.
