Midland Microfin Ltd Loan Repayment

Midland Microfin Ltd. (MML) is a pioneering microfinance institution that has empowered countless individuals to achieve financial independence and improve their livelihoods.

At Shriram Finance, we strive to make your life easier by providing a seamless way to manage your Midland Microfin loan repayments. With our Bharat Bill Payment System (BBPS) services, you can now handle all aspects of your loan repayment quickly, securely, and conveniently, all in one place. Experience the ease and speed of managing your loan repayments with Shriram Finance.

About Midland Microfin Limited

Midland Microfin Ltd (MML) is a financial institution headquartered in Jalandhar, Punjab, with a network spanning over 12 states and 2 union territories. It is dedicated to expanding financial access and opportunities for marginalised communities, particularly women, by providing small business loans and promoting financial literacy.

How to Pay My Midland Microfin Loan Repayment with Shriram Finance?

To pay your Midland Microfin loan repayment with Shriram Finance, follow this simple step-by-step guide:

• 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 “Midland Microfin Ltd”
• Enter your Loan number and click on 'Proceed.”
• Verify that your mobile number is correct and click on "Continue."
• Enter the 6-digit OTP received on your mobile and click on "Verify and Continue."
• Review your details and click on "Pay."
• Choose your preferred payment method, enter the required details, and complete the payment.

Why Choose Shriram Finance for Midland Microfin Loan Repayment?

You can choose Shriram Finance for your Midland Microfin loan repayment to enjoy these key benefits:

Convenience: With Shriram Finance, you have the convenience of managing all your loan repayments in one place, saving you time and effort.

Quick and Easy: Our user-friendly platform ensures a hassle-free experience, allowing you to make payments swiftly and efficiently.

Access to Multiple Services: Apart from loan repayment, Shriram Finance provides a wide range of bill payment and recharge services, giving you access to multiple financial transactions in one platform.

How to Download My Midland Microfin Loan Repayment Receipts Online?

Shriram Finance offers two convenient options to download your loan repayment receipts online:

New Users: After completing your Midland Microfin loan repayment, click on the "Download Receipt" button.

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

Benefits of Using Shriram Finance for Midland Microfin Loan Repayment

Some of the key benefits of making Midland Microfin loan EMI payment online that Shriram Finance provides are:

Security: Shriram Finance ensures the highest level of security to pay Midland Microfin EMI, keeping your personal and financial information safe.

User-friendly Interface: Our user-friendly interface allows easy navigation and a seamless transaction experience, making it convenient for you to manage your loan repayments.

All-in-One Platform: With Shriram Finance, you have access to a wide range of services beyond loan repayment. You can conveniently handle all your bill payments, recharges, and bookings in one place.

Timely Reminders: We provide timely reminders for your Midland Microfin loan repayment due dates, ensuring that you never miss a payment and incur any late payment charges.

How to Check My Midland Microfin Loan Repayment Transaction History?

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

New Users:

1. After completing your Midland Microfin loan repayment, click on the "View Transaction History" button.
2. Sign up using your name, mobile number, email ID, and mPIN.
3. You will be redirected to the Shriram Finance customer portal.
4. Go to your profile and click on "Transaction History" to check your payment history.

Existing Users

1. Login to your Shriram Finance customer portal.
2. Go to your profile and access "Transaction History" to check your payment history.

What are the Payment Methods for Midland Microfin 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 Midland Microfin Loan Repayment Fails?

If your Midland Microfin 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 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 Do Not Pay My Midland Microfin Loan Repayment on Time?

Non-payment of loan repayments to Midland Microfin may lead to the below scenarios:

Late Payment Charges: Failure to pay your Midland Microfin loan repayment on time may result in late payment charges as per its terms and conditions.

Negative Impact on Credit Score: A delay in payments can cause your credit score to drop, making it more difficult to qualify for loans and other forms of credit in the future. The severity of the impact on your credit score depends on several factors, including the length of the delay, the amount of the missed payment, and your overall credit history.

Legal Action: In extreme cases where a significant amount remains for loan settlement for an extended period, Midland Microfin at its discretion, may initiate legal proceedings.

How to Check My Midland Microfin Loan Repayment Status on Shriram Finance?

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

New Users: Click on the “View Transaction History” button after completing your Midland Microfin 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. Go to your profile, click on "Transaction History," to examine the status of your most recent loan repayment to Midland Microfin.  

Existing Users: Go to your profile on the Shriram Finance customer portal, click on "Transaction History," and check the status of your most recent loan repayment to Midland Microfin.

Types of Loans Provided by Midland Microfin Ltd

Midland Microfin offers Micro Enterprise Loans which is designed to facilitate financial access to women to help support their businesses.

How to Calculate Midland Microfin Loan Repayments?

You can calculate loan repayments using the loan amount, interest rate, and loan tenure with any reliable online loan calculator.

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

Missing an EMI payment on your loan can result in late payment charges and negatively impact your credit score. You must make timely repayments to avoid any penalties.

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 either from the Play Store or App Store, and simplify your life with hassle-free payments at your fingertips.