Check the Bajaj Finserv Personal Loan statement online and offline
Financial institutions provide borrowers with a monthly loan account statement. This document lists the payment due date, personal loan EMIs payable towards the loan, and other useful details. As a borrower, checking your personal loan statement helps you make timely payments and stay updated about repayment progress.
Most financial institutions offer statements for personal loans online and offline. Here’s how to check your Bajaj Finserv Personal Loan account statement:
1. Through the website
Use the Bajaj Finserv customer portal - My Account, to check your account statement and other loan details.
- Visit the customer portal and enter your registered mobile number and the OTP.
- Verify your details by entering your date of birth.
- Select the loan account from the ‘My Relations’ section.
- Click on the ‘Statements’ options within ‘Quick Actions’.
- Download the Statement of Account by clicking on it.
2. Through the mobile app
You can also use the Bajaj Finserv loan app to view statements and track other loan details.
- Download the application from the App Store or Play Store.
- Log in using your mobile number.
- Once logged in, select the loan account, and click on ‘Statements’ to download the loan statement.
3. Through a branch
If you don’t want to check your loan account statement online, visit the nearest branch for instant access to your loan statement.
Things to Check in your Personal Loan Statement
When reviewing your personal loan statement, it is crucial to check several key details to ensure accuracy and manage your finances effectively. Firstly, verify the loan balance to confirm the outstanding amount. Next, scrutinise the interest rate and ensure it matches your loan agreement. Examine the payment due date and amount to avoid late fees. Look at the breakdown of your monthly payments, noting how much goes towards principal versus interest. Check for any additional fees or charges, and review your repayment schedule to track your progress. It is also wise to confirm that all payments have been correctly applied to your account. Lastly, ensure your personal information is accurate to avoid potential issues. Regularly monitoring these details helps maintain control over your loan and prevents financial discrepancies.
How to check your personal loan status?
To check your personal loan status, follow these straightforward steps.
Firstly, log in to your account with Bajaj Finance and follow the below-given steps:
- Click on “Account”
- Click on “Your relations” and from the list of your active relations, select the Loan Account Number for which you want to know the status.
You can also go to the nearest Bajaj Finserv branch and get in touch with a representative who will help you in knowing the status of your loan
Frequently asked questions
A personal loan customer care number is a helpline provided by lenders for customer support. By calling this number, borrowers can inquire about their loan status, EMI payments, interest rates, and resolve any issues. The customer care team assists with queries, provides loan-related information, and offers guidance on loan processes. This service ensures borrowers have direct access to necessary assistance and support.
To pay your EMI loan in advance, log in to your lender's online portal and select the option for advance EMI payment. You can also visit the lender's branch to make the payment directly. Ensure you have sufficient funds in your account, and confirm with your lender if any forms or specific instructions are required. This process helps reduce the loan principal and overall interest burden.
To close your loan early, first, check for any prepayment penalties. Then, obtain a foreclosure statement from your lender, detailing the outstanding balance. Make the payment through the lender’s online portal, via bank transfer, or at a branch. Ensure all dues, including any additional charges, are cleared. Finally, obtain a loan closure certificate from the lender, confirming the complete repayment and closure of the loan account.
The charges for prepayment of a personal loan vary by lender. Typically, a prepayment penalty ranges from 2% to 5% of the outstanding principal amount. Some lenders may also charge a fixed fee. It’s essential to review your loan agreement or consult with your lender to understand the specific prepayment terms and fees applicable to your loan. These charges are intended to compensate the lender for the loss of anticipated interest income.
