EMI Payments FAQs
EMI refers to Equated Monthly Instalment. It simply refers to a fixed amount paid by you (borrower) to the lender at a specific date every month. EMI enabl...
Thu, 6 Jun, 2024 at 1:16 PM
We provide our customers with various options to pay their EMI's like: Inside Application: UPI Apps : Payment via various UPI apps like Phonepe, Gp...
Sun, 9 Jun, 2024 at 8:43 PM
We always suggest that you pay your full EMI amount on or before the due date and do not delay the payment. However, if you wish to make partial payments, w...
Thu, 6 Jun, 2024 at 1:35 PM
The EMI amount is calculated by the system and displayed instantly at the time of loan application itself. The EMI amount depends on the loan amount, intere...
Thu, 6 Jun, 2024 at 1:35 PM
You will be receiving automated email & SMS before your EMI date on your registered email id & mobile number. Being said that, due to technical or n...
Thu, 6 Jun, 2024 at 1:36 PM
Well, a late repayment always invites a late penalty charge along with it. The charge however, will depend on your outstanding amount and also the number of...
Thu, 6 Jun, 2024 at 1:36 PM
Like any other legal agreement, all loans are legally binding and governed under the RBI regulations wherein not paying your monthly installment/EMI is a cr...
Thu, 6 Jun, 2024 at 1:37 PM
The required amount of balance must always be maintained at the time of due date for clearing the monthly auto-debit payment, if you have registered for aut...
Thu, 6 Jun, 2024 at 1:38 PM
You cannot extend the tenure after a loan has been approved.
Thu, 6 Jun, 2024 at 1:38 PM
We strongly advise against skipping the payment of your monthly installment/EMI. Defaulting on an installment will dip your credit score and you will be cha...
Thu, 6 Jun, 2024 at 1:38 PM