Bajaj Finance Loan Statement – How to View & Download Online

Bajaj Finance Limited is one of India's largest non-banking financial companies (NBFCs), It offers a wide range of financial products, including personal loans, business loans, home loans, and consumer durable loans. Bajaj Finance, known for its speedy loan approvals, flexible repayment options, and clear loan statements, ensures that consumers can simply manage their obligations. 

The Bajaj Finance Loan Statement, which provides a detailed summary of your loan journey, is one of the most useful products the company provides.

Understanding Loan Statements with an Example

Rajesh, a young businessman from Pune, acquired a ₹10,000,000 business loan from Bajaj Finance for 4 years (48 months) at an annual interest rate of 12%.  He wanted to know how much of his EMIs went towards principal repayment versus interest six months into his loan term.

Rajesh saw the following after examining his loan statement:

This one document gave Rajesh a clear picture of his remaining loan balance, interest payments, and future EMI commitments, allowing him to create an early repayment strategy.

Why Is Your Bajaj Finance Loan Statement Important?

Your loan statement is an effective financial instrument that offers:

1. Complete loan summary: sanctioned amount, tenure, and EMI schedule.
2. Payment breakdown: Principal vs. interest paid so far.
3. Outstanding balance - Allows you to prepare for prepayments.
4. Foreclosure insights: Discover how early closure might save you money on interest.

Components of a Loan Statement

Here’s a well-structured table to help understand the components of a Bajaj Finance Loan Statement clearly:

The table above clearly outlines what you'll find in a Bajaj Finance loan Statement, making it easier to track and manage the loans you have effectively.

How to Get a Loan Statement?

Managing your loan properly necessitates regular review of loan statements. Whether you need it for financial planning, tax purposes, or simply to follow your repayment progress, Bajaj Finance provides several handy methods to obtain your loan statement. In this comprehensive tutorial, we'll walk you through all of the various techniques, including specific procedures and real-life examples from Rajesh, who recently acquired his loan statement through these means.

Why Do You Need Your Loan Statement Regularly?

Before we go into the how-to, let's explain why keeping track of your loan statement is so important:

• EMI Tracking: Monitor your monthly payments and due dates.
• Tax Benefits: Claim interest deductions with the right documentation.
• Loan Closure: Verify Your Outstanding Balance for Prepayment.
• Dispute Resolution: Identify and resolve any inconsistencies.
• Financial Planning: Improve your total finances.

Detailed Methods to Get Your Bajaj Finance Loan Statement

1. Via Net Banking

Steps:

1. Visit Bajaj Finserv Net Banking
2. Log in using your credentials.
3. Go to the 'Loans' section.
4. Select your active loan account.
5. Click on 'View Statement'.
6. Download and print as needed.

For example, Rajesh needed his loan statement to file his taxes.  He entered into his net banking account, accessed his personal loan information, and downloaded the statement in PDF format in minutes.

2. Through the Mobile Banking App

Steps:

1. Open the Bajaj Finserv App
2. Log in using a phone number or credentials.
3. Go to the 'My Loans' section.
4. Select the active loan.
5. Tap on the 'Loan Statement'
6. Save or share this statement.

For example, when travelling, Rajesh recalled that he needed his loan information. He promptly opened the Bajaj Finserv app on his smartphone and accessed his entire loan statement on the spot.

3. Visit a bank or NBFC branch. 

Steps:

1. Locate the nearest Bajaj Finance branch.
2. Carry your loan account information and appropriate ID proof.
3. Request a loan statement at the customer service desk.
4. Collect the printed statement.

For example, Rajesh wanted physical copies of his records. He went to his local Bajaj Finance branch with his loan information and ID verification, and he received a printed statement instantly.

4. Via Customer Care Request

Steps:

1. Contact Bajaj Finance Customer Care at +918698010101.
2. Verify your identity and loan details.
3. Request statement delivery via email or SMS.
4. Receive the statement within 24 hours.

Example- When Rajesh was unable to access his online account, he simply called customer service, verified his information, and received his statement by email the same day.

5. Through Email/SMS Services

Steps:

1. Email loanservicing@bajajfinserv.in with your loan details
2. OR SMS "STAT <Loan Account Last 4 Digits>" to 9215676767
3. Receive a statement on registered email/mobile

For example, Rajesh sent a simple SMS with his loan information and received his comprehensive statement immediately on his registered mobile number.

Pro Tips for Easier Loan Statement Access

1. Maintain your registered email address and mobile number up to date throughout the instances.
2. Store digital copies in a secure folder for future reference.
3. Set a reminder to check your statement monthly.
4. Contact customer service immediately if there are any issues.

Step-by-Step Guide to Download a Loan Statement

Accessing your loan statement is easy with Bajaj Finance. Here's a simple instruction to help you download it using several methods.

Method 1: Download via Net Banking

1. Visit the Bajaj Finserv Net Banking portal
2. Log in with your customer ID and password.
3. Go to the "Loans" section visible on the dashboard.
4. Select your active loan account.
5. Click either "View Statement" or "Download Statement."
6. Select your preferred date range (if required).
7. Download the statement in Excel or PDF format.

Method 2: Download via Mobile App

1. Install the Bajaj Finserv App from:
   • Google Play Store
   • Apple App Store
2. Log in with your registered phone number and MPIN.
3. Tap "My Loans" on the home screen.
4. Select a loan account.
5. Click on the "Loan Statement"
6. Select the duration (last 6 months, one year, or custom range).
7. Download or email the statement for your record.

Method 3: Offline Request (Branch/Customer Care/Email)

Option A: Visit a Bajaj Finance Branch

1. Find your nearest branch using the Branch Locator
2. Carry your loan account information and a valid ID proof (Aadhaar/PAN)
3. Request a loan statement from the customer service desk
4. Collect the printed copy immediately

Option B: Call Customer Care

1. Dial +918698010101 (toll-free)
2. Verify your loan account number and registered mobile number
3. Request that the statement be sent via email (within 24 hours) or SMS (instant mini-statement)

Option C: Email Request

1. Send an email to loanservicing@bajajfinserv.in with:
   
   
   • Subject Line: "Request for Loan Statement"
   • Body: Loan account number, registered mobile number, and email ID
     
     
2. Receive the PDF statement via email in 1-2 working days

What do you think? Which Method Should You Choose?

• For instant access: Use the Mobile App
• For detailed history: Use Net Banking
• For physical copies: Visit a branch
• Without internet: Call Customer Care

Important Notes

• Keep your registered mobile number and email address updated for easy access.
• Keep or print statements for future reference and tax purposes.
• Regularly analyse statements to track repayments and interest details.

Charges & Fees for Loan Statements

Note:

• Charges are indicative and subject to change
• Digital methods remain free and recommended
• Before getting physical statements, contact customer service to confirm the exact fees.

How to Read Your Loan Statement?

How to Use This Table

1. Locate each section in your statement
2. Match the details with your records
3. Verify calculations for accuracy
4. Note any discrepancies for follow-up
5. Keep for reference in financial planning

Common Issues & Troubleshooting

Conclusion

The Bajaj Finance loan statement is your financial roadmap, outlining each EMI, interest charge, and outstanding balance. Understanding its components, such as the principal/interest split, transaction history, and prepayment alternatives, allows you to acquire control over loan management. Regular assessments assure accuracy, identify savings possibilities, and preserve good credit health. 

Digital access is more convenient, yet physical copies serve as crucial records. Any irregularities should be reported immediately to customer service (1800-102-3322) or in person at a branch. Staying informed through your statement changes you from a borrower to a smart financial manager, maximising repayments and benefits.

Frequently Asked Questions (FAQs)

How can I download my loan statement offline?

Visit any Bajaj Finance branch with your loan account details and ID proof to request a physical copy.

Are there extra charges for urgent statement requests?

Standard requests are free, but rush delivery via courier may incur ₹100-200 charges.

When will my recent payment reflect in the statement?

Payments take 24-48 hours to process before appearing in your updated statement.

What if my statement shows an EMI bounce?

Check your bank account for insufficient funds and pay any penalty charges immediately.

Can I get statements for a closed loan account?

Yes, closed account statements are available for up to 7 years upon request.

Where can I find foreclosure details in my statement?

The "Loan Closure" section shows your final settlement amount and any applicable charges.

Why does my statement show two different interest rates?

This occurs if your loan has both fixed and floating rate components.

How do I change my statement delivery method?

Update your preference in the app under 'Profile Settings' > 'Communication Preferences'.

What should I do if my statement has missing transactions?

Submit your payment proofs via email to loanservicing@bajajfinserv.in for reconciliation.

How can I use my statement to improve my credit score?

Regular, timely payments reflected in your statement positively impact your credit history.

Where can I find the GST breakdown in charges?

All applicable taxes are itemised separately in the "Fees and Charges" section.

Why does my statement show a future due date?

This indicates your next upcoming EMI payment for planning.

How do I verify if my prepayment was adjusted correctly?

Check both the "Principal Outstanding" reduction and the next EMI due date adjustment.

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About the Author

LoansJagat Team

We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?