Purchasing a new car is a significant milestone, and finding the right financing option is crucial for managing this investment effectively. Bajaj Finserv provides an excellent solution with its new car finance offerings, featuring competitive interest rates, flexible repayment terms, and an easy application process. Once you secure your car loan, keeping track of your loan statement becomes essential. Regularly checking your car loan statement ensures you are on top of your repayments, helps you avoid any discrepancies, and keeps you informed about your outstanding balance. Here, we discuss the various convenient methods to access your Bajaj Finserv car loan statement.
Methods to access Bajaj Finserv car loan statement
Online method
- Accessing your car loan statement online is quick and straightforward. Follow these steps:
- Visit the official Bajaj Finserv website.
- Log in to your account using your registered mobile number.
- Under “Your relations” tap on “Loan”
- Under Loan, you will see all your active loans. Select your Car loan account from the list
- Under “View statement” you will find your loan statement
- Tap to view or download
Mobile app method
Using the Bajaj Finserv mobile app offers a convenient way to manage your loan details on the go. Here’s how:
- Download and install the Bajaj Finserv app from your preferred app store.
- Log in to your account using your registered mobile number.
- Under “Your relations” tap on “Loan”
- Under Loan, you will see all your active loans. Select your Car loan account from the list
- Under “View statement” you will find your loan statement
- Tap to view or download.
Customer service method
For those who prefer personal assistance, the customer service method is ideal. Here are the steps:
- Contact Bajaj Finserv customer service via their helpline number.
- Provide your loan account number and other necessary details for verification.
- Request for your car loan statement to be sent to your registered email address.
- You will receive the statement in your inbox shortly.
Understanding your car loan statement
- Account summary: This section provides a snapshot of your loan details, including the original loan amount, outstanding balance, interest rate, and tenure. It helps you keep track of how much you owe and for how long.
- Payment schedule: This outlines the monthly payment amount and due dates. It may also include a breakdown of principal and interest amounts, helping you understand how each payment affects your loan balance.
- Interest and fees: Your statement will detail the interest accrued for the period, as well as any fees charged, such as late payment fees, processing charges, or penalties. Being aware of these costs helps avoid unnecessary charges.
- Transaction history: This lists all transactions within the statement period, including payments made, interest applied, and any other financial activities. Reviewing this ensures that all payments are correctly applied.
- Contact information: The statement includes contact details for customer service, should you have any questions or concerns regarding your car loan. It’s advisable to check your statement regularly to ensure accuracy and avoid missed payments.
Conclusion
Regularly checking your Bajaj Finserv car loan statement is vital for maintaining your financial health and ensuring timely repayments. By utilising the online, mobile app, or customer service methods, you can easily stay updated on your loan status and manage your finances better. For more details on applying for a car loan, visit the car loan application form page. Furthermore, after you have successfully repaid your loan, remember to obtain your Car Loan NOC to clear any liabilities and secure your car ownership, ensuring all formalities are duly completed.
