Discover the process of making online payments for your Agora Microfinance loan. This article provides a simple guide for managing your loan payments through online platforms.
How to pay Agora Microfinance loan payment online
Managing your loan payments efficiently is crucial to maintaining a healthy financial life.
Agora Microfinance is a microfinance operator-investor that focuses on building microfinance institutions in frontier markets. Their mission is to maximise social returns in microfinance while providing a fair and attractive return to investors. They work closely with these institutions to achieve optimum social and financial outcomes. Additionally, Agora Microfinance India Limited aims to provide affordable, convenient, and timely financial services to low-income urban clientele in a financially sustainable manner.
In this article, we will explore how you can conveniently pay your Agora Microfinance loan EMIs online, check your loan statement, and find verified contact details for payment-related issues.
How to pay loan EMI online?
Paying your Agora Microfinance loan EMI online is now easier than ever with the Bajaj Finserv BBPS Platform.
The Bajaj Finserv BBPS Platform simplifies online loan repayment and offers several advantages. Some of the most prominent ones being:
- Multiple payment options: The BBPS platform provides flexibility by allowing borrowers to pay their Agora Microfinance loan EMIs through various channels. Whether it is net banking, credit cards, debit cards, or UPI, you can choose the method that suits you best.
- Enhanced security: Security is paramount when dealing with financial transactions. The BBPS platform ensures encrypted and secure payment gateways, safeguarding your sensitive information during the process.
- Instant receipts: No more waiting for manual updates. With BBPS, you receive instant payment confirmation and digital receipts. This transparency helps you keep track of your payments effortlessly.
Steps to make Agora Microfinance loan payment on the Bajaj Finserv website
Follow the below steps for making loan payment via the Bajaj Finserv BBPS Platform:
- Visit the Bajaj Finserv website.
- Navigate to the ‘BILLS AND RECHARGES’ section under ‘PAYMENTS.’
- Select ‘LOAN REPAYMENT’ under ‘FINANCIAL SERVICES AND TAXES.’
- Select your operator from the drop-down menu
- Enter your ‘USERNAME’ and click on ‘FETCH BILL’
- Select a payment method from the list of available payment options such as credit card, debit card, UPI, e-wallet, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
Offline Agora Microfinance loan repayment
While online payments are convenient, some borrowers prefer offline methods.
If you choose to visit a bank branch for loan repayment, follow these steps:
- Locate the nearest Agora Microfinance branch
- Visit the branch during working hours
- Provide your loan account details
- Pay your EMI in person
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How to check Agora Microfinance loan statement
Keeping track of your loan transactions is essential. To check your Agora Microfinance loan statement, follow these steps:
- Visit the Agora Microfinance website
- Log in to your account
- Look for the option to view your loan statement
- Download the statement for your records
Contact details for payment related issues
If you have any payment-related queries or concerns, reach out to Agora Microfinance using the following contact details:
- Customer care: Call Toll-Free Number - 1800-102-1080.
- Email: Share your concerns via email on info@amil.com.
Recharge and Pay Bills
Frequently asked questions
Missing an EMI payment deadline can have consequences. Agora Microfinance typically charges a late fee for delayed payments. It is essential to pay your EMIs promptly to avoid penalties and maintain a good credit history.
The late payment charges vary depending on the loan type and the specific terms of your agreement. Generally, it includes a percentage of the overdue amount. To get accurate details, refer to your loan agreement or contact Agora Microfinance directly.
If your payment is debited but not reflected in the Agora Microfinance app, follow these steps:
Wait: Sometimes, there might be a delay in updating the payment status.
Check bank statement: Verify if the amount has been deducted from your bank account.
Contact customer support: Reach out to Agora Microfinance’ customer care with transaction details. They can investigate and update your payment status.
Yes, you can pay your Agora Microfinance loan using cash. Visit the nearest Agora Microfinance branch and make the payment in person. Ensure you receive a proper receipt for your records.
To set up a National Automated Clearing House (NACH) mandate for automatic EMI deductions:
- Visit your bank branch
- Fill out the NACH mandate form
- Provide necessary details, including your Agora Microfinance loan account number
- Submit the form to authorize automatic deductions from your bank account
