Annapurna Finance Private Limited-MFI Loan Repayment

Annapurna Finance Private Limited offers a range of financial solutions, and for a seamless experience, Shriram Finance stands out. With our Bharat Bill Payment System (BBPS) service, you can now handle all aspects of your loan repayment quickly, securely, and conveniently. Additionally, experience the ease and speed of managing various other bills, recharges, subscriptions and deposit plans with Shriram Finance.

About Annapurna Finance MFI

Annapurna Finance Private Limited (AFPL) is a microfinance institution (MFI) that provides financial services to India's unserved population. AFPL offers a variety of loan products, including micro-credit loans, business loans, and housing loans. The company is known for its focus on women borrowers and its commitment to financial inclusion.

How to Pay My Annapurna Finance MFI Loan Repayment with Shriram Finance?

Here is a step-by-step guide to pay Annapurna Finance MFI loan EMIs 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 "Annapurna Finance MFI" - 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 Annapurna Finance MFI loan EMI payment details and click "Pay."
8. Choose a preferred payment method, enter the required loan details and complete the payment.

Why Choose Shriram Finance for My Annapurna Finance MFI Loan Repayment?

Choosing Shriram Finance for Annapurna Finance MFI loan repayment offers several benefits:

1. Convenience: Shriram Finance provides a user-friendly and convenient platform for Annapurna Finance MFI loan repayment, making it easy to manage your financial obligations.
2. Quick and Easy: The process is streamlined, ensuring a hassle-free Annapurna Finance 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 Annapurna Finance MFI Loan EMI Payment Receipts?

Shriram Finance offers two convenient options to download your loan EMI payment receipts online:

1. New Users: After completing your Annapurna Finance MFI 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 Annapurna Finance MFI Loan Repayment

When it comes to Annapurna Finance MFI loan bill payment, using Shriram Finance as your platform offers several significant benefits:

1. Security: Shriram Finance ensures the security of your premium payment, processing your Annapurna Finance MFI EMI Payments 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 Annapurna Finance MFI loan EMI payment and other financial needs in one place.
4. Timely Reminders: You can expect timely reminders to Pay EMI overdue loan payments online before the due dates, helping you to stay on top of your payments and avoid late fees.

How to Check My Annapurna Finance MFI Loan Repayment History?

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

New Users:

a) After completing your Annapurna Finance MFI loan payment, click the 'View Transaction History' button.

b) Sign up with 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 Annapurna Finance MFI 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 Annapurna Finance MFI loan repayment history.

List of Payment Methods Available for Annapurna Finance MFI 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 Annapurna Finance MFI Loan Repayment Fails?

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.

Raise the request: If your loan repayment fails after completing payment, you can raise a request from the same page using the Raise a Request link provided 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, e-mail ID, and mPIN. Then, visit the My Profile section to Raise a Request.
• If you want to raise a request for a specific transaction, you can navigate to "Transaction History" and choose the particular transaction, click the "Need Help" button to provide the necessary details of failure and click "Submit".

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 Annapurna Finance MFI Loan Repayment on Time?

If you don't pay your Loan Repayment on time, here are some potential consequences:

• Late Payment Charges: You may incur late payment charges, based on the specific terms and conditions of Annapurna Finance.
• Discretionary Legal Action: In extreme cases where a significant amount remains unpaid for an extended period, Annapurna Finance might, at its discretion, initiate legal proceedings.
• Negative impact on credit score: Failing to make timely loan repayments can lower your credit score, making it difficult to secure future credit or loans, as it signals a higher credit risk to lenders.

How to Check My Annapurna Finance MFI Loan Repayment Status on Shriram Finance?

Shriram Finance offers two convenient options to check your Annapurna Finance MFI loan repayment status:

New Users:

a) Click the "View Transaction History" button after completing your Annapurna Finance MFI loan EMI payment online.

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 payment.

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 payment.

Know the Types of Loans Provided by Annapurna Finance MFI

Annapurna Finance Private Limited-MFI provides a variety of microfinance loans to meet the financial needs of its customers, including:

• Group loans: These loans are provided to groups of women or borrowers jointly liable for the loan repayment.
• Just in Time (JIT) loans: These loans are provided to borrowers to meet unexpected expenses, such as medical or funeral expenses.
• Housing loans: These loans are provided to borrowers to purchase, construct, or renovate their homes.

How to Calculate My Annapurna Finance MFI Loan Repayment?

To calculate Annapurna Finance MFI loan repayments online, follow these steps:

1. Access any reliable loan calculator available online.
2. Enter the loan EMI amount.
3. Choose the loan tenure.
4. Input the interest rate.
5. The loan calculator will give the EMI amount.

Ensure you meet the eligibility criteria before applying Online.

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

Missing an EMI of your Annapurna Finance MFI Loan Repayment can have various consequences, including:

1. Late Payment Fee: When you don't make an EMI payment on time, the bank will add a late fee, which is extra money on your regular EMI.
2. Credit Score Impact: Your credit score reflects your creditworthiness. Missing payments can lower your score, making it more challenging to get credit cards, loan numbers, or mortgages later.
3. Legal Consequences: If you keep missing payments and become a chronic defaulter, the bank might take legal action against you.
4. Interest Keeps Adding: Unpaid EMI keeps interest adding up. This will ultimately make you owe more in the long term.
5. Future Loan Challenges: Missed payments can damage your credit score and make it harder to get loans in the future. If you do get approved, they come with higher interest rates.

Download Shriram One Now

Experience the ultimate convenience of managing all your bills, recharges and bookings on the go! Download 'Shriram One' App from the Play Store and App Store, and simplify your life with hassle-free payments at your fingertips.