Repay Your Loan Instantly Using UPI
Repaying a loan through netbanking involves multiple steps and delays. UPI (Unified Payments Interface) offers a faster, more convenient alternative, enabling instant transactions. Simply enter the lender’s bank details and make the payment. Backed by banks, UPI is secure, seamless, and accessible anytime, anywhere, eliminating the need to log into net banking.
How to Repay Your Loan Using UPI
- Open Your Preferred UPI App
- Select “Pay via Bank Details”
- Enter the Lender’s Bank Account number, IFSC & Beneficiary name
- Enter the Loan Repayment Amount
- Authorize Payment with your UPI PIN
Let’s see how it’s done on your UPI App:
PhonePe
PayTM
Google Pay
Shifting from NEFT to UPI for loan repayments is not just about speed – it’s about convenience. The ability to make payments instantly, without the need to add a beneficiary or wait for approvals, significantly improves the repayment experience.
So, the next time you need to repay your loan, consider using UPI for a faster, hassle-free process.
