Loan repayment related queries

Documentations for all queries related to loan repayments

What if I delay in loan repayment?
Delaying in your loan repayment has a negative effect on your overall credit history. It affects your Credit score which might cause problems in future loan...
Mon, 9 Dec, 2019 at 1:32 AM
Is there any prepayment charges?
No. There are no prepayment charges. You may prepay your loan after a minimum of three EMIs. To learn about your prepayment amount, please email us at loan@...
Mon, 9 Dec, 2019 at 1:32 AM
Is my loan data reported to credit bureau like CIBIL, Experian?
Yes. We report the loan details to Experian, CIBIL, and Equifax. If you have a good repayment history, it helps you increase your Credit score.
Mon, 9 Dec, 2019 at 1:32 AM
What is my repayment date?
For InstaLoan & Shopkeeper Loan : Repayment date is always two days ahead of your salary date to make it easier for your repay. To know the exact EMI da...
Mon, 9 Dec, 2019 at 1:32 AM
How do I pay my loan EMI?
If your ECS Mandate is approved, you do not have to manually pay your loan EMI. The amount will be auto-debited from your bank account. However, if your ECS...
Mon, 9 Dec, 2019 at 1:32 AM
Will my EMI auto debit or do I need to pay manually?
If your NACH mandate is approved, the EMI will be auto-debited from your bank account on the due date. It is required to maintain sufficient balance 24 hour...
Mon, 9 Dec, 2019 at 1:32 AM
What is my loan EMI amount?
All loan related details are shown to you during the loan application process. If you have missed the details, you may login to your app and find all loan r...
Mon, 9 Dec, 2019 at 1:32 AM