You can check your Home Credit Two Wheeler Loan outstanding amount through the Home Credit mobile app. Open Home Credit Mobile App then click on ‘My Loans’ then select your contract number to view your loan outstanding.
Correspondingly, can home loan EMI be paid by credit card?
Can I pay home loan EMI through credit card? Yes, you can pay your home loan EMI through credit card. Just go to the loan EMI payment page at Paytm and select Credit Card as the mode of payment.
Also to know is, how do I check my loan status?
You may either call or email the customer service department to track the status of your loan. When you call the customer care, you need to provide the reference number along with the registered mobile number to the representative.
What happens if you don’t pay home credit loan?
The most obvious consequence of defaulting on loan payments is a decrease in your credit score. Most lending agencies require borrowers to have a CIBIL score of 750 or more to be eligible to apply for a loan. Missing even 1 EMI payment can result in the borrower’s credit score dropping by 50 to 70 points.
When you fail to pay your EMI on the online loan, the lender will send you an intimation about the amount due to be paid. You can then repay the loan with a penalty as prescribed by the lender. … Failing to pay continuously for more than 6 months will make the lender to write off your account.
The Collection Charge shall be imposed on each Installment Amount that is not paid by the Customer within five days after the relevant due date. The relevant Penalty shall be imposed if the Customer fails to pay an Installment Amount within 30, 60, or 90 days, as applicable, after the relevant due date.