Tata Motors Finance loan EMI payment
Tata Motors Finance Ltd. (TMFL) is a part of Tata Motors Ltd, a leading automobile manufacturer in India. TMFL is one of the top vehicle financing companies in India, with emphasis on providing loans for Tata Motors vehicles. The company provides financing options for both new and used vehicles, including commercial vehicles, passenger cars, and utility vehicles. It also offers loans for construction equipment and tractors.
You now have the convenience of making EMI payments anytime from anywhere and without the stress of filling out lengthy documents thanks to Bajaj Pay – the BBPS platform on Bajaj Finserv. The platform is simple to use and very welcoming to users and offers quick and hassle-free loan payment solutions to customers.
The Reserve Bank of India (RBI) introduced the concept of BBPS, intending to streamline digital payments.
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Steps to make Tata Motors Finance loan repayment on the Bajaj Finserv app
Making Tata Motors Finance loan repayment on the Bajaj Finserv app is a very easy process. Follow these simple steps to make your payment online:
- Download and install the Bajaj Finserv app from Google Play Store or App Store
- Login with your credentials
- Go to ‘BILLS AND RECHARGES'
- Select ‘LOAN REPAYMENT' under the ‘FINANCIAL SERVICES AND TAXES’ section
- Select ‘TATA MOTORS FINANCE LIMITED’ as the issuing bank and enter your Loan Agreement Number
- Enter the loan amount and select the preferred payment mode
- 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 Tata Motors Finance loan repayment on the Bajaj Finserv website
Here is how you can repay Tata Motors Finance loan online on the Bajaj Finserv website:
- Visit the Bajaj Finserv website
- Go to the ‘BILLS AND RECHARGES’ under the ‘PAYMENTS’ section
- Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LOAN REPAYMENT’
- Choose your biller from the drop-down
- Enter your loan account number and click on ‘FETCH YOUR BILL’
- Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
You will receive a notification from Bajaj Finserv after successful payment.
Benefits of paying Tata Motors loan using the Bajaj Finserv
Some of the benefits of making Tata Motors Finance loan repayment on the Bajaj Finserv BBPS platform include:
- Quick and hassle-free
With the BBPS platform on Bajaj Finserv, you can repay your Tata Motors Finance loan quickly and effortlessly. - Safe and secure
The Bajaj Finserv BBPS is a safe and secure payment platform. 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.
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 are reversed.
Flexible payment methods available for Tata Motors finance on Bajaj Finserv
- Net banking: Use the internet banking service provided by your bank to conveniently pay your Tata Motors Finance EMI.
- UPI: Use UPI-capable applications like Google Pay, PhonePe, or Paytm to make quick and safe payments.
- Debit/credit cards: You may easily make fast EMI payments with your debit or credit card.
- Mobile wallets: For additional convenience, pay your EMI using a well-known mobile wallet.
- Auto-debit: To guarantee on-time payments straight from your bank account and save late penalties, set up auto-debit instructions.
Why choose Bajaj Finserv for Tata motors finance loan EMI payment?
- Convenient payment options: Paying your Tata Motors Finance loan EMIs is made simple by Bajaj Finserv's range of payment options, which include debit cards, mobile wallets, online banking, and UPI.
- Flexible payment schedules: To ensure flexibility in managing your funds, you can opt to pick manual payments, set up auto-debit, or schedule payments.
- Instant payment confirmation: Get email and SMS acknowledgements of your payments instantly, giving you piece of mind and making it simple to monitor your loan repayment history.
- No extra costs: Bajaj Finserv is a reasonably priced choice because it usually does not charge additional costs for online EMI payments.
- Secure transactions: By protecting your payment information with cutting-edge encryption and security methods, you lower the possibility of fraud.
Pay bank loans by other lenders
Apart from Tata Motors Finance loan repayment, you can pay EMI for other loan providers across India, such as:
Recharge and Pay Bills
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.
Frequently asked questions
Yes, Bajaj Finserv also provides other recharge services such as:
To check your Tata Motors loan status, you can visit the official Tata Motors Finance Limited website. There, you will find information about your loan, including repayment status and other relevant details.
The interest rate for Tata Motors Finance loans can vary based on factors such as the type of loan, tenure, and individual creditworthiness. To get the most accurate and up-to-date information, visit the official Tata Motors Finance website or contacting their customer care.
To check your Tata Motors Finance loan status, follow these steps:
Online method:
- Visit the Tata Motors Finance website.
- Look for a dedicated section related to loan status or account management.
- Log in using your credentials (usually your loan account number or registered mobile number).
- You should be able to view details such as outstanding balance, payment history, and upcoming EMIs.
Offline method:
- If you cannot access your loan status online, visit a Tata Motors Finance branch.
- Bring all relevant loan documents and inquire about your loan status in person.
You may get in touch with customer service at Tata Motors Finance using the following information if you need help with your loan:
- Customer Service Number (toll-free): 1800-209-0188
- Email address for customer service: contactus@tmf.co.in
For questions about loan payments, account information, NOC requests, and other service-related matters, these channels are open. For a timely response, it is recommended to contact customer support during regular business hours, since they are usually accessible during such times.
Prior to requesting a No Objection Certificate (NOC) from Tata Motors Finance, make sure that all of the debt associated with it has been settled, including any unpaid EMIs, penalties, or fines. Contact Tata Motors Finance by phone or email to obtain the NOC after the last payment has been made. Details about your loan account and documentation of your last payment may be required. Tata Motors Finance will provide the NOC when your request has been validated. You can pick it up in person at a branch, get it via email, or get it by mail.
