Bajaj Housing Finance Limited loan repayment
Bajaj Housing Finance Limited (BHFL), a subsidiary of Bajaj Finance Limited. It is a prominent player in India's non-banking financial sector and is headquartered in Pune. It was established to cater to the growing demand for housing finance. BHFL offers a comprehensive range of financial products. These include home loans, loans against property, and financing for commercial real estate developments. With a customer base exceeding 88 million, the company has positioned itself as a trusted partner for individuals and businesses seeking to purchase or renovate properties. BHFL is recognised for its robust credit ratings, holding a AAA/Stable rating from CRISIL and India Ratings. Thus, reflecting its solid financial standing and commitment to responsible lending.
The company operates under the regulatory framework of the Reserve Bank of India (RBI) as an 'Upper-Layer NBFC.’ It emphasises its significant role in the housing finance landscape. BHFL is dedicated to leveraging technology and analytics to enhance customer experience and streamline operations. This focus on innovation, combined with a diverse portfolio of mortgage solutions. This enables Bajaj Housing Finance to effectively meet the evolving needs of its clients while contributing to India's real estate growth.
When it comes to loan repayment, Bajaj Housing Finance Limited ensures flexibility and convenience. Customers can make payments online, avoiding the hassle of visiting physical branches. By partnering with Bajaj Finserv, they ensure secure transactions. In this article, we will guide you in making loan repayments online on Bajaj Finserv using its Bajaj Pay platform.
1. Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
2. Go to the ‘LOAN REPAYMENT’ under the ‘PAYMENTS’ section
3. Click on ‘PAY NOW’
4. Select your biller from the drop-down menu
5. Enter your ‘LOAN NUMBER’ and click on ‘PROCEED’
6. Select a payment method from the list of available payment options such as credit card, debit card, UPI, e-wallet, and net banking
7. After choosing your preferred payment mode, enter the requested payment details
8. Check the details that you entered and click on 'PAY NOW’
Note: For failed transactions, the total amount including charges except taxes are reversed.
The company operates under the regulatory framework of the Reserve Bank of India (RBI) as an 'Upper-Layer NBFC.’ It emphasises its significant role in the housing finance landscape. BHFL is dedicated to leveraging technology and analytics to enhance customer experience and streamline operations. This focus on innovation, combined with a diverse portfolio of mortgage solutions. This enables Bajaj Housing Finance to effectively meet the evolving needs of its clients while contributing to India's real estate growth.
When it comes to loan repayment, Bajaj Housing Finance Limited ensures flexibility and convenience. Customers can make payments online, avoiding the hassle of visiting physical branches. By partnering with Bajaj Finserv, they ensure secure transactions. In this article, we will guide you in making loan repayments online on Bajaj Finserv using its Bajaj Pay platform.
Steps to repay Bajaj Housing Finance Limited loan online on the Bajaj Finserv website
You can repay Bajaj Housing Finance Limited loan on the Bajaj Finserv website by following these steps:1. Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
2. Go to the ‘LOAN REPAYMENT’ under the ‘PAYMENTS’ section
3. Click on ‘PAY NOW’
4. Select your biller from the drop-down menu
5. Enter your ‘LOAN NUMBER’ and click on ‘PROCEED’
6. Select a payment method from the list of available payment options such as credit card, debit card, UPI, e-wallet, and net banking
7. After choosing your preferred payment mode, enter the requested payment details
8. Check the details that you entered and click on 'PAY NOW’
Fees and charges
A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.Note: For failed transactions, the total amount including charges except taxes are reversed.
Benefits of making Bajaj Housing Finance Limited loan repayment on Bajaj Finserv
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Here are the benefits of repaying Bajaj Housing Finance Limited loan on Bajaj Finserv:
Quick and hassle-free: Using the Bajaj Pay platform, you can pay your Bajaj Housing Finance Limited loan quickly and effortlessly.
Safe and secure: The Bajaj Finserv BBPS provides a safe and secure payment platform. Your payment details are secure with the platform’s robust security measures.
Multiple payment options: Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, e-wallet, and UPI. This allows you to choose the payment method that suits you best.
Instant confirmation: After making the payment, the platform immediately confirms the payment through an email and SMS.Mode of payment
The Bajaj Pay platform offers a range of convenient payment options to repay your Bajaj Housing Finance Limited loan online. Let us explore the available modes:
Credit card/debit card: This is a widely accepted and convenient option. You can make payments using your Visa, Mastercard, or Maestro card issued by any bank in India.
Net banking: If you prefer online bank transfers, Bajaj Finserv integrates with major banks across India. Simply select your bank from the list and utilise your existing net banking credentials for secure payments.
Bajaj Pay UPI: This option leverages the Unified Payments Interface (UPI) for instant fund transfers. It is a secure and fast way to pay directly from your bank account using a UPI app.
Bajaj Pay Wallet: Bajaj Finserv also offers its own digital wallet - Bajaj Pay Wallet. If you have a Bajaj Pay account, you can easily make payments using the balance stored in your wallet.
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Recharge and Pay Bills
Mobile Prepaid
Mobile Postpaid
Broadband Bill Payment
Electricity Bill Payment
Bajaj Finserv App for All Your Financial Needs and Goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Explore and apply for co-branded credit cards online.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Frequently asked questions
What types of loans does Bajaj Housing Finance offer?
Bajaj Housing Finance offers home loans, loans against property, lease rental discounting, and developer finance.
How can I apply for a loan with Bajaj Housing Finance?
You can apply online through their website or visit branches across India for offline applications.
What is the minimum interest rate for home loans at Bajaj Housing Finance?
The starting interest rate for home loans at Bajaj Housing Finance is 8.50% per annum.
How long does it take to get loan approval?
Bajaj Housing Finance typically provides an in-principle sanction letter within 10 minutes of application submission.
Is there any documentation required to apply for a loan?
Yes, applying for a loan requires minimal documentation, which varies based on the type of loan and applicant profile.
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