How To Pay Personal Loan Emis In My Account – Bajaj Finance Customer Portal

The majority of people now associate personal loans with daily life. Personal loans are the simplest method to finance your requirements and can be used for multiple expenses such as higher education, travel or medical expenses. Nowadays, getting a personal loan is relatively easy with My Account. You can apply from the convenience of your home, complete the necessary paperwork, and submit it.

However, it is extremely easy to avail of a personal loan but managing its repayment is challenging. While you are repaying a loan, you should stay updated with your upcoming EMIs and their due date. This helps you plan your personal loan repayment efficiently.

Bajaj Finance offers you a personal loan that comes with simple eligibility criteria and minimal paperwork. If you have opted for a personal loan from Bajaj Finance, online payment of your loan is easy with the customer portal – My Account.

Usually, you repay a personal loan in small monthly installments that get deducted from your registered bank account on a pre-set date. These EMIs usually consist of the principal and the interest amount. However, Bajaj Finance online payment methods that allows you to repay your personal loan faster and more efficiently. You can explore these options in My Account – Bajaj Finance customer portal and manage your personal loan repayment easily.

4 online payment options are available in My Account for your personal loan repayment:

Advance EMI

In case you have surplus funds, and you have a fear of missing your due date, you can pay your personal loan EMI in advance that too before its due date. For example: If your EMI due date is the 2nd of June but you are facing some technical issues with your bank account. You can use the option to pay your EMI in advance on May 20. This advance payment of your instalment will get adjusted against your loan account which means your regular EMI will not get deducted from your bank account.

Part-prepay your personal loan

If you have surplus funds, you can use them to pay a part of your loan ahead the schedule. Part-prepaying your loan helps in reducing the overall tenure and/ or your EMI amount. This payment option helps you in repaying your personal loan faster and become debt-free early. There might be some additional charges involved when you part-prepay your loan.

Foreclose your loan

With the foreclosure option, you have the facility to close your entire outstanding loan in one go ahead of the tenure and become debt-free faster. In case you have surplus funds, you can close your outstanding loan in one single EMI. However, you might be asked to pay additional foreclosure charges.

Overdue EMI

In case you have missed paying your monthly instalments on the due date, you can clear your overdue instalment by visiting Bajaj Finance My Account customer portal. However, when you clear your overdue installments, you might be asked to pay additional penal charges that are applicable in case of EMI default.

Making online payments towards your personal loan account is easy and simple in My Account – Bajaj Finance customer portal. You can follow the steps given below and make payment in an end-to-end online process:

• Go to the customer portal – My Account and enter your mobile number and date of birth to sign-in.
• Select the loan account for which you want to make payment from the ‘My Relations’ section.
• Click on the ‘Make Payment’ option from the ‘Quick Actions’ section.
• Select the payment option from the list and proceed
• Enter the required details, review the additional charges if there are any and proceed to pay using our secured payment getaway.

You can also explore other features such as downloading the account statement and other related documents, checking loan details or managing your profile information by visiting My Account – Bajaj Finance customer portal.

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