InCred Loan Repayment

InCred, a prominent financial services platform, is on a mission to transform the financial landscape for individuals and businesses. It builds on the strong foundation of Shriram Finance, which offers a wide range of financial products and services to cater to diverse needs. Shriram Finance extends its reach beyond conventional financial boundaries by providing services like the Bill Payment and Presentment System (BBPS), simplifying bill payments and more.

About InCred

InCred is a new-age financial services platform that leverages technology and data science across its suite of offerings. It provides a variety of financial products and services to individuals and businesses, including personal loans, business loans, education loans, and investment opportunities.

How to Pay My InCred Loan Repayment at Shriram Finance?

Here is a step-by-step guide to making quick InCred online EMI payments 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 "InCred " - 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 InCred EMI payment details and click "Pay."
8. Choose a preferred payment method, enter the required details and complete the payment.

By following these steps, you can efficiently repay your loan through Shriram Finance.

Why Choose Shriram Finance for My InCred Loan Repayment?

Choosing Shriram Finance for InCred loan repayment offers several benefits:

1. Convenience: Shriram Finance provides a user-friendly and convenient platform for InCred loan repayment, making it easy to manage your financial obligations.
2. Quick & Easy: The process is streamlined, ensuring a quick and hassle-free InCred loan quick-pay experience.
3. Access to Multiple Services: Shriram Finance may offer additional InCred financial services or products, allowing you to conveniently access various financial solutions in one place.
4. Reward Points: Some Shriram Finance programs may offer reward points or loyalty benefits, providing you with incentives for responsible financial management.

How To Download My InCred Loan EMI Payment Receipt?

Shriram Finance offers two convenient EMI payment options for InCred to download your EMI Payment online:

1. New Users: After completing your InCred loan repayment, click the 'Download Receipt' button.
2. Existing Users: If you are already a registered user, log in 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 InCred Loan Repayment

When it comes to InCred 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 InCred pay emi online is processed safely and securely.
2. User-Friendly Interface: The platform offers a user-friendly interface, making it easy for you to navigate and complete your EMI payments with convenience.
3. All-in-One Platform: Shriram Finance may provide access to a variety of InCred financial services, allowing you to manage your InCred pay emi online and other financial needs in one place.
4. Timely Reminders: You can expect timely reminders to pay InCred emi due dates, helping you stay on top of your payments and avoid late fees.

How to Check My InCred Loan Repayment History?

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

New Users:

a) After completing your InCred loan payment online, click 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 then click 'Transaction History' to check your InCred loan repayment history.

Existing Users: If you are already a registered user, log in to your Shriram Finance Customer Portal, go to your profile, and then access 'Transaction History' to check your InCred loan repayment history.

List of Payment Methods Available for My InCred 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 InCred loan repayment Fails?

1. Contact the service InCred online payment: If your bill payment fails, promptly contact the service provider or bank to inquire about the issue and explore possible resolution options.
2. Raise the request: If your InCred online payment fails after completing payment, you can raise a request from the same page using the Raise a Request link provided in the receipt.

Alternatively,

• If you are an existing user, you can log in 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, e-mail ID, and mPIN. Then, visit the My Profile section to Raise a Request.
• If you want to raise a request for a specific transaction, you can navigate to "Transaction History" and choose the specific transaction, click the "Need Help" button provide the necessary details of failure 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 InCred Loan Repayment Bill On Time?

Failing to pay your InCred 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 InCred Loan Repayment Status on Shriram Finance?

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

New Users:

a) Click the "View Transaction History" button after finishing your InCred loan payment online.

b) Register using a name, mobile number, e-mail address, and MPIN.

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

d) Visit your profile, select "Transaction History," and check the progress of your most recent InCred loan repayment.

Existing Users: If you've already signed up, log in to the Shriram Finance Customer Portal, select your profile, and then access "Transaction History" to see the status of your most recent InCred loan payment online.

Know The Types of Loans Provided By InCred

InCred offers various types of loans, including:

• Personal Loans: InCred extends personal loans for a multitude of purposes, including consolidating debt, financing home improvements, covering medical expenses, and funding educational pursuits. These loans typically span from ₹50,000 to ₹7.5 lakhs, with flexible repayment options spanning 12 to 60 months.
• Education Loans: InCred facilitates students in their quest for higher education, whether in India or overseas, by offering education loans. These loans range from ₹2 lakhs to ₹1 crore, allowing students to pursue their dreams, and they come with repayment terms that span from 6 to 120 months.
• SME Business Loans: Recognising the importance of small and medium-sized enterprises (SMEs), InCred provides business loans tailored to their needs. SME business loans offered by InCred range from ₹1 lakh to ₹10 crore, and the repayment duration can vary from 12 to 60 months. This support empowers SMEs to grow and thrive in the business world.

How to Calculate InCred Loan Repayments?

To calculate InCred loan repayment online, follow these steps:

1. Access any reliable EMI calculator available online.
2. Enter the InCred 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 amount.

Ensure you meet the eligibility criteria before applying.

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

Missing an InCred loan repayment on your loan can have various consequences:

1. Late Payment Fee: When you don't make an EMI payment on time, the bank will add a late fee, which is extra money on your regular EMI.
2. Credit Score Impact: Your credit score shows how trustworthy you are with credit. Missing payments can lower your score, making it tougher to get credit cards, loans, or mortgages later.
3. Interest Keeps Adding: Not paying your EMI doesn't stop the interest from piling up. Unpaid interest grows, meaning you'll owe more in the long term.
4. Future Loan Challenges: Missed payments can damage your credit and make it harder to get loans in the future. If you do get approved, they might come with higher interest rates.

Download the ‘Shriram One’ App Now

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