Swara Fincare Limited Loan Repayment

Shriram Finance not only streamlines loan processes but also provides an integrated platform, through its Bharat Bill Payment System (BBPS) for easy and secure bill payments. Whether you are seeking loan repayment services or exploring a broader spectrum of financial solutions, Shriram Finance is your trusted guide in navigating the financial landscape.

About Swara Fincare

Swara Fincare Limited is a registered Non-Banking Financial Company – Non-Deposit (NBFC) which was incorporated as a Public Limited Company in 2020. The company has received its RBI certificate of registration in September 2021. 
Swara Fincare, with special emphasis on rural and semi-urban India, aspires to play a pivotal role in the space of financial inclusion by helping each 'stage entrepreneur', and extending appropriate financing solutions, resulting in overall economic upliftment.

How to Pay My Swara Fincare Loan Repayment at Shriram Finance?

To pay your Swara Fincare EMI online with Shriram Finance, follow the step-by-step guide below:

• Visit 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 "Swara Fincare" - Enter the Loan Number and click on "Proceed."
• Verify if the mobile number is correct and click on "Continue."
• Enter the 6-digit OTP and click on "Verify and Continue."
• Review your Swara Fincare loan EMI Payment details and click on "Pay."
• Choose a preferred payment method, enter the required details, and complete the payment.

Why Choose Shriram Finance for Swara Fincare Loan Repayment?

Choosing Shriram Finance for Swara Fincare Loan Repayment offers several benefits:

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

How to Download My Swara Fincare Loan EMI Payment Receipts?

To download your EMI payment receipts online on Shriram Finance, follow the steps below:

1. New Users: After completing your Swara Fincare 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 Swara Fincare Loan Repayment

Making your Swara Fincare loan repayments through Shriram Finance comes with several benefits:

1. Security: Shriram Finance prioritises the security of your financial transactions, ensuring that your Swara Fincare loan EMI payments online are 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 financial services, allowing you to manage your Swara Fincare loan EMI payment online and other financial needs in one place.
4. Timely Reminders: You can expect timely reminders to pay your Swara Fincare EMI before the due dates, helping you to stay on top of your payments and avoid late fees.

How to Check My Swara Fincare Loan Repayment History?

Shriram Finance offers two convenient options to check the history of your Swara Fincare loan repayment:

New Users:

a) After completing your Swara Fincare 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 then click on 'Transaction History' to check your Swara Fincare 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 Swara Fincare loan repayment history.

Different Methods Available for Swara Fincare 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 Swara Fincare Loan Repayment Fails?

1. Contact the service provider or bank: If your bill payment fails, contact the service provider or bank associated with the payment.
2. Raise A Request: You can also 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 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.
• If you want to raise a request for a specific transaction, you can navigate to "Transaction History" and choose the specific transaction, click on the "Need Help" button, provide the necessary details of failure, and click "Submit".

3. Customer Support: Whether it is calculating Swara Fincare loan repayments or any query, reach out to our customer support team for immediate assistance.

What If I Don’t Make My Swara Fincare Loan Repayment on Time?

If you don't pay your Loan Repayment on time, here are some potential consequences:

• Late Payment Charges: You may incur late payment charges, based on the specific terms and conditions of Swara Fincare.
• Discretionary Legal Action: In extreme cases where a significant amount remains unpaid for an extended period, Swara Fincare might, at its discretion, initiate legal proceedings.
• Negative impact on credit score: Failing to make timely loan repayments can lower your credit score, making it difficult to secure future credit or loans, as it signals a higher credit risk to lenders.

How to Check My Swara Fincare Loan Repayment Status on Shriram Finance?

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

New Users:

a) Click the "View Transaction History" button after finishing your Swara Fincare 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 progress of your most recent Swara Fincare 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 payment to your Swara Fincare EMI online.

Know the Types of Loans Provided by Swara Fincare

Swara Fincare offers various types of loans including:

1. Business Loans: These loans are designed to help small and medium-sized businesses grow and develop.
2. Business Loans for Women Entrepreneurs: These loans are designed to support women entrepreneurs in starting and growing their businesses.
3. Agriculture and Allied Loans: These loans are designed to help farmers and other agricultural businesses meet their financial needs.
4. Consumer Durable Loans: These loans can be used to purchase consumer durables, such as smartphones, televisions, and refrigerators.
5. Livestock Loans: These loans can be used to purchase livestock, such as cows, buffaloes, and goats.

How to Calculate Swara Fincare Loan Repayments?

Calculating Swara Fincare loan repayments is easy by just following these steps:

1. Access Swara Fincare's website or app.
2. Enter the loan EMI amount.
3. Choose the loan tenure.
4. Input the interest rate.
5. Swara Fincare will provide you a with loan with the EMI (Equated Monthly Instalment) amount.
6. You can also use Swara Fincare loan prepayment online EMI calculation for a quick estimate.
7. Ensure you meet the eligibility criteria before applying.

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

Missing a Swara Fincare 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 tougher to get credit cards, instant loans, 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: 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. Even if you do get approved, they might come with higher interest rates.

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