My Bajaj personal loan EMI is due this month, but I’m facing a tough financial situation. I’ve been making payments regularly for the past two years. Is there a way I can get a 6-month extension on my EMI payments?

Apni Law
Apni Law
Law Forum › Category: Banking / Finance › My Bajaj personal loan EMI is due this month, but I’m facing a tough financial situation. I’ve been making payments regularly for the past two years. Is there a way I can get a 6-month extension on my EMI payments?
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Apni Law Staff asked 2 years ago

My Bajaj personal loan EMI is due this month, but I’m facing a tough financial situation. I’ve been making payments regularly for the past two years. Is there a way I can get a 6-month extension on my EMI payments?

1 Answers
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Best Answer

Apni Law Staff answered 2 years ago

Under Indian law, there is no specific provision for automatic EMI extensions. You can request a temporary payment plan or deferment from Bajaj Finance, but it’s entirely at their discretion. They may consider your past payment history and present financial situation.

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