Steps to check overdue payment confirmation

Follow the steps given in this article to check your overdue payment confirmation
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Steps to check overdue payment confirmation
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3 min
10-September-2024
Making overdue EMI payments promptly is crucial to avoid penalties and maintain a healthy credit score. Confirming that your overdue payments have been processed correctly provides peace of mind and ensures your loan account is up to date. You can confirm overdue EMI payments through various methods, such as online banking, customer service, or visiting a branch. Ensuring these payments are accurately recorded helps prevent future complications. For more details on managing overdue payments, read about overdue payment methods.

Need of overdue EMI payment confirmation

Confirming overdue EMI payments is essential for several reasons. It ensures that your payment has been received and applied correctly, preventing any additional penalties or interest charges. Accurate confirmation helps maintain your credit score, as timely updates on overdue payments reflect positively on your credit report. Additionally, having proof of payment provides documentation in case of any disputes with the lender. This confirmation process helps in keeping your loan account in good standing and avoids any unnecessary complications.

How to confirm overdue EMI payment?

You can confirm your overdue EMI payment through various methods:

  1. Online banking: Log in to your Bajaj Finserv account and check the 'Payments' or 'Transactions' section to verify that your overdue payment has been processed.
  1. Customer service: Contact Bajaj Finserv customer service via phone or email to get confirmation on your overdue payment. They can provide real-time updates and answer any questions you may have.
  1. Branch Visit: Visit the nearest Bajaj Finserv branch with your payment receipt and loan account details. A representative can confirm the payment and update your account status.
Each method provides a reliable way to ensure that your overdue EMI payment has been correctly applied to your loan account.

How to View and Download Overdue EMI Payment Statement

To view and download your overdue EMI payment statement, follow these steps:

  1. Log In to your account: Access your Bajaj Finserv account online using your registered mobile number.
  1. Navigate to loan section: Click on “Account” and then click on “Your relations” to go to the 'Loan details' section.
  1. Select payment history: Click on 'Payment history' to view all transactions, including overdue payments.
  1. Download statement: Select the overdue payment transaction and download the statement for your records.
This process ensures you have a detailed record of all payments, which is useful for financial planning and dispute resolution.

Advantages of overdue EMI payment confirmation

Confirming your overdue EMI payments offers several advantages:

  • Avoiding penalties: Ensures no further penalties or interest charges are applied to your account.
  • Credit score maintenance: Timely updates on overdue payments help maintain a healthy credit score.
  • Accurate record keeping: Provides a clear record of payments, essential for financial management.
  • Dispute resolution: Having confirmation and documentation helps resolve any discrepancies with the lender quickly.
  • Peace of mind: Knowing your payments are correctly applied gives you confidence in managing your finances.
For detailed information on your loan and payment history, you can access your loan statement.

 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.
  • Explore and apply for co-branded credit cards online.
  • 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-approved 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.

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Frequently asked questions

What is the difference between overdue and outstanding?
Overdue refers to payments that are past their due date and have not been paid, incurring late fees or penalties. Outstanding refers to the total amount that is still unpaid on the loan, including both current and overdue payments.

How do I clear an overdue charge?
To clear an overdue charge, log in to your Bajaj Finserv account and navigate to the payments section. Select the overdue payment and make the necessary payment through your preferred method. You can also contact customer service or visit a branch for assistance.

How to make a repayment schedule?
To create a repayment schedule, review your loan terms and EMI amounts. Calculate your payment dates and amounts for each month. Use tools like online EMI calculators or consult with your lender to help plan a detailed schedule that ensures timely payments.

How can I know my loan details?
You can access your loan details by logging into your Bajaj Finserv account online. Navigate to the 'Loan Details' or 'My Account' section to view your loan amount, EMI schedule, outstanding balance, and other relevant information.

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