Statement of account, in short, SOA, gives borrowers a detailed report of their loan transactions. This record entails information such as the remaining loan balance, paid EMIs, the due date of repayment etc. Individuals require this record to know and track their borrowing activities. However, without knowing the procedures to download Bajaj Finserv SOA, it can be difficult for individuals to trace their loan recovery progress.
Procedures to download Bajaj Finserv SOA
Here is a stepwise guideline to assist individuals in generating this vital document from this online platform:
1: Visit the Bajaj Finserv Customer Portal–Experia
2: Enter user credentials to log in to the page
3: Select the option titled “Services”
4: Go to the option of loan types. Tap on the menu showing “View Details”
5: Click on the option showing “E-statements”
6: Download the statement of account
This way, customers can get their Bajaj Finserv loan repayment statement quickly from the Experia portal.
All the details entailed in SOA Bajaj Finserv
Following are some of the essential details mentioned in this record:
Rate of interest
Borrowers can see the applicable interest rate on EMI from this document. Individuals may skip checking this rate if the loan is taken at a fixed rate of interest. However, as this applicable interest rate keeps on changing in floating-rate loans, borrowers must track them frequently.
This statement of account reflects the schedules and payable amount of the EMIs. Further, individuals can also get reports about previous paid EMIs, such as payment dates transaction information. So, by tracking this status, they can stay alert and repay their dues timely to avoid penalties. Also, once this repayment is complete, one will get an NDC from Bajaj Finserv as a proof of repayment.
Pending loan balance
This statement account reflects the outstanding loan amount of borrowers. The outstanding loan balance decreases as individuals continue their repayment. So, they can download this record to verify their EMI payments and check the reduction of the remaining loan amount.
The Bajaj Finserv Customer Portal–Experia gives a smooth and user-friendly interface that increases the ease of use. Additionally, borrowers can easily get different services like downloading SOA. However, it is important to stay informed about all other services, in case one needs them later.
Different services available in the Experia portal of Bajaj Finserv NBFC
Following are some of the easy solutions that this customer portal of Bajaj Finserv provides:
- Paying off EMIs
Borrowers can quickly check and pay off their dues using this customer portal. They just need to log in to Experia with their user credentials and go to the option titled “Online Payment”. Apart from repaying the EMIs on its schedule, this platform enables individuals to part-repay or foreclose their payable debt amount.
- Checking Bajaj Finserv EMI Network Card status
Individuals can also access the present status of their Bajaj Finserv EMI Network Card through this platform. For this, they need to enter the section titled “EMI Network Card” under the option “My Relationship”. From this section, they can also block and unblock this card if necessary.
- Downloading important documents
Apart from downloading the Bajaj finance statement, the Experia portal enables borrowers to download important loan-related documents. For example, they can download Bajaj Finserv NDC, interest certificates, etc., from this platform.
- Availing pre-approved offers
Existing customers can also check pre-approved offers on various loans specially tailored for them. To view these exclusive offers, they just need to share essential details like their names, phone numbers, and contact details.
- Updating contact information
It is essential to keep lending institutions informed about any changes in address and contact details. Further, there may be unsolicited errors like spelling mistakes and incorrect information. Individuals can easily rectify or update these details through this Experia customer portal of Bajaj Finserv.
In conclusion, it becomes easier for individuals to generate their Bajaj Finserv SOA from the Experia portal. This is because they can do it without physically visiting the branches of the lender. Other than this, they can also avail several other necessary services from this online platform that improves their overall borrowing experience.
Read More – Know-How to Check a Personal Loan Statement