Manage your loan payments in My Account

Once your loan is transferred to you, your monthly instalments are auto-deducted from your bank account on a pre-set date. This date is usually the second day of the following month.

Your NACH (National Automated Clearing House) mandate enables auto-payments directly from your bank account. You do not need to initiate any other payments once your loan has been booked.

However, if you would like to make any additional payments, you can do so easily in My Account.

Advance EMIs, part-prepayments, and overdue EMIs

If you wish to pay your upcoming EMI before its due date, you can pay using the advance EMI facility. A single advance EMI automatically adjusts your instalment amount for the next month. This means that your upcoming instalment will not be debited from your bank account on your next EMI due date.

If you have surplus funds, you can pay back a part of your outstanding loan amount using the part-prepayment facility. This in turn impacts your loan tenure or EMIs and helps you save on the interest you end up paying against your loan.

In fact, you also have the option to clear your overdue EMIs. If you miss your EMI payment because you had a low account balance, or because of a technical error, you can pay the bounced EMI through this facility.

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  Make your loan payments online in My Account

  You can pay an EMI in advance, part-prepay your loan or clear your overdue by visiting our customer portal - My Account.

  • Sign-in with your date of birth and mobile number.
    
  • Choose the type of payment from the list.
    
  • Select the loan account number for which you want to make the payment.
    
  • Enter the amount and, if applicable, review the additional charges.
    
  • Click on ‘Proceed’ to complete the payment via our secure payment gateway.
    

  
  You can also manage your loan EMIs by clicking on the ‘Pay your loan EMIs’ text below.

  You will be asked to sign-in to ‘My Account’, where you can select the type of payment you want to make. You can then choose your loan account and proceed with the payment.

  Pay your loan EMIs

Loan repayment is one of the most critical factors in managing your loan account. It is important to track your loan repayment to ensure that you have not missed any EMIs, as this might adversely impact your CIBIL Score.

Usually, you repay your loan in small instalments every month that get automatically deducted from your bank account on their due dates.

However, our customer portal – My Account, offers you multiple options to repay your loan, such as overdue payment, paying an EMI in advance, and part-prepayment. Using these online loan payment options have lot of benefits. It reduces the hassles of branch visits. You can make payments online with our secured payment getaway. Using these options also help you in repaying your loan faster and avoiding risk of missing EMIs.

You can also make an online loan payment easily by signing-in to our customer portal, choose the payment type, enter the amount, review the additional charges if applicable, and proceed with the payment.