Ujjivan Small Finance Bank Loan Repayment

Ujjivan Small Finance is a prominent financial institution that stands as a beacon of financial empowerment. 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), Shriram Finance ensures easy and secure loan repayment services.

About Ujjivan Small Finance Bank

Ujjivan Small Finance Bank (USFB) is a mass market-focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country. Ujjivan was initially founded in 2005 as a microfinance institution (MFI) named Ujjivan Financial Services.

How To Pay My Ujjivan Small Finance Bank Loan Repayment With Shriram Finance?

Here is a step-by-step guide to making quick Ujjivan Small Finance EMI payments 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 "Ujjivan Small Finance Bank" - 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 Ujjivan Small Finance 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 Ujjivan Small Finance Bank Loan Repayment?

Choosing Shriram Finance for Ujjivan Small Finance Bank loan repayment offers several benefits:

Convenience: Shriram Finance provides a user-friendly and convenient platform for Ujjivan Small Finance Bank loan repayment, making it easy to manage your financial obligations.

Quick and Easy: The process is streamlined, ensuring a quick and hassle-free Ujjivan Small Finance Bank loan quick-pay experience.

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 Can I Download the Payment Receipt for My Ujjivan Small Finance Bank Loan EMIs?

Shriram Finance offers two convenient options to download the payment receipt for your Ujjivan Small Finance Bank EMI Payment online:

New Users: After completing your Ujjivan Small Finance Bank 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." From Here, you can easily select the "Download Receipt" option.

Benefits of Using Shriram Finance for My Ujjivan Small Finance Bank Loan Repayment

When it comes to Ujjivan Small Finance loan repayments, using Shriram Finance as your platform offers several significant benefits:

Security: Shriram Finance prioritises the security of your financial transactions, ensuring that your Ujjivan Small Finance  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 provides access to a variety of financial services, allowing you to manage your Ujjivan Small Finance  loan EMI payment online and other financial needs in one place.

Timely Reminders: You can expect timely reminders to pay your Ujjivan Small Finance EMIs before due dates, helping you stay on top of your payments and avoid late fees.

How To Check the Payment History on Shriram Finance for My Ujjivan Small Finance Bank Loan Repayments?

Shriram Finance offers two convenient options to check the payment history for your Ujjivan Small Finance Bank loan repayments:

New Users

• After completing your Ujjivan Small Finance Bank 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 then click "Transaction History" to check the payment history for your Ujjivan Small Finance bank 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 payment history for your Ujjivan Small Finance Bank loan repayment.

List of Payment Methods Available on Shriram Finance for My Ujjivan Small Finance Bank 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 Ujjivan Small Finance Bank Loan Repayment Fails?

If your Ujjivan Small Finance Bank 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 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 Ujjivan Small Finance Bank Loan Repayment on Time?

Failing to pay your Ujjivan Small Finance Bank loan EMIs on time can result in consequences that may negatively impact your credit scores:

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 Ujjivan Small Finance Bank Loan Repayments?

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

New Users: After completing your Ujjivan Small Finance Bank 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 Ujjivan Small Finance Bank.

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 Ujjivan Small Finance Bank.

Know the Types of Loans Provided By Ujjivan Small Finance Bank

Ujjivan Small Finance Bank offers various types of loans including:

Personal Loans

• Home Loans: These loans are designed to help individuals purchase or construct affordable homes
• Vehicle Loans: These loans can be used to purchase new or used vehicles.
• Micro Loans: These loans are small loans that can be used for a variety of purposes, such as business expenses, education, or medical emergencies.

Business Loans

• MSME Loans: These loans are designed to help micro, small, and medium enterprises grow and develop.
• Business Micro Loans: These loans are small loans that can be used to start or expand a small business.

Agricultural Loans

• Individual Loan: This loan is designed to help farmers purchase agricultural inputs, such as seeds, fertilizers, and pesticides.

How Can I Calculate My Ujjivan Small Finance Bank Loan Repayments?

To calculate Ujjivan Small Finance Bank loan repayments online, follow these steps:

• Access Ujjivan Small Finance Bank's website or app.
• Enter the loan amount.
• Choose the loan tenure.
• Input the interest rate.
• Ujjivan Small Finance Bank will provide you with a loan EMI amount.
• You can also use the Ujjivan Small Finance Bank loan prepayment online EMI calculator for a quick estimate.

Ensure you meet the eligibility criteria before applying for the loan.

What Happens if I Miss an EMI Payment on My Ujjivan Small Finance Bank Loan Repayment?

Missing a Ujjivan Small Finance Bank loan repayment on your loan 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 with credit. Missing payments can lower your score, 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 score 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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