IDFC FIRST Bank Ltd Loan Repayment

At Shriram Finance, we understand the importance of managing your IDFC FIRST Bank Loan Repayment conveniently. That's why we offer a seamless, fast, and secure platform that allows you to easily make online payments for your loans. With Shriram Finance, you can access all your bills and payments in one place, ensuring a hassle-free experience.

About IDFC FIRST Bank

IDFC FIRST Bank Ltd is a retail and commercial banking institution in India. It offers a wide range of banking services, including savings accounts, loans, and wealth management. The bank is headquartered in Mumbai, Maharashtra.

How to Pay My IDFC FIRST Bank Loan Repayment Online on Shriram Finance?

It is easy to repay your IDFC First Bank loan with Shriram Finance. Here is a step-by-step guide to making IDFC FIRST Bank loan quick pay with Shriram Finance:

1. Log in to 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 "IDFC FIRST Bank Ltd" - Enter the loan number and click on "Proceed.”
5. Verify that your mobile number is correct and click on "Continue."
6. Enter the 6-digit OTP received on your mobile and click on "Verify & Continue."
7. Review the details of your IDFC FIRST Bank loan repayment and click on "Pay."
8. Choose your preferred payment method, enter the required details, and complete the payment.

Why Choose Shriram Finance for My IDFC FIRST Bank Loan Repayment Online?

Using Shriram Finance to repay your IDFC First Bank loan comes with several benefits. Some of the benefits you are rewarded with are:

Convenience: Our user-friendly platform allows you to make IDFC FIRST Bank loan repayments online at anytime from anywhere. It is easy, fast, and secure.

Quick and Easy: Our platform is easy to use even for a person who is not tech-savvy. With just a few simple steps, you can complete your loan repayments without any hassle.

Access to Multiple Services: Apart from loan repayments, Shriram Finance provides a wide range of bill payment services for various utilities.

Reward Points: Earn reward points every time you make an IDFC FIRST Bank loan repayment, which can be redeemed for exciting offers and discounts.

How to Download IDFC FIRST Bank Loan Repayment Online Receipts?

Shriram Finance offers two convenient options to download your IDFC FIRST Bank loan repayment statement online:

New Users: After completing your IDFC FIRST Bank loan repayment, click on the "Download Receipt" button.

Existing Users: If you're already a registered user, log in to your Shriram Finance Customer Portal, go to your profile, and access the "Transaction History." From there, you can easily select the "Download Receipt" option.

Benefits of Using Shriram Finance for IDFC FIRST Bank Loan Repayment

Shriram Finance offers a multitude of benefits when you choose to pay your IDFC First Bank loan through us. Some of the key benefits are as follows:

Security: We place great emphasis on the security of all your transactions, ensuring that all your payment details and personal data are protected.

User-friendly Interface: Our platform is designed to provide a seamless experience with a simple and intuitive interface. It is very easy to navigate through our website and make your IDFC FIRST Bank loan EMI payment.

All-in-One Platform: Shriram Finance offers various services apart from loan repayments, making it a one-stop platform for all your IDFC FIRST Bank loan repayment options, and other transactions.

Timely Reminders: We also give you timely reminders on your loan repayment due dates. Stay updated with our timely reminders for your upcoming IDFC FIRST Bank Loan repayment due dates, so that you do not miss any EMI.

How to Check My IDFC FIRST Bank Loan Repayment History?

Shriram Finance offers two convenient options to check your IDFC FIRST Bank Loan Repayment history:

New Users:

a) After completing your IDFC FIRST Bank Loan Repayment, click on the "View Transaction History" button.

b) Sign up using 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 on "Transaction History" to check your payment history.

Existing Users:

a) Log in to your Shriram Finance Customer Portal.

b) Go to your profile and access "Transaction History" to view your payment history.

List Of Payment Methods Available for IDFC FIRST Bank Loan Repayment Online 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 IDFC FIRST Bank Loan Repayment Fails?

If your IDFC FIRST 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 log in 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 Don't Make My IDFC FIRST Bank Loan Repayment On Time?

Failing to pay your IDFC FIRST Bank Loan Repayment on time can result in consequences that may negatively impact on credit score:

Negative Impact on Credit Score: One of the most significant consequences is that your credit score can be negatively affected. 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 loans or credit in the future and may result in higher interest rates on any credit you obtain.

How to Check My IDFC FIRST Bank Loan Repayment Status on Shriram Finance?

Shriram Finance offers two convenient options to check your IDFC FIRST Bank loan repayment status:

New Users:

a) After completing your IDFC FIRST Bank Loan Repayment, click on the "View Transaction History" button.

b) Sign up using 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 on "Transaction History" to view the IDFC FIRST Bank loan payment status.

Existing Users:

a) Log in to your Shriram Finance Customer Portal.

b) Go to your profile and access "Transaction History" to check the status of your recent IDFC FIRST Bank Loan Repayment payments.

What Are the Types of Loans Provided by IDFC First Bank?

Personal Loans: extends personal loans for a multitude of purposes, including consolidating debt, financing home improvements, covering medical expenses, and funding educational pursuits.

Education Loans: facilitates students in their quest for higher education, whether in India or overseas, by offering education loans.

How to Calculate IDFC First Bank Loan Repayments?

To calculate IDFC First Bank Loan Repayments, follow these steps:

1. Access any reliable calculator available online.
2. Enter the IDFC First personal loan amount.
3. Choose the loan tenure.
4. Input the interest rate.
5. The calculator will provide you with a loan with the EMI (Equated Monthly Instalment) amount.
6. You can also check if IDFC First Bank has an EMI calculator on their official website for a quick estimate.
7. Ensure you meet the eligibility criteria before applying.

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

Missing an IDFC FIRST Bank overdue EMI payment online may result in late payment charges and a negative impact on your credit score. It's important to pay your EMIs on time to avoid any adverse consequences.

Download Shriram One Now

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