With many convenient options available, you can effortlessly make an online loan payment. This is because modern financial service providers allow you to manage your loan EMI online. As such, you can pay easily through multiple online options at your convenience.
You can use a lender’s portal or third-party payment apps to conveniently:
Knowing about the options that facilitate these payments will allow you to effortlessly manage your loan in just a few clicks. Read to know how to pay EMIs online, its key benefits and some security measures to keep in mind.
Follow these steps to make secure and rapid online EMI payments:
Note that the mobile app interface for all lenders may differ slightly. However, following the instructions on your app will help you complete the transaction promptly. Once done, you will receive a confirmation from your lender.
Also Read: Want a lower EMI For a Personal Loan?
Here are some benefits you enjoy with online loan EMI payment.
Here are some security measures you must follow for online loan payments.
With these tips, you can automate your loan EMI payment to avoid penalties and late payment charges. If you want to apply for a 100% digital loan with flexible tenure options, choose Fibe.
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To make an online EMI payment, you can log into the lender’s mobile or web portal or use third-party apps. On the portal, select your loan account, enter loan details and provide other information. Once done, you can choose a card, net banking, UPI or any other option to make transactions.
To make an online payment, you can choose from many online and offline options, depending on your convenience. After providing your loan details, you will receive your payable amount, which you can pay using your preferred option. Upon completing the payment, the amount will be deducted from your account. Your outstanding balance will then be reduced based on your payment.
If you have any overdue EMIs, you can pay them online. On the net baking portal, enter your loan details to get the details of your past dues. Here, you must select the option to check your overdue or total payable amount and make payment.
To check your EMI online, you can go to your lender’s net banking portal or on the mobile app. Some UPI-based payment apps also allow you to check your EMI and make payments directly.