
Loan repayments are made through an auto-debit facility (eNACH) that you authorize during the application process. This allows your Equated Monthly Installments (EMIs) to be automatically deducted from your registered bank account on the scheduled due date.
To avoid missed payments, it’s important to ensure that your account has sufficient balance at least one day prior to the EMI date. In case an auto-debit fails, you may be charged a bounce fee as specified by the lending partner.
Some lenders may also offer a manual repayment option through UPI, net banking, or debit cards - details of which will be available in your loan account or agreement.
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