Car loans play a pivotal role in enabling individuals to realise their aspirations of vehicle ownership. These financial instruments provide a pathway for acquiring a car without the immediate burden of a substantial upfront payment. Bajaj Finance provides financing solutions in two distinct categories: used car loans and new car finance. The used car loans cater to individuals seeking financial assistance for the purchase of pre-owned vehicles. On the other hand, the new car finance option is designed to provide funds exclusively for the acquisition of brand-new vehicles. This dual offering ensures that borrowers have the flexibility to select the loan product that aligns most effectively with their individual needs and preferences, whether it involves buying a used car or a new one.
Why it is important to track your car loan status
Monitoring your car loan status is crucial for financial awareness and planning. Regularly tracking your loan status allows you to stay informed about upcoming payments, interest rates, and any potential discrepancies. It helps you maintain a clear understanding of your financial commitments, enabling you to budget effectively and avoid late payments. Tracking also ensures that you can address any issues promptly, such as errors in your loan statement or unexpected changes in interest rates. Ultimately, staying vigilant about your car loan status empowers you to manage your finances responsibly and make informed decisions throughout the loan repayment period.
Check loan status
If you have borrowed either of our car loans – used car loan or new car finance, you can visit our customer portal and track its status.
- Go to our customer portal – My Account from our website.
- Enter your registered mobile number and the OTP to sign-in.
- Verify your details by entering your date of birth and proceed.
- Select the loan account for which you want to view its status.
- Find the status of your loan whether it is active or closed.
Alternatively, you can also download our app and check the status of your car loan while you are on the go.
Review payment history
You can also review your repayment history by downloading your loan statement. You can follow these simple steps to download a car loan statement.
- Go to our customer portal – My Account from our website.
- Sign-in with your registered mobile number and the OTP.
- Enter your date of birth for verification and proceed.
- Select the loan account for which you want to download the loan statement.
- Click on ‘Statement of Account’ to download it.
Alternatively, you can also download the Bajaj Finserv app and get your car loan statement on the go.
