Steps to check your home loan online

Follow these steps to check your home loan online
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Steps to check your home loan online
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3 min
09-July-2024

Understanding your home loan details is crucial for effective financial management. It helps you stay informed about your outstanding balance, interest rates, and repayment schedule, ensuring timely payments and avoiding penalties. Knowing your loan details also aids in planning for prepayments or foreclosure, potentially saving on interest costs. You can check your home loan details online through the lender's customer portal or by contacting customer support for assistance.

Manage your home loan details

Managing your home loan details is essential for maintaining financial control and ensuring timely repayments. By regularly reviewing your loan statements, you can monitor your outstanding balance, track your repayment schedule, and stay updated on any changes in interest rates. This proactive approach helps you avoid late fees, maintain a good credit score, and plan for prepayments or loan foreclosure. Keeping a close eye on your home loan details ensures that you are on top of your financial commitments and can make informed decisions about your finances.

Steps to view home loan details online

Through customer portal

  1. Visit your account: Navigate to the official website of Bajaj Finserv.
  2. Login to your account: Enter your registered mobile number and OTP or simply login with the App
  3. Account section: Click on Account and tap on your relations.
  4. Select home loan: Choose your home loan account from the list.
  5. View details: Access all relevant information, including outstanding balance, repayment schedule, and interest rates.

For more detailed guidance, visit the Customer Support Portal.

If you need assistance, call the Customer Care Number

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:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • 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-qualified 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.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

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Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. In case any inconsistencies observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

Can I repay Bajaj loan early?
Yes, you can repay your Bajaj loan early. This process, known as prepayment or foreclosure, allows you to pay off the remaining loan balance before the end of the loan tenure. Doing so can help you save on interest costs and achieve financial freedom sooner. However, it's important to check with Bajaj Finserv for any prepayment charges or conditions that may apply.

How many times can prepayment be done?
The number of times you can make prepayments on your loan depends on the terms and conditions set by Bajaj Finserv. Typically, lenders allow multiple prepayments, but there may be restrictions on the frequency and amount. It is advisable to review your loan agreement or contact the lender directly to understand the specific prepayment policies for your loan.

Is prepayment good or bad?
Prepayment can be beneficial as it reduces the outstanding principal, thereby lowering the total interest payable over the loan tenure. This can lead to significant savings and help you clear your debt faster. However, prepayment might come with charges, so it's important to weigh the cost of these charges against the potential interest savings. For some borrowers, prepayment may be a strategic financial move, while for others, it may not be as advantageous.

How can I clear my home loan early?
To clear your home loan early, you can adopt several strategies. Making regular prepayments whenever you have extra funds or bonuses can significantly reduce the principal amount and interest burden. Increasing your monthly EMI payments, if possible, also shortens the loan tenure and lowers interest costs. Additionally, paying a lump sum amount whenever you have surplus funds can further decrease your outstanding principal. Another effective strategy is refinancing your loan with a lender offering a lower interest rate, which reduces overall interest payments and helps you close the loan faster. By implementing these methods, you can manage your finances more efficiently and achieve debt-free status sooner.

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