Pay your EMIs in advance in My Account

Manage your advance EMI payment in our customer portal.

Pay your EMIs in advance

For most loans, the instalment amount remains fixed over the repayment tenure. A set amount gets deducted from your bank account on a fixed date. If you have surplus funds at some point over the loan tenure, you may choose to pay off an EMI before the due date.

This advance payment will get automatically adjusted towards your instalment for the next month. This means that your EMI will not be deducted from your bank account next month.

You may choose the advance EMI option if you are facing an issue with your registered bank account or if you fear missing on your due date. This will ensure that your EMI gets covered in time and you avoid any negative impact on your credit score or penal charges applicable in the case of missed EMIs.

With My Account, you can pay one EMI in advance if you have opted for our Flexi Loan variant and up to five EMIs if you have chosen a regular term loan.

However, if you want your advance payment to be adjusted towards your upcoming EMI, you must do so before the 22nd of the ongoing month.

Please note that advance EMI is not to be treated as part-prepayment or foreclosure of the loan(s) irrespective of the loan variant availed or the amount paid by you and hence no interest is payable by BFL on the advance EMI or no interest benefit by treating advance EMI amount as part payment will be given in the loan.

  • Advance EMI payments

    Advance EMI payments

    You can pay your loan EMIs in advance in My Account by following these simple steps:

    • Go to our customer portal by clicking on ‘Sign-in’ button on the top of this page
    • Enter your mobile number and date of birth and verify your details with an OTP
    • Choose the ‘Advance EMI’ option from the list
    • Click on the loan account for which you want to make an advance payment
    • Enter the required details and proceed to pay


    You can also pay an EMI in advance by clicking on the ‘Pay your EMI in advance’ option below. You will be asked to sign-in to ‘My Account’. Once signed-in, you can select ‘Advance EMI’ option, choose the loan account, and proceed with payment.

    Pay your EMI in advance

  • If you have surplus funds or have a fear of missing your monthly instalment due date, you can choose to pay your EMIs in advance. This payment option will help you avoid any penal charges applicable in the case of a missed EMI.

    You can visit our customer portal - My Account, choose the option ‘Advance EMI’, select your loan account, and proceed with the payment.

    However, if you pay an advance EMI after the 22nd of the month, your advance EMI amount gets adjusted in the subsequent month’s instalment. This is because your current month’s EMI is under presentation to your bank for the deduction. In case your upcoming EMI bounces, your advance payment can be adjusted towards your loan.

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  • Manage your loan EMIs

    Choose from multiple payment options and repay your loan easily. Sign-in to My Account to begin.