Speaking with CNBC-TV18 in an interview, Bajaj said, “I fully support what Deepak Parekh has said. Read out the terms & conditions of Bajaj Auto Finance (BFL) on Covid-19 moratorium. Bajaj Finserv Moratorium Do not share OTPs with anyone posing as representative of Bajaj Finance.
If you are now opting for a moratorium, your loan tenor will be increased. For No Cost EMI loans & consumer durable loans,the upfront interest applicable is borne by the dealer/retailer at the time of purchase and is shared in your statement of account. Bajaj Finserv managing director Sanjiv Bajaj on Wednesday extended support to HDFC chief Deepak Parekh’s view that the Reserve Bank of India should not extend the loan moratorium. Is Bajaj Finance Ltd (BFL) offering moratorium to its customers? It's peer firm, Bajaj Finserv, too, was trading 5 per cent higher at Rs 6,626.25 apiece after hitting an intra-day high of Rs 6,630. • Customers who raise a request for opting for EMI moratorium before 26th of the month, prior to month in which EMI will be getting debited from their bank account, will not be levied any EMI bounce charges.Connect with us on social media and stay updated for our latest news and offers • Customers who raise a request for opting for EMI moratorium before 26th of the month, prior to month in which EMI will be getting debited from their bank account, will not be levied any EMI bounce charges.For the EMI months in which moratorium has been offered, BFL shall not be levying any late payment charges. Bajaj Finserv owns a 52.82% stake in Bajaj Finance, as well as a 74% stake each in insurers Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance. To become eligible for moratorium, customers should have no more than 2-EMIs overdue in any of their loans as of February 29, 2020. In this case, since the customer opted Moratorium from April to Aug EMIs, the customer will have to clear the 3 EMIs in the months of September, October & November without any bounce to become eligible for the offer.For No Cost EMI loans & consumer durable loans,the upfront interest applicable is borne by the dealer/retailer at the time of purchase and is shared in your statement of account.
You need to give seperate requests to avail moratorium for each of your active loans. © 2019 Bajaj Finance Limited. Bajaj Finserv’s Covid Relief Moratorium for June, July & Aug: Check FAQs June 2, 2020 In accordance with Reserve Bank of India’s latest guidelines on granting repayment deferment/ loan moratorium to customers, Bajaj Finserv has announced extension of COVID relief moratorium by another three months i.e. You must provide details of your loan account numbers and confirmation that you are ready to bear the cost of applicable interest for the period of moratorium • If you avail the EMI moratorium, there will be a levy of interest at the contracted rate of the loan for the period of EMI moratorium on the loan outstanding. Thus, it helped you to pay the product price in instalments instead of a lump-sum amount. Stay safe, avoid frauds. We will continue to bank your repayment instructions.Opting for the Moratorium is entirely the customers’ choice and subject to Company’s moratorium policy.
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