Repay your Two-wheeler Loan in My Account

When you borrow a two-wheeler loan, you repay it in small monthly instalments called EMI (equated monthly instalment). This EMI amount gets deducted from your bank account on a pre-set date. However, if you like to make any additional payments towards your loan account, you can do by visiting My Account.

Advance EMIs, part-prepayment, overdue EMI, and foreclosure

If you fear missing your EMI due date, you can use the advance EMI facility to pay your monthly instalment before its due date. This means that your EMI will not get auto-debited on its due date. However, the advance payment you made will get adjusted against it.

If you have surplus funds, you can also repay a part of your loan ahead of schedule by using the part-prepayment facility. This in turn helps you to reduce your overall loan tenure or your EMI amount. You can also close your loan early by paying the entire outstanding amount in one go with foreclosure (full prepayment) as your repayment option. This will help you in saving on the overall interest that you pay on your loan.

If you’ve missed your EMIs due to some technical issue or low account balance, you can pay it with the overdue payment option. Please note that when you clear an overdue EMI, you might be asked to pay additional penal charges.

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  Make your two-wheeler loan payment in My Account

   

  • Click on the ‘Sign-in’ button on this page to visit our customer portal.
  • Enter your registered mobile number and an OTP to sign-in.
  • Verify yourself with the date of birth and proceed.
  • Select the loan account for which you want to make payment.
  • Choose the payment type from the list of options.
  • Enter the required details and review other charges if applicable.
  • Proceed with payment using our secured payment gateway.

   

  Alternatively, you can click on the ‘Pay your two-wheeler loan EMIs’ option to visit My Account. Once you are signed-in, select the loan account, choose the type of payment you want to make and proceed.

  Disclaimer: Please note that the amount paid by you towards Advance EMI is applied for repayment of your monthly EMI only and is not to be treated as part-prepayment or foreclosure of the loan, irrespective of the loan variant availed by you. No interest is payable by BFL on the advance EMI amount paid by you.

  Pay your two-wheeler loan EMIs

Our customer portal – My Account offers you multiple payment options to manage your loan repayment. If you have surplus funds, you can pay an EMI in advance, part-prepay or foreclose your loan.

In case of any overdue EMI, you can use our online payment services and clear it in a few clicks.