Axis Bank extends microfinance services to individuals, joint liability groups (JLGs), and self-help groups (SHGs) through its wholesale and retail microfinance division. Within wholesale microfinance, the bank provides credit to Microfinance Institutions (MFIs) for onward lending to their clients.

You now have the convenience of making EMI payments anytime from anywhere and without the stress of filling out lengthy documents thanks to the BBPS platform on Bajaj Finserv. The platform is simple to use and very welcoming to users and offers quick and hassle-free payment solutions to customers.

The Reserve Bank of India (RBI) introduced the concept of BBPS, intending to streamline digital payments.

Pay bank loans by other lenders

Apart from Axis Bank microfinance loan repayment, you can pay EMI for other loan providers across India, such as Manappuram Finance | IDFC First Bank | Hero Fincorp | Muthoot Finance | ICICI Bank | HDB Finance | Axis Bank | Mahindra Finance | IIFL Finance.

Benefits of making Axis Bank microfinance loan repayment using the Bajaj Finserv BBPS platform

Some of the benefits of making Axis Bank microfinance loan repayment on the Bajaj Finserv BBPS platform include:

Quick and hassle-free


With the BBPS platform on Bajaj Finserv, you can repay your Axis Bank microfinance loan quickly and effortlessly.


Safe and secure

The Bajaj Finserv BBPS is a safe and secure payment platform. Your payment details are secure with the platform’s robust security measures.


Multiple payment options

Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, e-wallet, and UPI. This allows you to choose the payment method that suits you best.


Instant confirmation

After making the payment, the platform immediately confirms the payment through an email and SMS.


Types of Axis Bank microfinance

Axis Bank microfinance extends loans to two main categories of clients: Microfinance Institutions (MFIs) and individuals, joint liability groups (JLGs), and self-help groups (SHGs). Here are some of the loan offerings:


• MFIs loans: Axis Bank supports MFIs dedicated to the economic empowerment of micro-entrepreneurs and low-income earners. These financial services are provided to MFIs in a sustainable, ethical, and profitable manner.
• Axis sahyog: This loan initiative targets economically engaged impoverished women, offering small-ticket unsecured loans ranging from Rs. 12,000 to Rs. 60,000. Borrowers can access these loans either individually or as part of Joint Liability Groups (JLGs).
• SHGs/JLGs loans through BCs: This loan product is specifically crafted to address the financial needs of Self-Help Groups (SHGs) and Joint Liability Groups (JLGs) through the assistance of Business Correspondents (BCs).


Fees and charges


A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.

Note: For failed transactions, the total amount including charges except taxes are reversed.

Making Axis Bank microfinance loan repayment on the Bajaj Finserv app is a very easy process. Follow these simple steps to make your payment online:

1. Download and install the Bajaj Finserv app from Google Play Store or App Store
2. Login with your credentials
3. Go to ‘BILLS AND RECHARGES'
4. Select ‘LOAN REPAYMENT' under the ‘FINANCIAL SERVICES AND TAXES’ section
5. Select ‘AXIS BANK MICROFINANCE’ as the issuing bank and enter your Loan Agreement Number
6. Enter the loan amount and select the preferred payment mode
7. Make the payment to repay your loan

Once you have completed the payment, you will receive an e-receipt, which you can keep for future reference.

Steps to make Axis Bank microfinance loan repayment on the Bajaj Finserv website

Here is how you can repay Axis Bank microfinance loan online on the Bajaj Finserv website:

1. Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
2. Go to the ‘BILLS AND RECHARGES’ under the ‘PAYMENTS’ section
3. Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LOAN REPAYMENT’
4. Choose your biller from the drop-down
5. Enter your loan account number and click on ‘FETCH YOUR BILL’
6. Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
7. After choosing your preferred payment mode, enter the requested payment details
8. Check the details you entered and click on 'PAY NOW’

You will receive a notification from Bajaj Finserv after successful payment.