Loan payments through UPI

Loan payments through UPI

Repay your loans seamlessly using the UPI QR code

  • Simple & secure: One scan, and you are done. No need to manually enter account details.

  • Universal compatibility: Works with all UPI apps across any bank.

  • Transparency: Your first name, photo, and loan account details are included in the page containing the QR code for easy verification. Also, after scanning the QR, your name & loan account number (in form of VPA) details will be visible.

  • Reusable: Use the same QR code until your loan is fully repaid.


Important Notes

  • Refund for overpayment: If you pay more than your outstanding balance, the full amount will be refunded within 5 working days.

  • Inactive after loan closure: Your QR code will be deactivated on the next working day after your loan is closed.

  • Avoid last-day payment: No need to wait for the due date. Payment failures on the last day may result in your loan account being marked as delinquent.

 

  • Generate your QR code: Visit your Banking Unit and submit a signed consent form. A unique QR code will be generated & linked to your loan account.

  • Scan & pay: Open your preferred UPI app (Google Pay, PhonePe, Paytm, etc.), scan the QR code, & make your payment in seconds.

  • Stay notified: Receive instant confirmation via your UPI app & an SMS from the bank once the payment is successful.

Visit your Banking Unit & enquire about your loan QR code. 

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