Light Microfinance Private Limited Loan Repayment

Light is a Non-Banking Finance Company registered with the Reserve Bank of India. The company provides micro and meso finance products and services that target rural and semi-urban areas, with a special focus on empowering women.

At Shriram Finance, we understand the importance of managing your Light Microfinance loan repayment efficiently. That's why we offer seamless, fast, and secure Light Microfinance online payment solutions that provide you with ease, convenience, and peace of mind. With our services, you can access all your bills and payments in one place, ensuring a hassle-free experience.

About Light Microfinance Private Limited

Light Microfinance Private Limited, headquartered in Ahmedabad, Gujarat, is a leading microfinance institution dedicated to providing financial services to under privileged communities. With a focus on empowering women and fostering financial inclusion, Light Microfinance offers a range of products, including microloans, savings accounts, and insurance, to help individuals and small businesses achieve their financial goals.

How to Pay My Light Microfinance Loan Repayment with Shriram Finance?

Here is a step-by-step guide to make quick and easy Light Microfinance loan repayments 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."
• Select "Light Microfinance Private Limited"
• Enter your Loan Account number and click "Proceed."
• Verify if your mobile number is correct and click "Continue."
• Enter the 6-digit OTP received on your mobile number and click "Verify and Continue."
• Review your details and click "Pay."
• Choose your 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 Light Microfinance Loan Repayment?

Choosing Shriram Finance for Light Microfinance loan repayment online offers several benefits:

• Convenience: With Shriram Finance, you can conveniently make your Light Finance loan EMI payment from the comfort of your own home or anywhere else with an internet connection.
• Quick and Easy: Our user-friendly interface ensures a smooth and hassle-free payment process, allowing you to complete your Light Microfinance loan repayment with just a few clicks.
• Access to Multiple Services: Shriram Finance offers a wide range of financial services, allowing you to access multiple bill payments, recharges, and bookings all in one place.

How to Download My Light Microfinance Loan Repayment Receipts Online?

To download your Light Microfinance loan repayment receipts online, Shriram Finance provides two convenient options:

New Users:

After completing your Light Microfinance loan repayment click the "Download Receipt" button provided. This will instantly generate and download your receipt.

Existing Users:

If you are already a registered user, login to your Shriram Finance Customer Portal. Go to your profile and access the "Transaction History" section. From there, you can easily select the specific transaction and choose the "Download Receipt" option.

Benefits of Choosing Shriram Finance for Light Microfinance Loan Repayment

You can choose Shriram Finance for your Light Microfinance loan repayment to enjoy these key benefits:

• Security: We prioritise the security of your transactions by employing advanced encryption technology and secure payment gateways, so you can pay Light Microfinance EMI and not be worried for security.
• User-riendly Interface: Our intuitive interface makes it easy for you to navigate through the payment process and complete your Light Microfinance loan EMI payment without any hassle.
• All-in-One Platform: With Shriram Finance, you have access to a comprehensive platform that allows you to manage all your bill payments, recharges, and bookings from a single place.
• Timely Reminders: We send timely payment reminders to ensure that you never miss a Light Microfinance loan repayment, helping you maintain a good credit history.

How to Check My Light Microfinance Loan Repayment Transaction History?

To check your Light Microfinance loan repayment transaction history on Shriram Finance, you can choose any of the options:

New Users:

a) After completing your Light Microfinance 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 view your Light Microfinance loan repayment history.

Existing Users:

a) Login to your Shriram Finance Customer Portal.

b) Go to your profile and access "Transaction History" to view your Light Microfinance loan repayment history.

List of Payment Methods Available for Light Microfinance 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 Light Microfinance Loan Repayment Fails?

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

1. 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.
2. 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."

3. 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 Pay My Light Microfinance Loan Repayment on Time?

If you are unable to complete the loan settlement on time, here are some possible outcomes you might face:

• Negative Impact on Credit Score: Non-payment or late payment may result in a lower credit score, limiting your capacity to borrow additional loans.
• Late Payment Charges: You may incur late payment charges, based on the specific terms and conditions of Light Microfinance Private Limited.
• Discretionary Legal Action: In extreme cases where a significant amount remains unpaid for an extended period, Light Microfinance Private Limited might, at its discretion, initiate legal proceedings.

How to Check My Light Microfinance Loan Repayment Status on Shriram Finance?

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

New Users:

a) After completing your Light Microfinance 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 view the status of your recent loan repayment status.

Existing Users:

a) Login to your Shriram Finance Customer Portal.

b) Go to your profile and access "Transaction History" to view the status of your recent loan repayment status.

Know the Types of Loans Provided by Light Microfinance Private Limited

The type of loan offered by Light Microfinance Private Limited is:

Micro Loans: Facilitates small loans to help you with personal commitments, education fees, medical expenses and more.

How to Calculate Light Microfinance Loan Repayment?

To calculate your loan repayment amount, follow these steps:

• Access a reliable online loan calculator, which can be found on various financial websites or mobile apps.
• Enter the loan amount you wish to borrow.
• Input the interest rate associated with the loan.
• Specify the loan term or the number of months you'll be repaying the loan.
• Click the "Calculate" or "Get Results" button.

Ensure you meet the eligibility criteria before applying for a loan.

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

If you miss an EMI payment on your Light Microfinance loan, you may incur late payment charges or penalties. It is important to pay Light Microfinance loan EMI on time to avoid any negative impact on your credit score.

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 and simplify your life with hassle-free payments at your fingertips.