The Small Personal Loan is a 7-day bullet-repayment product. There is no EMI schedule and no recurring auto-debit mandate. You repay the full amount (principal + flat interest) on the due date.
How to pay
- Sign in and open your Dashboard.
- Open the active loan card; the exact repayment amount and due date are shown.
- Tap Repay now and complete the UPI payment to the lending partner's VPA. You can also pay via net banking or debit card.
- A receipt is generated in the dashboard once the payment is reconciled.
Early repayment
You can repay any time before the due date at no additional charge. The repayment amount stays the same regardless of when within the 7-day window you pay.
Late repayment
Late payment attracts penal charges and overdue interest as disclosed in your Key Fact Statement, and the default is reported to credit bureaus. Contact support before the due date if you need help.