Asirvad Micro Finance Ltd Loan Repayment

Asirvad Micro Finance Private Limited is a financial services company which offers a range of products to cater to a diverse audience. If managing your Asirvad Micro Finance loan repayments seems daunting, Shriram Finance is here to help. Shriram Finance streamlines loan processes and provides an integrated platform, leveraging the Bharat Bill Payment System (BBPS) for easy and secure bill payments. This approach ensures that customers can efficiently manage their finances and benefit from comprehensive services.

About Asirvad Micro Finance

Asirvad Micro Finance Ltd (AMFL) is a non-banking financial company (NBFC) that provides financial services to underserved and underbanked segments of society, focusing on women and self-employed individuals. AMFL offers a variety of loan products, including microfinance loans, personal loans, and business loans. The company also provides a variety of deposit products. AMFL is known for its customer-centric approach and its commitment to financial inclusion.

How to Pay My Asirvad Micro Finance Loan Repayment with Shriram Finance?

Here is a step-by-step guide to help you pay Asirvad Micro Finance 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 "Asirvad Micro Finance" - Enter the loan number and click on "Proceed.”
5. Verify if the mobile number is correct and click 'Continue.'
6. Enter the 6-digit OTP and click 'Verify and Continue.'
7. Review your Asirvad Micro Finance loan details and click on 'Pay.'
8. Choose a preferred payment method and complete the payment.

Why Choose Shriram Finance for My Asirvad Micro Finance Loan Repayment?

Here's how Shriram Finance delivers security and convenience for your Asirvad Micro Finance loan EMI payments online:

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

How to Download My Asirvad Micro Finance Loan EMI Payment Receipts?

Shriram Finance offers two convenient options to download your Asirvad Micro Finance loan statement online:

1. New Users: After completing your Asirvad Micro Finance 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 Asirvad Micro Finance Loan Repayment

Using Shriram Finance as the preferred platform for Asirvad Micro Finance loan payment offers several benefits, including:

1. Security: Shriram Finance understands the importance of securing your premium payment processing for your Asirvad Micro Finance loan EMI payments online safely and securely using encrypted technologies.
2. User-Friendly Interface: The platform offers an intuitive interface designed to make it easy for you 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 Asirvad Micro Finance loan EMI payment and other financial needs in one place.
4. Timely Reminders: You can expect timely reminders to Pay EMI Overdue Loan Payments before the due dates, helping you to stay on top of your payments and avoid late fees.

How to Check My Asirvad Micro Finance Loan Repayment History?

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

New Users:

a) After completing your Asirvad Micro Finance loan repayment, click the 'View Transaction History' button.

b) Sign up with your name, mobile number, e-mail ID, and mPIN. Ensure these details match the Asirvad Micro Finance loan repayment form you submitted during your loan application.

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

d) Go to your profile and click 'Transaction History' to check your Asirvad Micro Finance 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 Asirvad Micro Finance loan repayment history.

List of Payment Methods Available for Asirvad Micro Finance 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 Asirvad Micro Finance 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 Asirvad Micro Finance Loan Repayment on Time?

Failing to pay your Asirvad Micro Finance 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 Asirvad Micro Finance Loan Repayment Status on Shriram Finance?

Shriram Finance offers two convenient options to check your Asirvad Micro Finance loan repayment status:

New Users:

a) Click the 'View Transaction History' button after completing your Asirvad Micro Finance loan EMI payment online.

b) Register using your name, mobile number, email 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 Asirvad Micro Finance 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 Asirvad Micro Finance online loan EMI payment.

Know the Types of Loans Provided by Asirvad Micro Finance

Asirvad Micro Finance Ltd. provides different types of Gold Loans, which helps you meet medium-term financial needs, such as business expansion, home renovation, or educational expenses.

How to Calculate Asirvad Micro Finance Loan Repayments?

To calculate Asirvad Micro Finance loan repayments online, follow these steps:

1. Access any reliable online EMI calculator
2. Enter the loan amount.
3. Choose the loan tenure.
4. Input the interest rate.
5. The calculator will provide you with the loan EMI amount along with the included processing fees.

Ensure you meet the eligibility criteria before applying.

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

Below are some consequences of missing your Asirvad Micro Finance loan EMI repayment:

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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