Given the inflation and tight financial constraints, opting for a loan to fulfil various expenses has become a necessity. Be it for housing, buying a new vehicle or purchasing other items, opting for a loan is the only way to have hefty cash for the majority of the population. Numerous options are available for users to pay their loans online, such as making a loan repayment through credit card or IDFC Quick pay services. But before choosing to purchase the loan from a bank or any loan provider, adequate research must be carried out to verify the reliability and authenticity of the company.
Once that is done, you can proceed with the method of repaying your loan. Here is a brief guide that gives you comprehensive information on how to pay off your loan online with simple steps.
Here you go!
1. Loan payment online via Freecharge:
Freecharge is an ideal choice for paying loans online. Having lakhs of registered active users, Freecharge is a predominantly used app for various financial transactions in India. It offers fast and easy online loan EMI payment options for every user.
Any default in paying a loan can affect your credit score, and thus, it is essential to pay loans on time. One can also make a loan repayment through credit card or IDFC Quick Pay options. Using these quick options, now loan repayment has become easy and hassle-free.
Here are the steps to pay a loan online via Freecharge:
- Visit the Freecharge website or download its app
- Select loan repayment under the new payments section
- Select your loan provider
- Enter the loan number
- Enter the EMI amount you need to pay
- Choose the preferred mode of payment such as Debit cards, Credit cards, Freecharge wallets, Net-banking, etc.
2. Loan payment online via IDFC Quick Pay:
Whether it’s a car loan, personal loan, home loan, or any other loan, paying your loan online via IDFC Quick Pay becomes easy and hassle-free. You don’t need to write cheques or visit the nearest bank branch or wait in a long queue to make payments.
The IDFC quick pay is a smart option that can help you pay your loans online on time. By using this application consequently one can gain a lot of rewards and cashback, which they can redeem later.
You just require to follow these effortless steps to make a loan payment online via IDFC Quick Pay. Moreover, you can also make a loan repayment through credit card.
- Click on the IDFC Quick Pay EMI option
- Enter the loan account number
- Enter the contact number or details
- Choose the payment option (bill desk/ Paytm/ Mpesa)
- Document the CAPTCHA code and enter on proceed
- You will get the loan account details on the screen.
- Update the amount and click on proceed
- Enter the correct option required once directed to the bank’s website.
3. Loan payment online through ICICI Internet Banking:
Loans are a big help to every user in a financial crisis. However, the burden of paying regular EMI without any default is one of the essential factors. If you opt to get your loan through ICICI, you can easily pay them off using the multiple platforms available online.
ICICI Bank allows users to pay loan repayment via Internet Banking with simple steps and hassle-free. Moreover, there are options to make a loan repayment through credit card. Let’s dive into the easy steps:
- Log in to www.icicibank.com.
- Under the loans sections, visit click to pay option
- Provide your loan details where you need to give your loan number.
- Enter the loan amount against the amount payable
- Click on the pay now option.
- Select the amount you want to pay.
- Your EMI will get paid instantly.
4. Loan payment online through Mobikwik:
Mobikwik is one of the leading digital wallet companies that allows every user to pay the EMI online with convenient features and hassle-free. Mobikwik has always believed in assisting its customers in times of financial need.
And don’t worry, it is one of the secured platforms to pay off your loan. Moreover, you can also make a loan repayment through credit card. Follow these steps to pay a loan online:
- Click on “EMI Payments” under the “recharge and bills section.”
- Select your loan operator
- Enter the necessary user details
- Click on proceed further.
- Check the EMI amount and pay.
5. Loan payment online via Billdesk:
Billdesk is one of the popular options to pay loans online. It allows users to pay loans hassle-free in a safe and secure environment. However, you can also make a loan repayment through credit card. Here are the steps to follow:
- Enter the loan account number
- Choose the bank
- You will get diverted to the payment gateway
- Enter the authentication details
- Confirm payment amount
