How to make online payments using the Bajaj My Account Portal?

If you are an existing borrower of any advance facility from Bajaj Finserv, paying your loan EMIs is simple, thanks to the My Account portal. This online platform enables various functionalities, such as checking your loan statement and other details, besides the payment of EMIs. 

Nevertheless, before you can begin using this particular portal for such services, you need to complete a sign in to your account. Existing Bajaj Finserv network members should be able to complete the sign-in in a few simple steps. 

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The process to sign in to the Bajaj My Account portal

Every individual with an account on My Account will be given access to a unique customer ID that can be utilised to access financial details and avail other services. One can thus utilise this ID to access the online portal conveniently. To proceed with Bajaj Finserv online payment, visit the Bajaj My Account portal and provide your customer ID. Clicking on ‘Next’ will take you to the stage of OTP verification.

An OTP will hence be texted to your registered phone number. Enter this code and click on ‘Submit’ to complete the signing-in procedure. 

Steps to follow for Bajaj online payment

After accessing your Bajaj Finserv My Account account, you would need to follow these steps mentioned below to pay your dues – 

Step 1: Look for an option marked ‘Account Information’ and click on it. 

Step 2: Choose the ‘Online Payment’ option next.

Step 3: Find an option marked ‘EMI and Overdue Payment’ and select it.

Step 4: Enter the necessary details on the resulting payment gateway page to complete your transaction.

As you can see, such online payment of EMIs reduces the hassle of visiting a branch physically to clear dues. To further simplify your access to such payment mechanism, the Bajaj Finserv My Account app for your phone ensures you can reach for all your loan and insurance-related information at the tip of your fingers. Such an app also does away with the need to sign in every time you wish to pay or check credit details.

Besides allowing a simple process of Bajaj Finance payment, this application or portal can be highly beneficial for other uses as well.

Benefits and features of the Bajaj Finserv My Account portal

  • Ensures efficient and convenient management of debt

Rather than having to spend considerable time at the physical branch of your lender, such an online portal enables you to keep track of existing dues. At any time, one can open this platform and look at the number of EMIs paid and the EMIs remaining due for the agreed tenure. Further, users can access additional details, such as the rate of interest, tenure, and more.

  • Buying products directly from this portal

Access to this My Account portal allows you to purchase some products directly on no-cost financing. Thus, you do not need to go to third-party websites or to brick and mortar stores to search for these items. Thus, apart from Bajaj EMI payment, you can also buy other products on EMI through your My Account application.

  • Simple interface to understand and use

Even new customers can quickly grasp the various sections and features of this portal, which ensures convenient use. 

  • Assessing pre-payment and foreclosure expenses

Besides the Bajaj Finance EMI payments services, this portal also allows users to prepay their dues or foreclose their loan account if they have the necessary financial backing. One can also open the application and browse to understand the various penalties or fees associated with these moves, thereby making an informed decision.

You can also check pre-approved offers, which aid in determining the maximum principal amount available to you for a particular loan. 

Pre-approved offers ensure speedy and convenient loan applications. These are available on a range of financial products, including personal loans, business loans, and more. You can check your pre-approved offer on My Account easily with your essential contact details.

These facilities make the My Account platform indispensable for Bajaj Finserv customers. You can also install the application on your handset for easier access at any time and from anywhere to track your loan status and browse through available financing options.

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