FlexiLoans Loan Repayment

In today's world, meeting loan repayment obligations is essential for financial stability. That's where Shriram Finance steps in, offering a seamless platform for managing your financial responsibilities through BBPS services. This collaboration brings convenience and reliability to your financial journey.

About FlexiLoans

FlexiLoans was created as a way for SMEs to access quick, flexible, and adequate funds for growth through an online lending platform. They are geolocated in Mumbai and provide collateral-free loans across India.

How to Pay My FlexiLoans Repayment on Shriram Finance?

Here is a step-by-step guide to pay your FlexiLoans EMI 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 "FlexiLoans" - Enter the loan number and click on "Proceed.”
5. Verify if the mobile number is correct and click on "Continue."
6. Enter the 6-digit OTP and click on "Verify and Continue."
7. Review your FlexiLoans 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 FlexiLoans Repayment?

Choosing Shriram Finance for FlexiLoans repayment offers several benefits:

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

Shriram Finance offers two convenient options to download your FlexiLoans statement online:

1. New Users: After completing your FlexiLoans repayment, click on 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 FlexiLoans Repayment

Using Shriram Finance as your platform for FlexiLoans repayment offers several benefits:

1. Security: Shriram Finance prioritises the security of your financial transactions, ensuring that your Flexi EMI payments 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 provides access to various financial services in one place.
4. Timely Reminders: You can expect timely reminders to pay FlexiLoans EMI Online before the due dates.

How to Check My FlexiLoans Repayment History?

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

New Users:

a) After completing your FlexiLoans payment, click on 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 FlexiLoans 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 FlexiLoans repayment history.

List of Payment Methods Available for FlexiLoans 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 FlexiLoans Repayment Fails?

If your FlexiLoans 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 FlexiLoans 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 FlexiLoans.
• Discretionary Legal Action: In extreme cases where a significant amount remains unpaid for an extended period, FlexiLoans 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 FlexiLoans Repayment Status on Shriram Finance?

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

New Users:

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

b) Register using a name, mobile number, email address, and mPIN.

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

d) Visit your profile, select "Transaction History," and check the status of your most recent FlexiLoans 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 check the loan payment status of your most recent transaction.

Know the Types of Loans Provided by FlexiLoans

FlexiLoans offers various types of loans, including Flexi Personal loans, Flexi Business loans, Flexi Gold loans, and FlexiLoans Against Property (LAP).

How to Calculate FlexiLoans Repayments?

To calculate FlexiLoans repayments, follow these steps:

• Access FlexiLoans’ website or app.
• Enter the loan amount.
• Choose the loan tenure.
• Input the interest rate.
• FlexiLoans will provide you with the EMI amount.
• You can also use the EMI calculators available online for a quick estimate.

Ensure you meet the eligibility criteria before applying.

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

If you miss an EMI payment on your FlexiLoans, you may face the following consequences:

• Late fee charges may apply.
• Negative impact on your credit score.
• Loan settlement may be affected.
• Interest may accrue.

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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.