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BERAR Finance Limited (BFL) is a Nagpur-based deposit-taking NBFC, incorporated in 1990 and registered with the Reserve Bank of India since 1998. Promoted by Mr. Maroti G. Jawanjar, BERAR Finance is one of central India's older vehicle-finance NBFCs, focused primarily on two-wheeler loans, vehicle refinance, personal loans, secured MSME loans, and loans against property. Its CIN is U65929MH1990PLC057829 and its headquarters is at Avinisha Tower, Mehadia Chowk, Dhantoli, Nagpur. BERAR Finance is also rated by CRISIL, ICRA, and Acuité.
Two-wheeler loan (the mainstay product)
Vehicle refinance loan (top-up on existing two-wheeler / four-wheeler)
Used car loan (note: ICRA's April 2026 rationale indicates BERAR Finance has discontinued used car loans for new disbursals: confirm current availability before applying)
Personal loan
Secured MSME loan
Loan against property (LAP)
Fixed deposit (BERAR Finance is a deposit-taking NBFC)
These are the loan products BERAR Finance Limited offers across India.
You can pay your BERAR Finance Limited EMI through several channels:
BERAR Finance "Pay Online" web portal: berarfinance.com → "Pay Online"
NACH auto-debit: default for most BERAR Finance two-wheeler and personal loans, deducted from the registered bank account on the EMI due date
BBPS: pay your BERAR Finance EMI on Google Pay, PhonePe, Paytm or any UPI app under the "Loan EMI" biller category, searching "Berar Finance"
Bajaj Finserv BBPS route: bajajfinserv.in lists BERAR Finance as a supported biller for EMI payment and loan settlement
Shriram Finance BBPS portal: also supports BERAR Finance loan repayment via BBPS
NEFT / RTGS / IMPS: to the loan-specific account number printed on your sanction letter
Cheque or DD: at any BERAR Finance branch (largely in central India)
**Track BERAR Finance EMI on Oolka:** if you have loans across multiple lenders, you can manage all your EMIs in one view on Oolka and get an alert when your credit score qualifies you for a lower-rate refinance offer.
Use the official channels above, or pay on Oolka to get cashback, EMI reminders, and a free credit score check.
Contact BERAR Finance Limited directly for EMI, account, or grievance queries:
Customer care: 0712-666 3999 (Mon-Sat office hours)
Customer care email: customercare@berarfinance.com
General info email: info@berarfinance.com
Registered office: Avinisha Tower, Mehadia Chowk, Dhantoli, Nagpur, Maharashtra, 440012
Investor relations: investor.relations@berarfinance.com
CIN: U65929MH1990PLC057829
For account-specific queries, log in to https://berarfinance.com. https://berarfinance.com → click "Pay Online", "eServe" (for Loans - Statement of Account and Interest Certificate), or "eAdditional Services" (for Loans - Key Fact Statement, No Dues Certificate, etc.). Existing customers log in with their registered mobile number and OTP. The same site also offers FD lookup ("Check Your FDs") for deposit customers.
BERAR Finance allows part-prepayment and full foreclosure on its two-wheeler, vehicle refinance, used car and personal loan products, with charges varying by product. Foreclosure and part-payment charges, along with the applicable GST, are published in the company's "Schedule of Charges" document and are confirmed in your sanction letter. Per RBI rules, floating-rate loans to individual borrowers for non-business purposes cannot carry foreclosure fees, but most BERAR Finance retail loans are fixed-rate two-wheeler / personal loans, so foreclosure fees do apply. Check the exact percentage on your sanction letter before paying. Before you foreclose, run the numbers on Oolka. It shows exactly how closing this BERAR Finance loan will move your credit score, since sometimes keeping the account open longer is better for your credit mix.
Three things you get on Oolka that you do not get paying directly:
EMI reminders three days before the due date, so you never miss an EMI by accident.
Free credit score check, so you know how your EMI history is affecting your credit.
Cashback offers on select payments.
Most importantly, Oolka shows you exactly how an on-time BERAR Finance Limited EMI moves your credit score, and what to do if you have already missed one.
Oolka supports EMI payments for loans from these lenders too:
Belstar Microfinance
Bajaj Finserv
Hero Fin Corp
Bajaj Auto Finance
L&T Finance
Aditya Birla Capital
IDFC FIRST Bank
One app, one login, all your loan EMIs in one view.
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