Check your EMI payment status
EMI or equated monthly instalment is a planned and systematic repayment option that allows you to repay your debts in small monthly instalments. An EMI usually comprises both the principal and the interest amount. It is a pre-defined amount that gets auto debited from your bank account on a pre-set date.
In case you fail to pay your EMI on its due date, it will cause a negative impact on your CIBIL Score and you will be asked to pay additional penal charges when you clear your overdue EMIs.
It is important to keep a track of your EMI amount and its due date beforehand to ensure that you have sufficient funds in your bank account. You can check all these details by visiting our customer portal – My Account. You will find your EMI amount, and its due date and even download your statement of account to stay updated with your repayment status.
How to check your EMI payment status?
You can check your EMI amount, its due date and much more by visiting our customer portal.
Step 1: Click on the ‘Sign-in’ button on this page to go to My Account.
Step 2: Enter your registered mobile number and date of birth and submit the OTP to sign-in.
Step 3: Click on ‘View All’ next to the ‘My Relations’ section.
Step 4: Select the loan account for which you want to view details.
Step 5: Find loan details such as EMI amount, due date and more.
You can also keep a track of your loan EMIs payment status with your statement of account. Follow these steps to download your loan account statement.
Step 1: Click on the ‘Sign-in’ button on this page to visit My Account.
Step 2: Enter your registered mobile number and date of birth and submit the OTP to sign-in.
Step 3: Select the loan account from ‘My Relations’
Step 4: Click on the ‘Statements’ option within the ‘Quick Actions’ section.
Step 5: Click on the ‘Statement of Account’ to download it.
Benefits of paying your EMIs on time
Repaying your loan EMIs without delay has a host of benefits. Here is the list of benefits of paying EMIs on time.
- Improves your CIBIL Score
CIBIL Score or credit score is a three-digit number that summarises your creditworthiness. One of the easiest ways to maintain and improve this score is regular EMI payments. In case of any delay in your loan repayment might impact your CIBIL Score negatively.
Hence, ensuring regular EMI payments improves your CIBIL Score and better your chances of securing a loan in future with favourable terms and conditions.
- Improved debt management
The monthly instalments are designed to lower the financial burden of a borrower. They are set up in a way that will not exceed your financial means and put you in a tough spot. Moreover, lenders also provide a loan amortisation schedule that offers a detailed breakup of EMIs.
You can then select a loan tenure as per your financial capabilities, resulting in efficient debt management.
- Create a strong relationship with your lender
Financial institutions always prefer responsible borrowers as they lower the lending risk. Therefore, paying EMIs on time and without disruption projects you as a responsible individual and helps you maintain a good relationship with your lender.
This will also result in availing of better loan offers with competitive interest rates.
How to repay your loan EMIs online?
When you borrow any loan from us, you usually repay it in small monthly instalments. This monthly instalment gets auto-debited on a pre-set date from your registered bank account. However, our customer portal – My Account. offers you a host of payment options to manage your EMIs.
You can pay an EMI in advance, part-prepay or foreclose your loan or clear your overdue instalment by following these steps
Step 1: Click on the ‘Sign-in’ button on this page to go to My Account.
Step 2: Enter your mobile number and date of birth and submit the OTP to sign-in.
Step 3: Select the loan account from the My Relations section.
Step 4: Click on the ‘Make Payments’ within ‘Quick Actions’
Step 5: Choose the payment option from the list and proceed.
Step 6: Enter the required details, review additional charges if applicable and proceed to pay with our secured payment getaway.
Frequently asked questions
You can check your EMI due date by following these steps:
- Click on the ‘Check your EMI due date’ option below to visit our customer portal – My Account.
- Enter your registered mobile number and date of birth and submit the OTP to sign-in.
- Select the loan account from the ‘My Relations’ section.
- Find details such as EMI amount, due date and more.
Check your EMI due date
Yes, you can pay your EMIs even after the due date. However, you will be charged with additional charges known as penal charges. If you have missed any of your loan EMIs, you can clear them by following these steps:
- Click on the ‘Pay your overdue EMIs’ option below to go to our customer portal – My Account.
- Enter your registered mobile number and date of birth and submit the OTP to sign-in.
- Select your loan account with the overdue EMI
- Enter the required details, review the applicable penal charges and proceed to pay using our secured payment getaway.
If you delay your EMI payment by a month, you will be asked to pay an additional fee called penal charges when you clear your overdue EMI. This might also cause a negative effect on your CIBIL Score.
Check the complete list of fees and charges
You can sign-in to our app, click on the ‘Main Menu’ and select the payment option you want to proceed with. You can then select your loan account, enter the required details and proceed to pay your loan EMIs.
