Bajaj Finance offers microfinance group loans to help women from low-income groups manage their business expenses. If you’ve borrowed a microfinance group loan from us, you usually repay it in small monthly instalments. These small instalments known as EMIs (equated monthly instalments) consist of the principal and the interest amount. This amount gets debited from your registered bank account on a fixed date every month. However, if you’ve missed your EMI due date due to any technical error or an insufficient account balance, it’s known as a missed EMI.
It’s critical to clear your missed EMI or overdue instalment immediately as it might have a negative impact on your CIBIL Score. An overdue EMI also results in additional penal or bounce charges. However, it’s advised to maintain a sufficient balance in your bank account and keep your mandate updated to avoid any overdue EMIs.
In case you’ve missed your microfinance group loan EMI, you can clear it easily by visiting our customer portal – My Account. Follow these simple steps to make missed EMI payments.
- Click on the ‘Sign-in’ button on this page to go to My Account – Bajaj Finance customer portal.
- 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 with the overdue EMI.
- Enter the required details, review the additional charges if there are any and proceed.
- Use our secured payment gateway to complete the payment.
Our customer portal – My Account also provides a host of other DIY (do it yourself) services using which you can manage your active loan accounts. You can download documents, make loan payments, check pre-approved offers and more from the comfort of your home.
You can also use our app and clear your overdue EMI payment on the go. Go to the Play Store or the App Store and download Bajaj Finserv app today.
