Aavas Financiers Limited Loan Repayment

Aavas Financiers Limited loan offers a range of financial solutions, and for a seamless experience, Shriram Finance stands out. Shriram Finance streamlines loan processes and provides an integrated platform, leveraging the Bharat Bill Payment System (BBPS) for easy and secure bill payments.

About Aavas Financiers Limited

Aavas Financiers Limited is a non-banking financial company that provides housing loans to low and middle-income borrowers in semi-urban and rural areas. The company has a network of over 300 branches across India and has a strong track record of providing affordable and timely housing finance solutions to its customers.

How to Pay My Aavas Financiers Limited Loan Repayment on Shriram Finance?

Here is a step-by-step guide to make Aavas Financiers Limited loan EMI payments online with Shriram Finance:

1. Visit the Shriram Finance website.
2. Navigate to the main menu and click on "Payments," then opt for "BBPS."
3. Under "Financial Services & Tax" category select "Loan Repayment."
4. Select "Aavas Financiers Limited" - Enter the loan number and click on "Proceed.”
5. Verify the mobile number and click "Continue."
6. Enter the 6-digit OTP and click "Verify and Continue."
7. Review your Aavas Financiers Limited loan EMI payment details and click on "Pay."
8. Choose a preferred payment method, enter the required details and complete the payment.

Why Choose Shriram Finance for My Aavas Financiers Limited Loan Repayment?

Choosing Shriram Finance for Aavas Financiers Limited loan repayment offers several benefits:

1. Convenience: Shriram Finance provides a user-friendly and convenient platform for Aavas Financiers Limited loan repayment, making it easy to manage your financial obligations.
2. Quick and Easy: The process is streamlined, ensuring a hassle-free Aavas Financiers Limited loan quick-pay experience.
3. Access to Multiple Services: Shriram Finance may offer additional financial services or products, allowing you to conveniently access various financial solutions in one place.

How to Download My Aavas Financiers Limited Loan EMI Payment Receipts?

Shriram Finance offers two convenient options for Aavas Financiers Limited loan statement download online:

1. New Users: After completing your Aavas Financiers Limited loan repayment, click the 'Download Receipt' button.
2. Existing Users: If you are already a registered user, login to your Shriram Finance Customer Portal, go to your profile, and then access 'Transaction History.' From there, you can easily select the 'Download Receipt' option.

Benefits of Using Shriram Finance for My Aavas Financiers Limited Loan Repayment

When it comes to Aavas Financiers Limited loan payment online, using Shriram Finance as your platform offers several significant benefits:

1. Security: Shriram Finance prioritises the security of your financial transactions, ensuring that your Aavas Financiers Limited EMI payments online are processed safely and securely.
2. User-Friendly Interface: The platform offers a user-friendly interface, making it easy to navigate and complete your EMI payments conveniently.
3. All-in-One Platform: Shriram Finance may provide access to various financial services, allowing you to manage your Aavas Financiers Limited loan EMI payment online and other financial needs in one place.
4. Timely Reminders: You can expect timely reminders to pay Aavas Financiers Limited loan EMIs online before the due dates, helping you to stay on top of your payments and avoid late fees.

How to Check My Aavas Financiers Limited Loan Repayment History?

Shriram Finance offers two convenient options to check your Aavas Financiers Limited loan repayment history:

New Users:

a) After completing your Aavas Financiers Limited loan repayment, click the 'View Transaction History' button.

b) Sign up using your Name, Mobile Number, e-mail ID, and mPIN.

c) You will be redirected to the Shriram Finance Customer Portal.

d) Go to your profile and click 'Transaction History' to check your Aavas Financiers Limited loan repayment history.

Existing Users: If you are already a registered user, login to your Shriram Finance Customer Portal, go to your profile, and then access 'Transaction History' to check your Aavas Financiers Limited loan repayment history.

List of Payment Methods Available for Aavas Financiers Limited Loan Repayment on Shriram Finance

Shriram Finance offers convenient online payment options, including debit cards, net banking and much more. For added flexibility, you can also raise collect requests.

What If My Aavas Financiers Limited Loan Repayment Fails?

Here's what you can do if your loan repayment fails:

1. Contact the service provider: If your loan payment fails, promptly call the service provider or the bank to inquire about the issue and explore possible resolution options.
2. Raise the request: If your loan payment fails after completing the transaction, you can request from the same page using the 'Raise a Request' link in the receipt.

Alternatively,

• If you are an existing user, login to your Shriram Finance Customer Portal, visit the 'My Profile' section, and then 'Raise a Request'.
• If you are a new user, sign up using your name, mobile number, email ID, and mPIN. Then, visit the 'My Profile' section to 'Raise a Request'.
• Suppose you want to raise a request for a specific transaction. In that case, you can navigate to 'Transaction History', choose the particular transaction, click on the 'Need Help' button to provide the necessary failure details, and click 'Submit'.

3. Customer Support: Reach out to our customer support team for assistance, as they can guide you through the troubleshooting process and help you resolve any billing issues you encounter.

What Happens If I Don't Pay My Aavas Financiers Limited Loan Repayment on Time?

Failing to pay your Aavas Financiers Limited loan EMI on time can result in the addition of late fees to your existing EMI. Moreover, late or missed payments are reported to credit bureaus, negatively impacting your credit score. A lower credit score can make it more challenging to secure instant loans or credit when you apply online in the future and may result in higher interest rates on any credit you obtain. In chronic defaulting, the institution may initiate legal action at its discretion.

How to Check My Aavas Financiers Limited Loan Repayment Status on Shriram Finance?

Shriram Finance offers two convenient options to check your Aavas Financiers Limited loan payment status:

New Users:

a) Click the "View Transaction History" button after completing your Aavas Financiers Limited loan EMI payment.

b) Register using a name, mobile number, e-mail address, and mPIN.

c) You will be redirected to the Shriram Finance Customer Portal.

d) Visit your profile, select "Transaction History," and check the status of your most recent Aavas Financiers Limited loan repayment.

Existing Users: If you have already signed up, login to the Shriram Finance Customer Portal, select your profile, and then access "Transaction History" to see the status of your most recent Aavas Financiers Limited loan EMI payment.

Know the Types of Loans Provided by Aavas Financiers Limited

• Home Loan: Home loans for buying new or used homes and for home construction or renovation.
• Loan Against Property (LAP): Secured loans against residential or commercial property.
• MSME Loan: Specifically tailored for micro, small, and medium-sized enterprises (MSMEs).
• Loan for Home Improvement: Loans for home improvement, renovation, remodeling, and home extension.

How to Calculate Aavas Financiers Limited Loan Repayments?

To calculate Aavas Financiers Limited Loan Repayments online, follow these steps:

1. Access Aavas Financiers Limited's website or app.
2. Enter the loan EMI amount.
3. Choose the loan tenure.
4. Input the interest rate.
5. Aavas Financiers Limited will provide you with the EMI amount.
6. Aavas Financiers Limited loan prepayment online EMI calculation can also be used for a quick estimate.

Ensure to check Aavas Financiers Limited Loan Eligibility before you apply online.

What Happens If I Miss an EMI Payment on My Loan?

Missing an Aavas Financiers Limited Loan Repayment can have various consequences:

1. Late Payment Fee: When you don't make an EMI payment on time, the bank will add a late fee, accumulating on your existing EMI.
2. Credit Score Impact: Your credit score shows your trustworthiness with credit. Missing payments can lower your score, making it more challenging to get credit cards, instant loans, or mortgages later.
3. Legal Consequences: If you keep missing payments and become a chronic defaulter, the bank might take legal action against you.

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