SK Finance is a non-banking finance company, founded in 1994 and is based in Jaipur, Rajasthan with over 490 branches across 12 states and 1 union territory in India. It provides various loans such as for vehicle purchase, business expansion, home renovation, and more.

Experience the ease of making loan payments anytime, anywhere, without the hassle of extensive paperwork with Bajaj Pay, the BBPS platform on Bajaj Finserv. The user-friendly platform ensures a simple and welcoming experience, providing customers with swift and hassle-free payment solutions. The Reserve Bank of India (RBI) introduced the BBPS (Bharat Bill Payment System) concept to streamline digital payments, aiming to enhance the efficiency of the payment process.

Benefits of making SK Finance loan repayment using the Bajaj Finserv BBPS platform

Some of the benefits of making SK Finance loan repayment on the Bajaj Finserv BBPS platform include:

• Quick and hassle-free: With the Bajaj Finserv BBPS platform, you can make SK Finance loan fee payment quickly and effortlessly.
• Safe and secure: Bajaj Finserv provides a safe and secure payment platform on Bajaj Pay. Your payment details are secure with the platform’s robust security measures.
• Multiple payment options: Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, e-wallet, and UPI. This allows you to choose the payment method that suits you best.
• Instant confirmation: After making the payment, the platform immediately confirms the payment through an email and SMS.

How to calculate SK Finance loan repayment

Calculating your SK Finance loan payment is easy with these steps:

• Know your loan details: Gather information like your loan amount, interest rate, and repayment period.
• Use an online calculator: The SK Finance Bank website offers an EMI calculator where you can enter these details to see your monthly payment instantly.
• Review the payment breakdown: The calculator will also show how much you pay towards the loan amount (principal) and interest each month.

For the most accurate estimate, visit the official SK Finance website or contact their customer support team.

Steps to make your loan payment online on the Bajaj Finserv website

Paying the loan through the Bajaj Finserv website is simple. Here are the steps:

1. Visit the Bajaj Finserv website
2. Navigate to the ‘BILLS AND RECHARGES’ section and select the ‘LOAN PAYMENT’ option
3. A pop-up will request for sign-in, enter your mobile number, and click on ‘GET OTP’ to log in
4. Select your service provider from the list of loan service providers
5. Enter your ‘LOAN ACCOUNT NUMBER’ and along with your loan type, and click on ‘FETCH YOUR BILL’
6. Verify the bill amount and click on ‘PAY NOW’
7. Pay using the multiple payment methods available such as Bajaj Pay UPI, debit card, credit card, net banking, and Bajaj Pay Wallet.

Post the transaction, you will be receiving a confirmation to intimate about successful payment.

Fees and charges

A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.

Note: For failed transactions, the total amount including charges except taxes is reversed.

Pay bank loans by other lenders

Apart from SK Finance loan repayment, you can pay EMI for other loan providers across India, such as:

Making SK Finance loan repayment on the Bajaj Finserv app is a very easy process. Follow these simple steps to make your payment online:

1. Download and install the Bajaj Finserv app from Google Play Store or App Store
2. Login with your credentials
3. Go to ‘BILLS AND RECHARGES'
4. Select ‘LOAN REPAYMENT' under the ‘FINANCIAL SERVICES AND TAXES’ section
5. Select ‘SK FINANCE’ as the issuing bank and enter your Loan Agreement Number
6. Enter the loan amount and select your preferred payment mode
7. Make the payment to repay your loan

Once you have completed the payment, you will receive an e-receipt, which you can keep for future reference.

Steps to make SK Finance loan repayment on the Bajaj Finserv website

Here is how you can repay SK Finance loan online on the Bajaj Finserv website:

1. Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
2. Go to the ‘BILLS AND RECHARGES’ under the ‘PAYMENTS’ section
3. Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LOAN REPAYMENT’
4. Choose your biller from the drop-down
5. Enter your loan account number and click on ‘FETCH YOUR BILL’
6. Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
7. After choosing your preferred payment mode, enter the requested payment details
8. Check the details you entered and click on 'PAY NOW’

You will receive a notification from Bajaj Finserv after successful payment.