Bajaj Finance planning to waive EMI bounce charges for auto loan customers in Maharashtra
11th Sep 2020

Bajaj Finance is planning to waive EMI bounce charges for the coronavirus pandemic period from March to September for its auto loan customers in Maharashtra. The company will waive 50 per cent of the EMI bounce and other overdue charges between March and August, and waive off the remaining 50 per cent as well if a customer remits the equated-monthly instalment (EMI) for September, October and November by due date.

The move will benefit 1.19 lakh customers in total and added that the charges were being levied as per agreed loan conditions.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.