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‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
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Nakul owns a popular bike showroom in the city, selling and servicing bikes. Managing his business finances, loan repayments, and expenses was tough due to his busy schedule. The Bajaj Auto Finance Loan Statement makes it easy for him to stay updated without wasting time.
Nakul says, “The Bajaj Auto Finance Loan Statement is a big help for my business. Instead of worrying about loan details, I get all updates on my phone. This activity helps me manage my money better and focus on growing my showroom.”
Time Saved on Loan Tracking | Worth ₹5,000 per year | No need to visit the bank often |
Avoided Late Fees | Saved ₹3,000 per year | Never missed an EMI |
Prevented Fraud Losses |
With the Bajaj Auto Finance Loan Statement, Nakul saves money, avoids stress, and grows his business smoothly!
Nakul owns a bike showroom and relies on Bajaj Auto Finance for business loans. The loan statement gives him all the important details in one place, helping him track repayments, manage cash flow, and avoid financial mistakes.
Here’s a breakdown of the key components of his Bajaj Auto Finance Loan Statement and how each part benefits his business:
Component | Details | How does it help Nakul? |
Loan Account Details | Loan number Type of loan (e.g., business loan) Lender (Bajaj Auto Finance) | Helps Nakul easily keep track of his loan accounts. If he has multiple loans, he can check each one separately. |
Borrower Details |
No Late Payments – Nakul checks the due date on the statement and pays EMIs on time, avoiding penalties.
Better Cash Flow Planning – By knowing his EMI amount and outstanding balance, he manages his showroom’s finances better.
Early Repayment Savings – If Nakul has extra cash, he can check the outstanding balance and prepay to reduce interest costs.
Loan History for Future Loans – A clear repayment record helps Nakul get new loans faster at lower interest rates when he needs to expand.
Final Benefit for Nakul
With the Bajaj Auto Finance Loan Statement, Nakul saves time, avoids mistakes, and grows his bike showroom business smoothly without financial stress!
Nakul needs his loan statement to track payments, check balances, and manage his bike showroom finances. Here are the easy ways he can get his Bajaj Auto Finance loan statement:
Method | Steps | Why does it help Nakul? |
Net Banking | Log in to Bajaj Auto Finance net banking Go to "Loan Statements" Download PDF | Saves time & fuel (no branch visit) Get the statement anytime, anywhere |
Example: How Checking Loan Statement Saves Nakul Money
Nakul took a ₹5 lakh loan at 12% interest for 3 years. His EMI = ₹16,607.
Yearly Savings = ₹500 x 12 = ₹6,000 (just by avoiding late fees!)
No Late Payments: No penalties
Track EMI & Balance: Better cash flow for the showroom
Plan Prepayment: Save interest cost
Easy Loan Renewal: Good repayment history = faster approvals
Final Benefit: Nakul saves money & time, so he can focus on growing his bike business!
Step-by-Step Guide to Download a Loan Statement
Nakul needs his loan statement to track EMIs, check balances, and manage the finances of his bike showroom. Here’s how he can easily download it:
Method | Step-by-Step Process | Benefits for Nakul |
Net Banking | 1. Go to the Bajaj Auto Finance website 2. Login with username & password 3. Click on "Loan Account" >"View Statement" 4. Select date & download PDF | 24/7 access from laptop/PC Saves ₹200/month (fuel & time saved vs branch visit) |
Example: How Downloading Statement Saves Nakul Money
Nakul has a ₹5 lakh loan at 12% interest (EMI = ₹16,607/month).
Extra Benefit: By tracking statements, Nakul prepaid ₹50,000 early > Saved ₹6,000 interest!
Avoid Late Fees: Save ₹500-1,000/month
Plan Finances: Know exact EMI dates for cash flow
Early Repayment: Reduce interest costs
Loan History Proof: Helps get new loans faster
Final Result: Nakul saves ₹7,500+ yearly just by downloading his loan statement regularly!
(All numbers based on example calculations for ₹5 lakh loan over 3 years)
Fees and Charges for Loan Statement
Nakul needs to know about any fees for his loan statements to avoid extra costs and manage his bike showroom finances better. Here’s a simple breakdown:
Service | Charges | How Nakul Can Avoid Fees | Savings for Nakul |
Email/SMS Statement (Auto-generated) | FREE | No action needed – automatic updates | Saves ₹240/year (vs. physical copies) |
Example: How Nakul Saves Money
Nakul’s Yearly Savings if he uses FREE methods only:
Total Savings = ₹2,200/year
Key Takeaways for Nakul
Always use app/email: Zero cost
Avoid branch/courier: Save ₹100-200 per request
Final Tip: By checking his loan statement for free on the Bajaj Auto Finance app, Nakul saves money and runs his bike business smarter!
Nakul can easily track his bike showroom loan by understanding his loan statement. Here’s a simple breakdown:
Sections | What does it show? | Why is it helpful, Nakul? | Example/Savings |
Loan Account Summary | Loan amount, interest rate, tenure | Knows exact loan details | ₹5 lakh loan @12% for 3 years |
Caught wrong charges early |
Better Loan Terms | Earned ₹10,000 per year | Good repayment history helped |
Nakul’s name
Showroom address
Contact details
Ensures all details are correct. If there’s an issue, he can quickly contact Bajaj Auto Finance. |
Loan Summary | Principal amount (₹5 lakh) Interest rate (12% p.a.) Tenure (3 years) | Helps Nakul plan his finances, he knows exactly how much he borrowed, the interest cost, and when the loan will be repaid. |
Repayment Schedule | EMI amount (₹16,607) Due date (5th of every month) Breakup (Principal + Interest) | Nakul never misses a payment because he knows the exact due date. He also sees how much principal vs. interest he’s paying. |
Outstanding Balance | Remaining loan amount (₹2.8 lakh) Prepayment options (if any) | Helps Nakul decide if he can repay early to save on interest. He can also check how much loan is left before expanding his showroom. |
Mobile App
Open Bajaj Auto Finance app Go to "My Loans" View/Download statement |
Instant access on phone Get EMI reminders & alerts |
Bank/NBFC Branch | Visit the Bajaj Auto Finance branch Submit a request at the counter Get a printed statement | Good for Nakul if he prefers physical copy Can discuss loan queries with bank staff |
Customer Care | Call Bajaj Auto Finance helpline Request statement via email/SMS | Helpful if Nakul has no internet Quick service without login |
Email/SMS | Check registered email/SMS for auto-generated statement | No effort needed – statement comes automatically Keeps records organised |
Mobile App
1. Open Bajaj Auto Finance app 2. Login with MPIN/OTP 3. Tap "My Loans" > "Loan Statement" 4. Download/share instantly |
Fastest method (takes 1 minute) EMI reminders prevent late fees (saves ₹500/month) |
Offline Request | 1. Visit the nearest Bajaj Auto Finance branch 2. Submit ID proof & loan details 3. Get a printed statement at the counter | Helpful if Nakul needs a stamped copy Can discuss loan queries face-to-face |
Download via App/Net Banking
FREE |
Download PDF anytime from phone/laptop |
Saves ₹600/year (no branch visits) |
Duplicate Statement at Branch | ₹100 per copy | Download online for free | Saves ₹1,200/year (if avoids 12 branch visits) |
Urgent Statement Request | ₹200 per copy | Plan with regular downloads | Saves ₹2,400/year (if avoids 12 urgent requests) |
Physical Statement by Courier | ₹50 per copy | Use email/app instead | Saves ₹600/year (if avoids 12 courier mails) |
*T&C Apply
EMI Due Date
Payment date every month |
Never misses EMI, avoids ₹500 late fee |
Saves ₹6,000/year |
EMI Breakdown | Principal + Interest paid | Tracks how much the loan is reducing | ₹16,607 EMI (₹14k principal + ₹2.6k interest) |
Outstanding Balance | Remaining loan amount | Plans prepayment to save interest | ₹3 lakh left? Pay extra to save ₹18,000 interest |
Last Payment | Last EMI paid | Confirms payment is recorded | Checks if ₹16,607 paid on 5th Oct |
Charges/Fees | Late fees, processing fees | Avoids extra costs | ₹0 fees if paid on time |
Example: How Reading Statement Saves Nakul Money
Total Savings = ₹16,000/year
Simple Tips for Nakul
Final Benefit: By reading his loan statement carefully, Nakul saves money and grows his bike business without stress!
(Numbers based on ₹5 lakh loan @ 12% for 3 years. Actual savings may vary.)
Nakul sometimes faces problems with his Bajaj Auto Finance loan statement. Here's how he can fix them easily:
Problem | Why it Happen | Solution | How does it help Nakul? |
Missing EMI Payment | Forgot due date | Set phone reminders from the app | Avoids ₹500 late fee each time (Saves ₹6,000/year) |
Wrong Interest Charged | Bank calculation error | Call customer care immediately | Saved ₹2,500 last year when wrong interest was charged |
Statement Not Received | Email/SMS not working | Download from the app or net banking | Get statement instantly (Saves ₹100 branch visit fee) |
EMI Amount Changed | Interest rate revised | Check the latest statement carefully | Found out EMI increased by ₹300 and adjusted the budget |
Prepayment Not Showing | Takes 2-3 days to update | Wait or call the helpline | ₹50,000 prepayment saved ₹7,500 interest |
Old Loan Still Showing | The system takes time to clear | Wait 7 days after the final payment | Got ₹5,000 refund when extra payment was found |
By solving these small issues quickly, Nakul can focus on his bike showroom business without loan worries! (All amounts based on ₹5 lakh loan example)
For Nakul, the Bajaj Auto Finance loan statement is like a powerful tool that helps him grow his bike showroom business smoothly. By checking his statement regularly, he saves money (up to ₹24,000/year) by avoiding late fees, catching errors, and planning prepayments. He saves time by tracking EMIs on his phone instead of visiting the bank.
Also Read - Bajaj Finance Loan Statement – How to View & Download Online
Most importantly, the clear loan details help him make smart decisions, like when to expand his showroom or buy more stock. With easy access via app, email, or SMS, Nakul stays in control of his loan 24/7. This means less stress about money and more focus on growing his business successfully. The loan statement keeps everything organised so Nakul can ride towards bigger profits!
Q: How can I get my Bajaj Auto Finance loan statement?
A: Download it free via the Bajaj Auto Finance app, net banking, or request via email/customer care.
Q: Is there any charge for the loan statement?
A: Digital statements are free; physical copies may have courier charges (₹50 per copy).
Q: How often is the loan statement updated?
A: It updates in real-time after every transaction or EMI payment.
Q: Can I get a loan statement if I miss an EMI?
A: Yes, but it will show overdue payment with late fees (₹500 per missed EMI).
Q: How do I check my outstanding loan balance?
A: Open your loan statement – the "Outstanding Balance" section shows the remaining amount.
Q: What if my loan statement shows wrong details?
A: Contact Bajaj Auto Finance customer care immediately to correct errors.
Q: Can I prepay my loan after checking the statement?
A: Yes, the statement shows prepayment options to save interest costs.
Q: Why didn’t I receive my monthly loan statement?
A: Check your spam folder or update your contact details in your Bajaj Auto Finance account.
Q: How can I download past loan statements?
A: Log in to the app/net banking and select previous months/years for download.
Q: Does the loan statement show my repayment history?
A: Yes, it tracks all paid EMIs, helping you maintain a good credit score.
Bank Statement Pages | |||
