Microfinance group loans offered by Bajaj Finance are specially designed for women from low-income households.
It is a collateral-free loan that comes with simple eligibility criteria and minimal documents. However, like any other loan, if you have an ongoing microfinance group loan, you can repay it in small monthly instalments. These instalments also known as EMIs (equated monthly instalments) usually consist of the principal and the interest amount. These EMIs are deducted from your registered bank account on a fixed date every month.
In addition to these monthly instalments, to help you manage your microfinance group loan repayment better, we offer online loan payment services. One such online payment option is paying your EMI in advance.
This payment option comes in handy if you have a fear of missing out on your EMI due date. You can also use this facility if you’re facing any technical issues with your registered bank account.
Since this payment option allows you to pay your EMI before its due date, it can help you avoid EMI bounces. This eventually helps you to avoid any negative impact on your CIBIL Score.
If you’re looking to pay your microfinance group loan EMI in advance, you can follow these simple steps.
- Click on the ‘Sign-in’ button on this page to go to our customer portal – My Account.
- Enter your registered mobile number and the OTP to sign-in.
- Verify your details by entering your date of birth and proceed.
- Select the loan account for which you want to pay an EMI in advance.
- Choose ‘Advance EMI’ from the list of payment options.
- Use our secured payment gateway and proceed to make payment.
Sign-in to our customer portal
You can also pay your microfinance group loan EMI in advance on the go by using the Bajaj Finserv app. Visit the Play Store or the App Store and download our app today.
