Bajaj Finserv is among the most diversified lenders in India and provides quality products and services. This high standard applies to both its product offerings and customer care, thereby giving you the best experience. However, you may have certain questions and doubts. To address them, read the commonly asked questions about Bajaj Finserv.
Is Bajaj Finserv a bank?
Bajaj Finservisn’t a bank.It’s a non-banking financial company (NBFC). As per the RBI, an NBFC engages in the business of lending via loans or advances, or in the acquisition of securities. Similarly, companies whose principal business is receiving deposits, in either lump sums or instalments, also qualify as NBFCs.
Is Bajaj Finance and Bajaj Finserv same?
No, Bajaj Finance Limited is asubsidiary and the lending arm of Bajaj Finserv. It deals in consumer finance, commercial lending, and wealth management.
Is a Bajaj Finserv loan safe?
Yes, a Bajaj Finserv loan is a safe loan to borrow as Bajaj Finserv follows strictlending guidelines. Bajaj Finserv offers ample features through its secured and unsecuredofferings and doesn’t levy any hidden charges.
How can I get a loan from Bajaj Finserv?
To borrow Bajaj Finserv Loans you must meet the eligibility criteria and submit the necessary documents.The process of securing a loan from Bajaj Finserv is very easy and can even be done online from the comfort of your home.
What is a Bajaj Finserv pre-approved loan offer?
Bajaj Finserv offers pre-approved loans to customers who are looking forinstant, personalised financing. For example, with a pre-approved offer, salaried and professional applicants can the funds they need in a hassle-free, expedited manner.
Additional Read:How to log in to My Account - Bajaj Finance customer portal
How can I talk to a Bajaj Finserv executive?
To speak with aBajaj Finserv customer care executive, simply call 08698010101 and voice your query.
How can I contact Bajaj Finserv customer care?
To get assistance you can call 08698010101 - our toll-free number. You can also visit a branch near you or write an email to wecare@bajajfinserv.in and connect with our customer care services.
FAQs
Customer care number: Call on +91 8698010101 and get assistance. Website - https://www.bajajfinserv.in/reach-us. If your query is not resolved, please email us at grievanceredressalteam@bajajfinserv.in.
Why is Amazon not accepting Bajaj Finserv? ›
What is the reason? Basis the directive received from Reserve Bank of India (“RBI”) vide its Press Release No. 2023-2024/ 1295 dated November 15, 2023 (“Press Release”), Bajaj Finance Limited has temporarily suspended sanction and disbursal of new loans under 'Ecommerce' like Amazon, Flipkart, MakeMyTrip, etc.
Can I stop Bajaj EMI for 3 months? ›
Bajaj Finance Limited EMI moratorium
Borrowers aren't required to make EMI payments for a specific period, but the interest accrued on the loan for this period isn't waived. The repayment of the deferred EMIs, along with the accrued interest, needs to be made by individuals when the repayment period resumes.
How much credit score required for Bajaj Finance? ›
While the minimum CIBIL Score required for the Bajaj Finserv Insta EMI Card is 720, you should aim to fortify your creditworthiness by aiming for a score of 750 or more. The general consensus among lenders is that a score within the range of 750–900 is excellent.
Who is the owner of Bajaj Finserv? ›
What happens if Bajaj EMI is not paid? ›
We may levy Bounce Charges, or Late Payment charges, if a borrower's EMI payments are irregular, as per our discretion. To know more about the applicability of these charges, click here. Borrowers should be cautious about avoiding this fee, as delayed payments can have a considerable impact on their CIBIL score. 4.
Is the Bajaj EMI card banned by the RBI? ›
RBI lifts the restrictions
On May 2nd, 2024, Bajaj Finance announced that the RBI had lifted the restrictions on their Insta EMI Card and eCOM platform.
Why is Bajaj Finserv online not working? ›
It is possible that your Bajaj EMI card may not be eligible for online transactions due to a variety of reasons. It could be that the card has expired, or that the card has been blocked due to suspicious activity. It is also possible that the card may not be enabled for online transactions.
What will happen if I delay my Bajaj Finance EMI for 1 day? ›
a. Penal Charge: Any payment default shall attract penal charge of Rs. 36 per day for period of such delay from the respective due date and continue to apply until the date of receipt of amounts under the said default.
What happens if I don't pay EMI for 3 months? ›
Delayed EMI payments often result in lenders levying additional interest, thus increasing the overall cost of your loan. The interest keeps compounding with every delayed or unpaid EMI.
If you're alert, cross-check the details and opt for known financial institutions. This way, you will be safe. The pre-approved offers from Bajaj Finserv on their loans and other financial services make getting a personal loan safe, easy, quick, and convenient.
Can I pay 3 months EMI at once? ›
Yes, you can settle all EMIs of your credit card in one payment by opting for foreclosure. This involves paying the remaining principal and any applicable interest or fees, which allows you to clear the outstanding balance in one go.
Can I get a $15,000 loan with a 650 credit score? ›
Requirements for a $15,000 Personal Loan
In many cases, you'll need a good credit score of 670 or above to apply.
Is Bajaj Finserv worth it? ›
Bajaj Finserv has low foreclosure and pre-payment charges that make this step affordable. You have to only ensure that the part pre-payment amount is greater than the value of one EMI. Fast approval, a high loan amount and flexible repayment modes make a personal loan from Bajaj Finserv better than the rest.
What is Bajaj Finserv limit? ›
Enter Your OTP
The maximum limit of up to ₹3 Lakhs on the Bajaj Finserv EMI Network Card allows you to convert purchases into affordable instalments. This limit depends on several factors but you can get an increase at a nominal charge.
How do I check my Bajaj loan status? ›
- Download and install the app on to your smartphone from the App Store.
- Select the correct customer profile - that is a new customer or existing customer.
- Next, choose if you are self-employed or salaried.
- From the options available, choose 'personal loan'.
- Click on “view application status” to track your application.
How to block promotional calls and messages from Bajaj Finance Limited? You can raise a request with us on our customer portal – My Account and stop receiving promotional calls from Bajaj Finance. You can sign-in to our customer portal, select 'Promotional Calls' as your query type and submit your request.
How to close Bajaj Finserv EMI card permanently? ›
To close your Bajaj Finserv Insta EMI Network Card, follow a simple process. You can choose to close the card online through the Bajaj Finserv website or mobile app, or offline by visiting a Bajaj Finserv branch. Additionally, you can call the customer care helpline or send a written email to request the closure.
