Reliance ARC Loan Repayment

Shriram Finance streamlines loan processes and provides an integrated platform through the Bharat Bill Payment System (BBPS) for easy and secure bill payments. This approach ensures that customers can efficiently manage their finances and benefit from comprehensive services.

About Reliance ARC

Reliance Asset Reconstruction Company Limited is India's leading asset reconstruction company (ARC). It is a subsidiary of Reliance Capital Limited, a part of the Reliance Group, and specialises in resolving banks' and financial institutions' stressed assets and non-performing loans (NPLs).

How to Pay My Reliance ARC Loan Repayment on Shriram Finance?

Here is a step-by-step guide to pay your Reliance ARC EMIs online 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 "Reliance ARC" - Enter the loan number and click on "Proceed.”
5. Verify if the mobile number is correct and click on "Continue."
6. Enter the 6-digit OTP and click on "Verify and Continue."
7. Review your Reliance ARC loan EMI payment details and click on "Pay."
8. Choose a preferred payment method, enter the required details, and complete the payment.

Why Choose Shriram Finance for Reliance ARC Loan Repayment?

Choosing Shriram Finance for Reliance ARC loan repayment offers several benefits:

1. Convenience: Shriram Finance provides a user-friendly and convenient platform for Reliance ARC loan repayment, making it easy to manage your financial obligations.
2. Quick and Easy: Our process is streamlined so that your Reliance ARC loan quick-pay experience is easy and effortless.
3. Access to Multiple Services: Shriram Finance offers additional financial services or products, allowing you to access various financial solutions in one place conveniently.

How to Download My Reliance ARC Loan EMI Payment Receipts?

Shriram Finance offers two convenient options to download your EMI Payment receipts online:

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

Using Shriram Finance to repay your Reliance ARC loan offers several benefits:

1. Security: Shriram Finance ensures your Reliance ARC Loan repayments are processed safely and securely.
2. User-Friendly Interface: The platform offers a user-friendly interface, making it easy to navigate and complete your EMI payments conveniently.
3. All-in-One Platform: Shriram Finance may provide access to various financial services, allowing you to manage all your financial needs in one place.
4. Timely Reminders: You can expect timely reminders to pay your EMI before the due dates.

How to Check My Reliance ARC Loan Repayment History?

Shriram Finance offers two convenient options to check your Reliance ARC loan EMI payment history:

New Users:

a) After completing your Reliance ARC loan repayment, click on 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 check your loan repayment history.

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

List of Payment Methods Available for Reliance ARC 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 Reliance ARC Loan Repayment Fails?

Here's what you can do if your loan repayment fails:

Contact the service provider: If your loan repayment fails, promptly call the service provider or the bank to inquire about the issue and explore possible resolution options.

Raise the request: If your Reliance ARC loan repayment fails after completing the transaction, you can raise a request from the same page using the 'Raise a Request' link in the receipt.

Alternatively,

• If you are an existing user, login 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, email ID, and mPIN. Then, visit the 'My Profile' section to 'Raise a Request'.
• Suppose you want to raise a request for a specific transaction. In that case, you can navigate to 'Transaction History' and choose the particular transaction, click on the 'Need Help' button to provide the necessary failure details and click 'Submit'.

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 If I Don't Make My Reliance ARC Loan Repayment on Time?

Failing to pay your Reliance ARC EMI online can result in consequences that may negatively impact your credit score. 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 instant loans or credit in the future and may result in higher interest rates on any credit you obtain.

You may incur late payment charges, based on the specific terms and conditions of Reliance ARC.

In extreme cases where a significant amount remains unpaid for an extended period, Reliance ARC might, at its discretion, initiate legal proceedings.

How to Check My Reliance ARC Loan Repayment Status on Shriram Finance?

Shriram Finance offers two convenient options to check your Reliance ARC Loan Repayment status:

New Users:

a) Click the "View Transaction History" button after completing your Reliance ARC loan EMI payment.

b) Register using a name, mobile number, email address, and mPIN.

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

d) Visit your profile, select "Transaction History," and check the status of your most recent transaction.

Existing Users: If you have already signed up, login to the Shriram Finance Customer Portal, select your profile, and then access "Transaction History" to see the status of your most recent payment.

Know the Types of Loans Provided by Reliance ARC

Reliance ARC offers various types of loans, including:

1. Corporate Loans

Reliance ARC offers corporate loans to large businesses and industrial houses to finance growth and expansion.

2. SME Loans

Reliance ARC offers SME loans to small and medium-sized enterprises.

3. Retail Loans

Reliance ARC offers retail loans to individuals and families. These loans are typically used for personal expenses, such as debt consolidation, home improvement, and education.

4. Asset Reconstruction

Reliance ARC specialises in acquiring and managing distressed assets, such as non-performing loans (NPLs) and stressed assets.

5. Strategic Debt Restructuring (SDR)

Reliance ARC also offers SDR services to businesses. SDR is a process of restructuring debt to make it more sustainable for the borrower.

6. Other Loans

Reliance ARC also offers other types of loans, such as gold loans and loans against property.

How to Calculate Reliance ARC Loan Repayments?

For calculating Reliance ARC Loan Repayments, follow the steps below:

1. Access Reliance ARC's website or app.
2. Enter the loan EMI amount.
3. Choose the loan tenure.
4. Input the interest rate.
5. Reliance ARC will provide you with the EMI (Equated Monthly Instalment) amount.
6. You can also use Reliance ARC loan prepayment online EMI calculation for a quick estimate.

Ensure you meet the eligibility criteria before applying.

What If I Miss an EMI Payment on My Loan?

Missing a Reliance ARC 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: Missing payments can lower your score, making it more challenging to get credit cards, loan numbers, or mortgages later.
3. Legal Consequences: If you keep missing payments and become a chronic defaulter, the bank might take legal action against you.
4. Interest Keeps Adding: Not paying your EMI doesn't stop the interest from piling up. Unpaid interest grows, meaning you will owe more in the long term.
5. 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 come with higher interest rates.

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