Faircent-Borrower EMI Account Loan Repayment

Shriram Finance streamlines loan processes and offers an integrated platform through its Bharat Bill Payment System (BBPS) for easy and secure bill payments, including loan EMIs.

About Faircent

Faircent is a leading Peer-to-Peer (P2P) lending platform in India that connects borrowers and lenders directly, eliminating the need for traditional financial intermediaries like banks. Founded in 2016, Faircent has become a trusted platform for individuals and businesses seeking loans and investors looking for attractive investment opportunities.

How to Pay My Faircent Loan Repayment on Shriram Finance?

Here is a step-by-step guide to pay Faircent 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 "Faircent" - 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 Faircent loan EMI repayment 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 Faircent Loan Repayment?

Choosing Shriram Finance for Faircent loan repayment offers several benefits:

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

How to Download My Faircent Loan EMI Payment Receipts?

Shriram Finance offers two convenient options for Faircent Loan Statement Download:

1. New Users: After completing your Faircent 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 Faircent Loan Repayment

When it comes to Faircent Loan Repayment, using Shriram Finance as your platform offers several significant benefits:

1. Security: Shriram Finance prioritises the security of your financial transactions, ensuring that your Faircent EMI payment online is 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 provides access to various financial services, allowing you to manage your Faircent EMI payment online and other financial needs in one place.
4. Timely Reminders: You can expect timely reminders to pay Faircent Loan EMIs online before the due dates.

How to Check My Faircent Loan Repayment History?

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

New Users:

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

b) Sign up using your name, mobile number, email 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 Faircent 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 Faircent Loan Repayment history.

List of Payment Methods Available for Faircent 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 Faircent Loan Repayment Fails?

If your Faircent Loan Repayment fails, you need not worry. Choose from the below options:

Contact: Reach out to the bank or the service provider through which you made the transaction. You must confirm the transaction made and resolve the issue of payment failure.

Raise a Request: You can raise a request from the same page using the "Raise a Request" link provided in the receipt.

Alternatively, choose from the below options that apply to you and follow the steps mentioned for that option.

• Existing User: If you are an existing user, you can login to your Shriram Finance customer portal, and visit the "My Profile" section to "Raise a Request."
• New User: If you are a new user, sign up using your name, mobile number, e-mail ID, and mPIN. Thereafter, visit the "My Profile" section to "Raise a Request."
• Specific Transaction: To raise a request for a specific transaction, navigate to "Transaction History," choose the specific transaction, click on "Need Help," to provide the necessary details, and click "Submit."

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

What Happens If I Don't Make My Faircent Loan Repayment on Time?

Failing to pay Faircent Loan Repayment on time can result in consequences that may negatively impact one's credit score. Late or missed payments are reported to credit bureaus, which can lower your credit score. A lower credit score can make it more challenging to secure instant loans or credit in the future and may result in higher interest rates on any credit you obtain.

You may incur late payment charges, based on the specific terms and conditions of Faircent.

In extreme cases where a significant amount remains unpaid for an extended period, Faircent might, at its discretion, initiate legal proceedings.

How to Check My Faircent Loan Repayment Status on Shriram Finance?

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

New Users:

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

b) Register using a 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 Faircent 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 Faircent loan repayment.

Know the Types of Loans Provided by Faircent

Faircent offers various types of loans, including Personal loans for Salaried/Self-Employed Individuals, Personal loans for Debt Consolidation, Personal loans for Home Improvement and Personal loans for Medical Expenses.

How to Calculate Faircent Loan Repayments?

Calculating your Faircent Loan Repayments is easy with our online EMI calculator. Enter the loan amount, interest rate, and loan tenure to get an estimate of your monthly EMI payments. This tool helps you plan your finances better and choose a repayment amount that fits your budget.

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

If you cannot pay a Faircent loan EMI online on time, you may be charged with an overdue loan payment fee. It is essential to make timely repayments to avoid any negative impact on your credit score. Contact Faircent directly for more information or assistance regarding missed EMI payments to minimise legal complications.

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