Manage repayment of your consumer durable loans
When you activate your Insta EMI Card, you need to complete your e-mandate by registering a bank account. This registered bank account is your repayment bank account for all the purchases you made using your Insta EMI Card. Your consumer durable loan EMIs get deducted from this bank account on a pre-set date every month.
However, if you have surplus funds and wish to pay an EMI in advance or foreclose your loan, you can visit our Service portal.
Advance EMIs, foreclosure, and overdue EMIs
In case you fear missing your EMI due date, you can use our advance EMI facility and pay your monthly instalment before time. This facility helps you in avoiding any penal charges applicable in case of missed EMIs and ensures your CIBIL Score remains unaffected. If you’ve missed out on any of your consumer durable loan EMIs, your Insta EMI Card might also get blocked.
You can pay the entire outstanding amount in one go with the foreclosure facility and close your consumer durable loan early. You can foreclose your loan account without paying any additional charges after your first EMI is paid.
If you’ve missed paying your monthly instalment, you can use the overdue EMI facility to clear your dues.
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Make your consumer durable loan payments
You can pay an EMI in advance, clear your overdue instalment, or foreclose your loan in service
- Visit our Service portal by clicking the ‘Sign-in’ button.
- Enter your registered mobile number, and submit the OTP to sign-in.
- Verify your details with your date of birth and proceed.
- Go to 'Service’ section, and select your loan from 'Relations.'
- Click on 'Make loan payments', and select 'Advance EMI' option.
- Select the month for which you wish to make payment and click on ‘Proceed to payment’.
- Select your preferred payment mode and click on ‘Pay now’.
You can also manage your loan repayment by clicking on ‘Pay your consumer durable loan EMIs’. You’ll be asked to sign-in to the ‘Service’ portal . Then, choose the payment type, select your loan account number, and proceed with the payment.
Disclaimer: Please note that the amount paid by you towards Advance EMI is applied for repayment of your monthly EMI only and is not to be treated as part-prepayment or foreclosure of the loan, irrespective of the loan variant availed by you. No interest is payable by BFL on the advance EMI amount paid by you.
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When you make any payment, you can check your updated details in your statement of account. Click on the respective link at the top of this page to know more.
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Check your consumer durable loan account
Sign-in to our service portal in two simple steps and manage your loans.
Frequently asked questions
After paying the foreclosure amount, it takes up to 24 hours for the amount to reflect in your Statement of Account (SOA).However, if you still cannot see the updated loan details, please raise a request with us.
We apologize for the inconvenience. If your EMI payment is updated and you are still getting calls, please raise a request to us.
As this fee is charged in return for the facility of converting your purchase into EMIs at the point of sale, it is mandatory to pay.
Bounce fees are charges against scheduled EMI bounce response from your bank.
A bounce charge would be charged only if your bank returns the EMI presented against your account.
