Are there any fees for making online loan payments?

Loan providers do not charge fees for online loan repayments. Customers can conveniently make payments digitally through the lender's website or mobile app without additional charges.

Online loan repayment is a fee-free facility offered by banks and NBFCs to encourage digital adoption. Customers can use net banking, credit cards, debit cards, UPI, IMPS, and NEFT options to repay without remittance charges or transaction fees.

Lenders absorb any charges applicable for payment gateways, interfacing with banks, etc., to provide a smooth online repayment experience. Customers who opt to make payments online do not pay a processing fee or convenience fee.