EMIs or equated monthly installments allow borrowers to repay their debt in affordable and equal payments over a pre-determined period. Moreover, it is one of the preferred modes of repaying loan amounts as it secures borrowers from paying the entire loan amount in one go.
However, failing to make EMI payments on time can lead to significant financial setbacks, lowering of CIBIL scores, accruing penalties, etc. To help borrowers stay up to date with their loan repayment, the facility of checking Bajaj Finserv EMI payment status through the Experian portal can prove to be handy. Moreover, timely notifications from the portal remind users to make EMI payments on time, boosting the CIBIL score and credit eligibility.
Know different modes to check Bajaj Finserv EMI payment status
To help customers understand and stay updated with their repayment, Bajaj Finserv allows them to check EMI payment status through different modes. They are discussed below –
Using the Bajaj Finserv Customer portal
Bajaj Finserv customer portal – Experian is an all-encompassing portal, allowing one to access loan details, download vital documents, and check the status of EMI payments.
Follow the below-mentioned steps while using this Experian portal:
- Go to the Bajaj Finserv customer portal
- Enter customer ID, email address or mobile number to access this Experian portal
- Now, substantiate the details with OTP sent to the registered mobile number or use password
- Proceed by clicking on ‘Generate OTP’ if one has opted for OTP and click ‘Next’ if one has chosen password
- After verification, head to the ‘Services’ section and click on ‘View details’
- Finally, choose ‘E-statement’ to view the latest EMI payment status
Users can also check other loan details from the e-statement, and further download them as evidence of EMI payment.
Moreover, users can check Bajaj card details, namely card status, validity, remaining balance, used balance and more, from the portal. An individual must assess the status of his/her Bajaj Finserv EMI Network Card before making any purchase.
Using the Bajaj Finserv Experian app
Besides using the Bajaj Finserv customer portal, customers can also take assistance from the dedicated Experia app to check their EMI payment status. Here is step-wise guide that will assist them in doing so:
Step 1: Firstly, download the Bajaj Finserv Experian app on the smartphone from Google Play Store or App Store
Step 2: Now log in using the necessary credentials (registered contact number, Customer ID, etc.)
Step 3: Head to the consumer durables segment and choose the product type for which users want to see the EMI payment status for
Step 4: Navigate to ‘View Details’ and select ‘E-statement’
Step 5: On selecting the e-statement, users can check their Bajaj Finserv EMI payment status, payment record and associated loan details
Apart from enabling customers to check their EMI payment status, this Experian portal also facilitates online EMI payment.
Steps to make EMI payments using the Experian portal
Users can follow the below-mentioned steps to make Bajaj Finserv online payment through this online portal.
Step 1: Log in to the Experian portal using the relevant credentials
Step 2: Now, authenticate these details either with OTP or a password
Step 3: Choose ‘Quick Pay’ and then ‘Online Payment’
Step 4: Head to the ‘EMI and Overdue Payment’ section, provide account number and mention the mode of payment
In addition, the EMI payment can also be done through the Experian mobile application.
Besides knowing how to check EMI payment status and initiate online payments, individuals should also know how they can check Bajaj EMI statements. They can check the EMI statement from this Experian portal.
Process of checking EMI statement through Experian portal
Step 1: Log in to this Experian portal using the customer ID and OTP
Step 2: Now head to the ‘EMI Card’ section and select ‘e-statement’ and get details related to EMIs, including the amount paid, due date, outstanding amount and more
Moreover, customers can download this document for future reference.
To conclude, knowing Bajaj Finserv EMI payment status allows individuals to plan their repayment and manage other financial liabilities effectively. Thus, it helps them sail through the otherwise complicated lending process.