How to Pay Loan EMI Through Paytm?

How to Pay Loan EMI Through Paytm?

When making your loan EMI payment via Paytm, you can do that directly from the Paytm app or visit the Hero FinCorp website. If you want to pay loan EMI via the Paytm platform, these are the steps to follow:

Step 1: Download the Paytm app on your mobile phone if you don't have one already.

Step 2: Login to your Paytm account using your username and password.

Step 3: Enter the OTP you receive on your registered mobile number.

Step 4: In the search box, search for Pay Loan EMI.

Step 5: Click the Pay Loan EMI icon.

Step 6: Select Hero FinCorp from the list of lending institutions that appear. Searching for Hero FinCorp in the search box will make the process faster and easier.

Step 7: Select a loan payment mode by selecting one of the options from your Application ID or Loan Account Number.

Step 8: Enter your Application ID if you select that option and your Loan Account Number if you choose the other.

Step 9: Your loan account details, and the due EMI amount will appear on the screen.

Step 10: Add money to your Paytm wallet or use UPI to pay your EMI online via Paytm. 

You can use your net banking, debit card, credit card, or UPI to pay loan EMI online. Once you pay an EMI through Paytm, the platform will save your details and send you a reminder every time the EMI is due. You don't need to enter the details each time you pay a loan EMI using the Paytm app.

How to Pay Loan EMI through the Hero FinCorp Website?

Besides the Paytm app, you can also make your loan EMI payment via Paytm through the Hero FinCorp website. Follow these steps to learn how to pay EMI online using this method:

Step 1: Visit the Hero FinCorp official website.

Step 2: Hover your mouse over the 'Customer Section' at the top of the home page.

Step 3: A pop-up window will appear, from where you must select ‘Retail’ or ‘Corporate’.

Step 4: Select ‘Retail’ and click on the ‘Pay Online’ button.

Step 5: You will see various payment modes to pay your EMI online, including e-wallet, net banking, cash card, debit card, and UPI.

Step 6: Select e-wallet, click on Paytm, and hit the ‘Pay Now’ button at the bottom.

Step 7: You will be redirected to your Paytm platform. From here, you can continue following the steps to pay loan EMI via Paytm.

After making the payment, you will receive confirmation on your registered mobile number and email address. You can download the receipt from the ‘My Orders’ tab.

Notably, you can use Paytm to make EMI payments for any loan, including Mortgage Loans, Business Loans, Used Car Loans, Two-Wheeler loans, Loan Against Property, and Instant Personal Loans.

Conclusion

Are you wondering how to pay a Jumbo loan EMI for your Hero FinCorp financial product? You have multiple options, including internet banking, cash card, debit card, UPI, or e-wallet. Among all the online EMI payment options, Paytm is the most popular and convenient. Follow the simple steps mentioned in this guide to pay loan EMI on time and build a solid credit history to improve your eligibility for future loans. Use a Personal Loan EMI calculator online to keep your EMIs affordable and easily manageable according to your monthly budget.

Frequently Asked Questions

1. Is it safe to pay my loan EMI through Paytm?

Paytm is a trusted platform that uses Paytm Security Shield to protect each transaction against digital theft, fraud, or hacking. 

2. Are there any fees or charges for using Paytm to pay my Hero FinCorp loan EMI?

Paytm offers online EMI payment service 24/7 without any additional charges.

3. Do I need a Paytm account to make the payment?

You will need a Paytm account and get it KYC verified to pay EMIs for your Personal Loans online.

4. Is there a specific time frame for making loan EMI payments through Paytm?

You can use Paytm to pay your loan EMI anytime from anywhere without any specific time frame or limitations.

5. Can I set up auto-pay for my Hero FinCorp loan EMI on Paytm?

Paytm allows you to set up automatic payments for your loan EMIs. However, you must connect Paytm to your bank account and maintain a sufficient balance for a successful loan EMI payment.