Equitas Small Finance Bank, formerly Equitas Holdings Limited, is a leading microfinance institution that transformed into a scheduled bank in 2016. Headquartered in Chennai, India, it focuses on providing financial services to the underserved and unbanked segments. With a commitment to financial inclusion, Equitas Microfinance offers a range of products, including microcredit, savings accounts, and small business loans. As a regulated bank, Equitas Small Finance Bank continues its mission of fostering inclusive growth by catering to the financial needs of the economically vulnerable.

Experience the ease of making EMI payments anytime, anywhere, without the hassle of extensive paperwork with the BBPS platform on Bajaj Finserv. The user-friendly platform ensures a simple and welcoming experience, providing customers with swift and hassle-free payment solutions. The Reserve Bank of India (RBI) introduced the BBPS (Bharat Bill Payment System) concept to streamline digital payments, aiming to enhance the efficiency of the payment process.

Pay bank loans by other lenders

Apart from Equitas 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 | Mahindra Finance | IIFL Finance.

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

Some of the benefits of making Equitas 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 Equitas microfinance loan quickly and effortlessly.

Safe and secure

The Bajaj Finserv BBPS platform is safe and secure. 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 status through an email and SMS.

Types of loans offered by Equitas Small Finance Bank

Equitas Small Finance Bank offers various types of loans to cater to the diverse financial needs of its customers. Some of the types of loans provided by Equitas Small Finance Bank include:

• Microfinance loans: Small loans designed to support micro-entrepreneurs and individuals in the informal sector.
• Business loans: Financial assistance for small businesses and enterprises to facilitate growth and expansion.
• Housing loans: Loans for the purchase, construction, or renovation of homes, making homeownership more accessible.
• Vehicle loans: Financing options for the purchase of two-wheelers and other vehicles, enhancing mobility for individuals.
• Personal loans: Unsecured loans to meet personal financial requirements without the need for collateral.

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 Equitas 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 ‘EQUITAS SFB MICROFINANCE’ as the issuing bank and enter your Loan Agreement Number
6. Enter the loan amount and select your 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 Equitas microfinance loan repayment on the Bajaj Finserv website

Here is how you can repay Equitas 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.