SK Finance Ltd. Loan Repayment

Shriram Finance, a pillar of trust and efficiency, offers many convenient loan repayment solutions. The platform helps shape a secure financial future through BBPS services.

About SK Finance

SK Finance offers online loans with flexible EMI payments and minimal documentation. Salaried individuals with good credit scores can apply for loans of various amounts and tenures. Interest rates are competitive, and loan applications are processed quickly.

How to Pay My SK Finance Loan Repayment on Shriram Finance?

Here is a step-by-step guide to make quick and easy SK Finance loan 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 "SK Finance" - Enter the loan number and click on "Proceed.”
5. Verify the mobile number and click "Continue."
6. Enter the 6-digit OTP and click "Verify and Continue."
7. Review your SK Finance 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 My SK Finance Loan Repayment?

Choosing Shriram Finance for SK Finance loan repayment offers several benefits:

1. Convenience: Shriram Finance provides a user-friendly and convenient SK Finance loan repayment platform, making it easy to manage your financial obligations.
2. Quick and Easy: The application process is streamlined, ensuring your SK Finance loan repayment experience is quick and hassle-free.
3. Access to Multiple Services: Shriram Finance offers additional financial services or products, allowing you to access various financial solutions conveniently in one place.

How to Download My SK Finance Loan EMI Payment Receipts?

Shriram Finance offers two convenient options for SK Finance loan repayment statement download online:

1. New Users: After completing your SK Finance loan repayment, click 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 SK Finance Loan Repayment

When it comes to SK Finance 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 SK Finance EMI payment online is 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 provides access to various financial services in one place.
4. Timely Reminders: You can expect timely reminders to Pay SK Finance Loan EMIs Online before the due dates.

How to Check My SK Finance Loan Repayment History?

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

New Users:

a) After completing your SK Finance 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 check your SK Finance 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 SK Finance loan repayment history.

List of Payment Methods Available for SK Finance 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 SK Finance Loan Repayment Fails?

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

1. Contact the service provider: If your loan payment fails, promptly call the service provider or the bank to inquire about the issue and explore possible resolution options.
2. Raise the request: If your loan payment fails after completing the transaction, you can 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', choose the particular transaction, click on the 'Need Help' button to provide the necessary failure details, 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 Make My SK Finance Loan Repayment on Time?

Failing to pay your SK Finance loan EMI on time can result in the addition of late fees to your existing EMI. Moreover, late or missed payments are reported to credit bureaus, negatively impacting your credit score. A lower credit score can make it more challenging to secure instant loans or credit when you apply online in the future and may result in higher interest rates on any credit you obtain. In chronic defaulting, the institution may initiate legal action at its discretion.

How to Check My SK Finance Loan Repayment Status on Shriram Finance?

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

New Users:

a) Click the "View Transaction History" button after completing your SK Finance 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 SK Finance loan repayment.

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 SK Finance online loan EMI payment.

Know the Types of Loans Provided by SK Finance

SK Finance offers various types of loans, including:

1. Car Loans: You can get car loans for new or used vehicles with competitive interest rates and flexible repayment options.
2. Two-Wheeler Loans: Whether you are looking for a scooter, motorcycle, or bike, SK Finance provides two-wheeler loans with attractive interest rates and flexible repayment periods.
3. Business Loans: SK Finance supports businesses with working capital loans, business expansion loans, and MSME loans.
4. Home Renovation Loans: If you want to upgrade your living space, SK Finance offers home renovation loans. These loans can be used for various home improvements projects, such as kitchen remodelling, bathroom upgrades, or structural renovations.
5. Tractor Loans: SK Finance provides tractor loans for farmers looking to enhance agricultural productivity. These loans are designed to help farmers acquire new or used tractors, empowering them to improve their farming operations.

How to Calculate SK Finance Loan Repayments?

To calculate SK Finance loan repayments online, follow these steps:

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

Ensure you meet the eligibility criteria before being a loan applicant.

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

Missing your SK Finance loan repayment 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. Added Interest: 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.

Download Shriram One Now

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