Bajaj Finance provides a diverse range of loans to meet a variety of credit needs. Nonetheless, obtaining any of these credits entails a number of steps, from application to disbursement. It is critical to keep track of the loan status until the loan is approved. An applicant must also keep up to date on Bajaj Finance loan details until the loan is completely repaid.
Types of loan provided :-
- Home Loan
- Personal loan
- Loan against property
- Loans Against insurances
- Gold Loans
- Loans Against fixed deposits
- Loans Against mutual funds and share
- Short term business loan
- Flexi loans
- Education loan
- Vehicle loans etc.
Factors affecting loan :-
1.Credit score: A high credit score implies that you have paid your bills on time in the past. As a result, credit score is frequently one of the most important criteria influencing an individual’s interest rate. If you have a low credit score, you may be eligible for a loan with a higher interest rate than someone with a strong credit score.
- Income: Lenders often consider someone with a higher income to have a better repayment capacity. As a result, they may qualify for a loan with a cheaper interest rate than someone with a smaller income.
- Bank relationship: Having a good bank account (current or savings) or repaying a bank loan on time helps an individual build a good bank relationship.
How to check Bajaj finance loan details online ?
Existing borrowers receive loan account statements every month. This Bajaj Finance loan statement includes important information such as the EMI payment due date, outstanding balance, amount repaid, and so on.
As a result, it is critical to check the Bajaj Finance loan statement on a regular basis to ensure on-time repayment. This also aids in detecting any errors in the information that may have an impact on your credit profile in the long run.
By following a few simple steps, you can check your Bajaj loan statement online or offline.
The steps are :-
- Navigate to the Bajaj Finance Login page.
- Enter your customer ID, mobile number, or email address.
- Select a password or ‘Generate OTP.’
- You will be able to access your account once you have been authenticated.
- When you log in, select ‘View All’ from the ‘My Relations’ tab.
- Select the product and then click ‘View Details.’
- When the loan information appears on the screen, select ‘E-statement.’
And you would get all the Bajaj finance loan details there.
Advantages of checking Bajaj finance loan details online :-
The following are some of the advantages of checking Bajaj Finance loan details online via our website or mobile application:
- EMI payment on time
Borrowers can ensure timely EMI Payment after reviewing the Bajaj Finance loan details. Make a mental note of the upcoming payment date and set a reminder for it.
- Helps in prepayment planning
Knowing the outstanding loan balance and remaining EMIs will make it easier to plan part-payments and foreclose a loan before the tenor expires. Maintain an excellent credit profile by part-paying on a regular basis.
- Provides Transparency
The loan account statement also aids in detecting any discrepancies in facts and allows for prompt notification.
- Time Saving
Individuals might save a significant amount of money by checking the Bajaj loan details online instead of going to a location. From the convenience of your own home, you can access all loan information.