Thazhayil Nidhi Ltd Loan Repayment

Thazhayil Nidhi Ltd is a dynamic financial institution that offers a wide range of services. Shriram Finance stands as a reliable partner in managing your loan repayment with its user-friendly platforms. Additionally, leveraging the Bharat Bill Payment System (BBPS), ensures easy, secure, and hassle-free payment services, streamlining your financial transactions. 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 Thazhayil Nidhi

Thazhayil Nidhi Limited, established in 1971 is a non-banking financial company (NBFC) headquartered in Pathanamthitta, Kerala, India. With a network of more than 50 branches throughout the state, it is a reputable member of the Reserve Bank of India (RBI), operating under RBI regulations. Additionally, Thazhayil Nidhi holds memberships of the Indian Banks Association (IBA) and the Kerala Bankers Association (KBA). Over its five-decade history, it has built a strong reputation for providing a wide range of financial products and services to its members, all while maintaining competitive rates.

How To Pay My Thazhayil Nidhi Loan Repayment With Shriram Finance?

Here is a step-by-step guide to making quick payment for your Thazhayil Nidhi EMI online with Shriram Finance:

• Visit the Shriram Finance website.
• Navigate to the main menu and click on "Payments," then opt for "BBPS."
• Under "Financial Services & Tax" category select "Loan Repayment."
• Select "Thazhayil Nidhi" - Enter the loan number and click on "Proceed.”
• Verify if the mobile number is correct and click "Continue."
• Enter the 6-digit OTP and click "Verify and Continue."
• Review your Thazhayil Nidhi loan EMI Payment details and click "Pay."
• Choose a 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 Should I Choose Shriram Finance for My Thazhayil Nidhi Loan Repayment?

Choosing Shriram Finance for Thazhayil Nidhi loan repayment offers several benefits:

Convenience: Shriram Finance provides a user-friendly and convenient platform for Thazhayil Nidhi loan repayment, making it easier to manage your financial obligations.

Quick and Easy: The process is streamlined, ensuring a hassle-free quick-pay experience for your Thazhayil Nidhi loan.

Access to Multiple Services: Shriram Finance may offer additional financial services or products, allowing you to conveniently access various financial solutions in one place.

Reward Points: Some Shriram Finance programs offer reward points or loyalty benefits, providing you with incentives for responsible financial management.

How To Download the Payment Receipts Online on Shriram Finance for My Thazhayil Nidhi Loan EMI Payments?

Shriram Finance offers two convenient options to download the payment receipt for your Thazhayil Nidhi EMI Payment online:

New Users: After completing your Thazhayil Nidhi loan repayment, click the "Download Receipt" button.

Existing Users: If you are already a registered user, log in 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 My Thazhayil Nidhi Loan Repayment

When it comes to Thazhayil Nidhi loan repayment, using Shriram Finance as your platform offers several significant benefits:

Security: Shriram Finance prioritises the security of your financial transactions, ensuring that your Thazhayil Nidhi loan EMI payments online are processed safely and securely.

User-Friendly Interface: The platform offers a user-friendly interface, making it easy for you to navigate and complete your EMI payments with convenience.

All-in-One Platform: Shriram Finance may provide access to a variety of financial services, allowing you to manage your Thazhayil Nidhi loan EMI payment online and other financial needs in one place.

Timely Reminders: You can expect timely reminders to pay your Thazhayil Nidhi EMIs before due dates, helping you stay on top of your loan repayments and avoid late fees.

How To Check The Payment History on Shriram Finance for My Thazhayil Nidhi Loan Repayments?

Shriram Finance offers two convenient options to check the transaction history for your Thazhayil Nidhi loan repayment. Choose the one that applies to you:

New Users

• After completing your Thazhayil Nidhi loan repayment, click the "View Transaction History" button.
• Sign up using your name, mobile number, e-mail ID, and mPIN.
• You will be redirected to the Shriram Finance customer portal.
• Visit your profile and click ”Transaction History" to check the transaction history for your Thazhayil Nidhi loan repayment.

Existing Users

• If you are already a registered user, log in to your Shriram Finance customer portal.
• Visit your profile and access "Transaction History" to check the transaction history for your Thazhayil Nidhi loan repayment.

List of Payment Methods Available on Shriram Finance for My Thazhayil Nidhi Loan Repayment

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 Thazhayil Nidhi Loan Repayment Fails?

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

Contact: Reach out to Thazhayil Nidhi 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 log in 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 "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 Thazhayil Nidhi Loan Repayment on Time?

Failing to pay your Thazhayil Nidhi EMI online  on time can negatively impact your credit score:

Negative Impact on Credit Score: One of the most significant consequences is that your credit score can be negatively affected. 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 loans or credit in the future and may result in higher interest rates on any credit you obtain.

How To Check the Payment  Status on Shriram Finance for My Thazhayil Nidhi Loan Repayments?

Shriram Finance offers two convenient options to check the payment status for your Thazhayil Nidhi loan repayment. Choose the one that applies to you.

New Users: After completing your Thazhayil Nidhi loan repayment click the "View Transaction History" button. You will need to sign up using your name, mobile number, e-mail ID, and mPIN. You will be redirected to the Shriram Finance customer portal. Visit your profile and click "Transaction History" to view the status of your most recent loan repayments for Thazhayil Nidhi.

Existing Users: If you are a registered user, sign in to your Shriram Finance customer portal. Visit your profile and access "Transaction History" to view the status of your most recent loan repayments for Thazhayil Nidhi.

Know the Types of Loans Provided By Thazhayil Nidhi

Thazhayil Nidhi offers various types of loans including:

Gold Loan: This type of loan is backed by gold jewellery, allowing you to secure up to 90% of the gold's value. Gold loans generally come with an interest rate of around 10%.

Loan Against Deposit (LAD): LAD loans can be obtained against fixed or recurring deposits held with Thazhayil Nidhi, offering a maximum loan amount of 90% of the deposit value. The interest rate for LAD loans is usually 2% higher than the deposit rate.

Property Loan: Property loans are secured by assets like houses or land, enabling you to access up to 50% of the property's value. These loans typically carry an interest rate of around 12%.

How Can I Calculate Thazhayil Nidhi's Loan Repayments?

To calculate Thazhayil Nidhi's loan Repayments online, follow these steps:

• Access any reliable loan repayment calculator online
• Enter the loan amount.
• Choose the loan tenure.
• Input the interest rate.
• The calculator will provide you with the EMI amount.

Follow these steps for easy EMI calculation and ensure you meet the eligibility criteria before applying for loans.

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

Missing a Thazhayil Nidhi loan repayment can have various consequences:

Late Payment Fee: When you do not make an EMI payment on time, the bank will add a late fee, which is extra money on your regular EMI.

Credit Score Impact: Your credit score shows how trustworthy you are in managing your credits. Missing payments can lower your credit scores, making it tougher to get credit cards, instant loans, or mortgages later.

Legal Consequences: If you keep missing payments and become a defaulter, the bank might take legal action against you.

Interest Keeps Adding: Not paying your EMI does not stop the interest from piling up. Unpaid interest grows, meaning you will owe more in the long term.

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 might come with higher interest rates.

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