Previously, repaying the Loan EMIs was a burdensome task involving numerous post-dated checks provided to the lender in advance. Nowadays, repayments are mostly handled online. This way, you continue to repay your loan EMIs and your credit score remains healthy. The online IDFC Loan Payment facility is conducive. Not only does it prevent you from missing EMIs, but banks also send advance notifications, and you can set up standing instructions to repay EMIs on a fixed loan schedule.
Ensure you repay your loan EMIs promptly and on time to maintain a good credit score, it will help you in the future while applying for other loans. Any type of loan can be repaid online. It also saves you a lot of time and effort.
There are various options to pay your IDFC Loan Payment on the given loan schedule by the IDFC First Bank. Net Banking, IDFC First Bank mobile application, Debit Card, Paytm wallet, or other wallets and UPI such as Mobikwik are some of the most preferred online payment options.
Initiating your IDFC loan payment online offers you a multitude of benefits which are listed below.
- Ease of access
When you are opting to pay your IDFC loan online, you can do it from the comfort of your home. There is no need to visit your nearest provider or branch office to get it done. According to the drafted loan schedule or much earlier, you can pay off your loans. The online process is very simple, effortless and has no paperwork involved. By using the IDFC loan payment portal, official website or mobile application, you can swiftly do your IDFC loan payment within minutes.
- The best way to find out about your loan related information
Using the IDFC First Bank app or website, you can view your IDFC loan balance. From finding out the application status of your loan to receiving updates about your loan, you can do everything related to your loan through the IDFC First Bank app and website. Processing your IDFC loan payment has become easier than ever.
It will be very beneficial for you as it will save you time and effort because you don’t have to visit your bank’s home branch for getting your loan-related details. You don’t even need to contact your bank’s customer service department and go through the lengthy and tedious process of getting your loan details. Everything moving online has really simplified and improved things.
- Various payment gateways
When using the official IDFC application, website or other portals like Quick Pay EMI, etc. you can do your repayment according to your loan schedule using various payment gateways. The website and application support credit and debit cards, UPI, e-wallets, Phonepe, Gpay and many more.
With numerous payment options, now you can easily process your IDFC loan payment at your preference and liking. Even if you do not have a credit card, you do not have to worry about anything as other payment methods are available for you.
- Not needed to visit the branch
Before the advent of online processes, people use to visit their nearest IDFC FIRST bank branch to repay or get their IDFC loan. But with the availability of website, application and online means for IDFC loan payment, you do not have to go through the hassles of visiting the nearest office in person.
From the comfort of your home, you can easily process your loan as per the formulated loan schedule. You do not have to step out or stand in queues at the bank to get it done. Your loan repayment is just a single tap away.
- Solid proof of payment
If you do your IDFC loan payment in cash or in form of a check offline, you might risk missing the receipt which is the only proof of payment you might get from the bank of the money lending firm.
But with the online loan payment with the loan schedule, you will get a digital copy of the proof which you can store. Once the loan repayment is made, the proof of payment will be sent to you to the registered mobile number or mail ID. So, you even have solid proof of payment.
How to do your IDFC loan payment online?
Visit the IDFC official website. After that, enter your Loan Account Number and your contact details (email id and mobile number). Then choose the payment option (Billdesk/Paytm/Mpesa) and enter the CAPTCHA code and click on Proceed Next.
Your Loan Account Details will appear on the screen; update the amount and then click Proceed to go forward. Then you will be directed to the bank’s website, where you’ll have to pick the appropriate payment option (Net Banking / Debit Card) and then update your account or card details and make the IDFC loan payment.