Mr. Nikhil Shah, D.G.M. - Loan Portfolio - NJ Group
Mr. Nikhil has over 24 years of corporate experience in diverse areas of product development, marketing and distribution . He also has prior experience in reviving sick units and was a visiting faculty to management institutes. Nikhil joined NJ three and half years back and is responsible for developing the loan business at NJ. Nikhil is a BE in Industrial Engineering and is an MBA in Marketing.
Q . Is LAS( Loan Agianst Securities) facility restarted for E Wealth Customer. ?
Answer: Happy to inform you that the LAS facility is restarted for the E Wealth customer. The LAS is available in form of Term loan from NJ Capital and in form of Flexi loan from Bajaj Finserv.
Q . How can one apply for LAS?
Answer: Process of application is completely digital. We are not accepting the LAS application in physical format.
Application for NJ Capital LAS has to be made from E Wealth account.
Application for Bajaj Finserv has also to be made from E Wealth account but in additon Partner initiated loan option is also available. In case of partner initiated loan application Client has to authorize it and complete the process of E Sign of agreement and pledge request form.
Q . Who can apply for the loan through E Wealth account?
Answer: Currently only Individual E Wealth holder can apply for the loan. Facility is not open for Non Individuals.
NJ Capital Term loan is available for Single and Multiple holding on E Wealth account.
For Bajaj Flexi loan, Only single holding E Wealth can apply for LAS. It is not available for E Wealth who have more than single holding.
Q . Where I can find detail process of Loan application?
Answer:
Bajaj LAS Application Process : Click here for PDF
NJ LAS Application : Click here for PPT
Q . In NJ Capital and Bajaj Finserv how mandate resgistration would happen?
Answer: - For Bajaj Flexi Loan :
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Client can download mandate from E Wealth. E Wealth Account > Loans > Loan Request Status > Physical Mandate > Downlod
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Client/Partner has to send duly signed NACH mandate scan copy on
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- For NJ Capital Loan :
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Only E Mandate option is available.
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For processing E - Mandate after completing the loan process, please go to the following link:
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E Wealth Account >> Loans >> NJ Capital Mandate >> E – Mandate
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Only single bank account holder and joint bank account holder with either or survivor can process mandate.
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For both the cases, click on single account holder status to process the mandate.
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Note: If you will click on joint account holder, system will not allow you to process mandate.
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For joint account hoder where both the holder's sign is needed , if you process mandate by clicking single account holder then mandate will be rejected.
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Mandate will be processed through Debit Card / Net banking only.
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Scan based mandate will not be accepted.
Q . When investor would get disbursement of his loan in NJ Capital Term Loan?
Answer: - Fund will be disbursed within two working days after completing the process and E sign of the mandate.
Q . How to ask for disbursement of loan from Bajaj Finserv ?
Answer: - If initial disbursement request is given by client then fund will be disbursed. If initial disbursement is not given then kindly send mail to
Subject : NJ – Disbursement – <Customer Name>
Dear Sir,
Please disburse the fund in my account.
1.FAS No / Loan Account No :
2.Customer Name :
3.Loan amount Disburse :
Thanks
Note: FAS No. / Loan Account No. is available in IVR which is send by Bajaj daily on client's registered email address.
Q . What is the difference between the LAS from NJ Capital and Bajaj Finserv ?
Answer: NJ Capital LAS Term loan is available for fixed tenure. Fund is disbursed upfront. EMI deducted every month includes principal payment plus interest. Rate of Interest is fixed in nature. Miminum loan available is Rs.25,000/-
In Bajaj Flexi loan, the interest is charged on utilized fund every month. Client can partially or fully withdraw the sanctioned loan and can repay any time. Rate of Interest is floating in nature.Minimum loan available is Rs.2,00,000/-