ICICI Bank Ltd - Loans Repayment

ICICI Bank is a leading private sector bank in India that provides a wide range of financial products and services to individuals, businesses, and corporates. The bank offers a wide array of loan products catering to diverse financial needs.

At Shriram Finance, we understand the importance of managing your loan repayments efficiently. This is the reason we provide a seamless, fast, and secure platform for making ICICI Bank loan repayments. With the Bharat Bill Payment System (BBPS) service, you can easily access all your bills and payments in one place, ensuring speed, ease, security, and convenience.

About ICICI Bank Limited

ICICI Bank Ltd., one of India's leading private banks, offers a comprehensive range of loan products to individuals and businesses. With a nationwide presence and a reputation for innovation, ICICI Bank provides home loans, personal loans, car loans, education loans, and business loans, catering to a wide spectrum of financial needs.

How to Pay My ICICI Bank Loan Repayment on Shriram Finance?

Here is a step-by-step guide to help you make ICICI Bank loan repayments online with Shriram Finance:

• Login to the Shriram Finance website.
• Navigate to the main menu and click on "Payments," then opt for "BBPS."
• Choose the "Financial Services & Tax" category and select "Loan Repayment."
• choose "ICICI Bank Ltd – Loans.”
• Enter your loan account number and click "Proceed.”
• Verify your mobile number and click "Continue.”
• Enter the 6-digit OTP received on your registered mobile number and click on "Verify and Continue.”
• Review your details and click "Pay.”
• Choose your preferred payment method, enter the required details, and complete the payment.

Why Choose Shriram Finance for My ICICI Bank Loan Repayment?

Shriram Finance elevates your loan payment experience with a range of exceptional benefits, such as:

Convenience: With Shriram Finance's BBPS services, you can conveniently manage your ICICI Bank loan repayments from anywhere at any time. No more standing in queues or visiting multiple platforms.

Quick and Easy: A user-friendly interface ensures a seamless loan repayment online experience with just a few clicks.

Access to Multiple Services: Shriram Finance offers access to a wide range of services, including bill payments, mobile recharge, and other financial transactions. You can manage all your needs in one place.

How to Download My ICICI Bank Loan Repayment Receipts Online?

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

New Users: After completing your ICICI Bank loan repayment, simply click the "Download Receipt" button to obtain your receipt.

Existing Users: If you are already a registered user, login to your Shriram Finance customer portal. Visit your profile and access the "Transaction History" section. Here, you can easily select the "Download Receipt" option.

Benefits of Using Shriram Finance for My ICICI Bank Loan Repayments

Shriram Finance is a secured platform for loan repayment that offers several advantages. Here are some of them:

Security: Shriram Finance ensures the highest level of security for all your transactions. Your personal and financial information is protected at all times.

User-friendly Interface: Our platform is designed to provide a seamless and user-friendly experience. You can navigate through the website effortlessly and complete your transactions with ease.

All-in-One Platform: With Shriram Finance, you have access to multiple services, making it a one-stop solution for all your financial needs.

Timely Reminders: We send timely reminders for your loan repayments, ensuring that you never miss a due date and avoid any late payment charges or service disruptions.

How to Check the Transaction History for My ICICI Bank Loan Repayments?

Shriram Finance offers two convenient options to check your ICICI Bank loan payment history:

New Users:

• After completing your loan repayment, click the "View Transaction History" button.
• Sign up using your name, mobile number, e-mail ID, and mPIN.
• You will be redirected to the Shriram Finance customer portal.
• Visit your profile, then click "Transaction History" to check your payment history.

Existing Users

• If you are an existing user, login to the Shriram Finance customer portal.
• Visit your profile and access the "Transaction History" section to view your payment history.

List of Payment Methods Available for ICICI Bank 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 ICICI Bank Loan Repayment Fails?

If your ICICI Bank loan repayment fails, you need not worry. Choose from the below options:

Contact: Reach out to the service provider or contact the bank 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 “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 If I Do Not Pay My ICICI Bank Loan Repayment On Time?

If you don't pay your ICICI Bank 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 ICICI Bank.
• Discretionary Legal Action: In extreme cases where a significant amount remains unpaid for an extended period, ICICI Bank 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 Can I Check the Payment Status on Shriram Finance for My ICICI Bank Loan Repayments?

Shriram Finance offers two convenient options to check your ICICI Bank loan repayment status. Choose the one that applies to you and follow the specific steps:

New Users: Click the “View Transaction History” button after completing your loan repayment online, Here, you must enter your name, e-mail address, mobile number, and mPIN to register. After successful registration, you will be redirected to the Shriram Finance customer portal. Having accessed your profile, click "Transaction History”, to examine the status of your most recent loan repayment to ICICI Bank.

Existing Users: Visit your profile on the Shriram Finance customer portal, click "Transaction History”, and check the payment status of your most recent loan repayment to ICICI Bank.

Know the Types of Loans Provided by ICICI Bank

ICICI Bank provides various types of loans, including:

Car Loan: Loans for Pre-owned cars, Top-up car loans, and more. Begin the search for your favourite set of wheels today.

Home Loan: To help ease the process of buying your dream home, avail affordable home loans.

Loan Against Property: Avail loans by leveraging your property whenever there is an urgent financial requirement.

How Can I Calculate ICICI Bank Loan Repayments?

To calculate your ICICI Bank loan repayment, follow these steps:

1. Visit ICICI Bank's website or app to initiate the loan repayment process.
2. Enter the desired loan amount for calculation.
3. Choose your preferred loan tenure duration.
4. Input the applicable interest rate for accurate EMI computation.
5. ICICI Bank's system will provide the calculated monthly EMI amount.
6. Utilise online EMI calculators for a quick estimation if needed.

Ensure eligibility by reviewing the specified criteria before submitting your application.

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

If you miss an ICICI Bank overdue EMI payment online, it may result in late payment charges and adversely affect your credit score. You must make timely payments to avoid any negative consequences.

Download Shriram One App Now

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