7 min read Banking 101

How to Check Bajaj Loan Status Online?

How to Check Bajaj Loan Status Online?
  • To check your Bajaj Finserv Personal Loan status online, visit the official Bajaj Finserv website or use the Bajaj Finserv app. Log in with your registered mobile number or customer ID. Go to the "Loan" section, select your loan, and view its status, including approval, disbursement, or repayment details. You can also track the status via the Bajaj customer portal (Experia) for real-time updates. This online method helps you stay informed about your loan application or repayment progress quickly and conveniently.

Table of Content

Check Bajaj Loan Status via the Website

  • Go to the Website: Go to the official Bajaj Finance website.
  • Login or Register: If you already have an account, log in using your credentials. If not, you may need to register for an account.
  • Navigate to Loan Details: Once logged in, look for an option like "My Account," "Loan Account," or "Customer Portal."
  • Enter Loan Details: You may be asked to enter your loan account number, registered mobile number, or other identification details to access your loan information.
  • View Loan Details: After entering the required information, you should be able to view details such as the outstanding loan amount, EMI schedule, interest rate, and other relevant information.

Check Bajaj Loan Status via App

  • Download and Install the App: If Bajaj Finance has a mobile app (such as the Bajaj Finserv app), download and install it from the official app store.
  • Login to the App: Log in to the app using your credentials. If you don't have an account, you may need to register.
  • Access Loan Information: Navigate through the app to find the section related to your loan details. This might be labeled as "My Loans," "Loan Accounts," or something similar.
  • Enter Required Information: Input the necessary details such as your loan account number, mobile number, or any other identification information.
  • View Loan Details: Once you've provided the required information, you should be able to see details regarding your loan, including the outstanding amount, EMI schedule, and other relevant information.

Check Your Bajaj Loan Application Status

  • Visit the Bajaj Finserv Website: Open your web browser and go to the official Bajaj Finserv website.
  • Navigate to the Loan Application Status Page: On the homepage, look for the “Check Loan Application Status” option. This is usually found under the ‘Customer Service’ or ‘Support’ section.
  • Enter Your Application Details: You will need to provide specific details to retrieve your application status.

This typically includes:

  1. Your Application ID or Reference Number
  2. Your Registered Mobile Number or Email ID
  • Verify Your Identity: For security purposes, you might be asked to verify your identity using an OTP (One-Time Password) sent to your registered mobile number or email.
  • View Your Application Status: Once your identity is verified, you will be able to view the current status of your loan application. This will include information such as:
  1. Application Received
  2. Application Under Review
  3. Approved/Rejected Status
  4. Further Steps Required (if any)
  • Download or Print the Status Report: For your records, you can download or print the status report. This document can be useful for future reference or follow-ups with Bajaj Finserv.

Additional Tips:

  • Keep Your Details Handy: Ensure you have your application ID and registered mobile number/email available when checking your status.
  • Stay Updated: Regularly check your email and SMS for updates from Bajaj Finserv regarding your loan application.

Bajaj Finance Loan Apply

How to Apply for a Bajaj Finance Loan?

Applying for a loan with Bajaj Finance is a seamless and user-friendly process that can be completed entirely online. Here’s a comprehensive guide to help you through each step of the application:

  • Visit the Bajaj Finance Website: Start by visiting the official Bajaj Finance website. Navigate to the loan section to find the application portal.
  • Click on ‘Apply Now’: Look for the ‘Apply Now’ button and click on it to open the online application form.
  • Enter Your Mobile Number: You’ll be prompted to enter your 10-digit mobile number. Verify your number using the OTP (One-Time Password) that will be sent to your phone.
  • Fill in the Application Form: Provide the necessary details such as your full name, PAN (Permanent Account Number), date of birth, and PIN code. Make sure all the information is accurate to prevent any delays in the process.
  • Choose Your Loan Variant: Select the type of loan you wish to apply for. Bajaj Finance offers multiple options such as Term Loan, Flexi Term Loan, and Flexi Hybrid Loan. Each type has unique features, so choose the one that suits your needs best.
  • Select the Loan Amount and Tenure: Decide on the loan amount you need and choose the repayment tenure. Bajaj Finance offers flexible repayment periods ranging from 12 months to 84 months.
  • Complete KYC Verification: Complete your KYC (Know Your Customer) verification by uploading the necessary documents. Accepted documents include your Aadhaar card, PAN card, passport, or voter’s ID. Ensure that the documents are clear and legible.
  • Submit the Application: After filling in all the required details and uploading the necessary documents, apply. You will receive a confirmation message or email from Bajaj Finance.
  • Loan Approval and Disbursal: Your application will be reviewed, and the documents will be verified by Bajaj Finance. Once everything is in order, your loan will be approved, often within just a few minutes. The loan amount will be disbursed to your bank account within 24 hours of approval.
  • Repayment: Once the loan amount is disbursed, you can start repaying it according to the tenure chosen. Bajaj Finance provides flexible repayment options, and you can also opt for part-prepayment without incurring extra charges.

Applying for a Bajaj Finance loan is designed to be quick and hassle-free. By following these steps, you can secure the funds you need with ease. If you have any questions or need further assistance, Bajaj Finance’s customer support is always ready to help.

Bajaj Finance Personal Loan Interest Rate

Bajaj Finance offers personal loans with interest rates starting at 10% per annum and going up to 31% per annum. The exact interest rate you get depends on several factors, including your credit score, monthly income, employment status, and other eligibility criteria.

Here are some key points about Bajaj Finance personal loan interest rates:

  • Interest Rate Range: 10% to 31% per annum.
  • Processing Fees: Up to 3.93% of the loan amount (inclusive of applicable taxes).
  • Flexi Facility Charge: Varies based on the loan amount.
  • Prepayment Charges: Up to 4.72% of the outstanding loan amount for full prepayment.
  • Penal Charges: Delay in payment of installments attracts penal charges of Rs. 8 - Rs. 12 per day per installment.
  • Bounce Charges: In case of a bounced EMI (Equated Monthly Installment) due to insufficient funds or other issues, Bajaj Finance imposes a bounce charge of Rs. 700 - Rs. 1200 per bounce.

Bajaj Finance Personal Loan Eligibility Criteria

Here's a detailed overview of the eligibility criteria for a Bajaj Finance personal loan:

  1. Nationality: You must be a resident of India.
  2. Age: You should be between 21 and 80 years old at the time of loan maturity.
  3. Employment: You must be employed with a public, private, or multinational company.
  4. CIBIL Score: You need a minimum CIBIL score of 685 or higher.
  5. Monthly Salary: The minimum salary requirement varies based on your city of residence, starting from Rs. 25,000.

Additional Considerations

  • Income Stability: Lenders prefer borrowers with a stable income source.
  • Existing Debt: Your existing debt obligations will be considered to assess your repayment capacity.
  • Residential City: The city in which you live can influence the eligibility criteria and loan amount.

By meeting these criteria, you can apply for a Bajaj Finance personal loan online and get instant approval for up to Rs. 55 lakh.

Bajaj Finance NOC Download

To download a No Objection Certificate (NOC) from Bajaj Finance, follow these steps:

  • Visit the Bajaj Finance Customer Portal: Go to the official Bajaj Finance website and navigate to the customer portal.
  • Sign In: Click on the ‘Sign-in’ button and enter your registered mobile number and OTP (One-Time Password) to log in.
  • Verify Your Details: Verify your details with your date of birth and proceed.
  • Select Your Loan Account: Choose the loan account for which you want to download the NOC from the ‘My Relations’ section.
  • Request Duplicate NOC: Click on the ‘Duplicate NOC’ option in the ‘Quick Actions’ section and submit your request.
  • Track Your Request: You can track the status of your NOC request using the ‘Track NOC’ option in the ‘Quick Actions’ section.

Once your request is processed, you will receive the NOC at your registered contact address within 10 business days. The NOC is valid for 90 days from the date of issuance

Download No Dues Certificate
Download No Dues Certificate

Bajaj Customer Care

  • If you're having trouble accessing your loan details online, you can contact Bajaj Finance customer care (tel: 086980 10101, +91 8698010101). They will be able to assist you and provide the necessary information.

FAQs:

Can I check my loan application status offline?

  • Yes, you can visit the nearest Bajaj Finserv branch or contact their customer service helpline to check your application status.

What if I have lost my application ID?

  • If you have misplaced your application ID, you can retrieve it by contacting Bajaj Finserv customer support.

How long does it take for a loan application to be processed?

  • The processing time for loan applications can vary. Typically, it takes a few business days for Bajaj Finserv to review and approve/reject your application.

What is Bajaj's personal loan interest rate?

  • Bajaj Finance Limited provides personal loans at attractive interest rates, beginning from 11% per annum.

What is the interest of 3 lakh in Bajaj Finserv?

  • For a loan amount of ₹3,00,000 over a tenure of 60 months at an 11% annual interest rate, your monthly EMI (Equated Monthly Installment) would be approximately ₹6,523.

Is Bajaj EMI interest free?

  • With the Bajaj Finserv Insta EMI Card, no interest is payable. You can convert your entire purchase amount into easy EMIs without any interest charges.

How to check Bajaj EMI balance?

To access your Bajaj Finserv Insta EMI Card information, follow these steps:

  • Log in to the official Bajaj Finserv Website – My Account.
  • Enter your registered Mobile number or email ID.
  • Authenticate the login using an OTP or your password.
  • Navigate to the 'My Relationship' section.
  • Find the 'Insta EMI Card' section to access balance and other important information.

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Anubhav Dwivedi