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how do i look at the status of my loan that is active Account?

how do i look at the status of my loan that is active Account?

For instant disbursement of your individual Loan, be sure to keep carefully the information that is following:

  • PAN Quantity
  • Aadhaar card for O- KYC or Smart Card Driving License
  • Banking account and internet banking qualifications
  • For those who have taken that loan with SimplyCash, you can view the current status of your loan account into the ‘Active loan status’ section.

    How secure may be the given information given by me personally?

    SimplyCash makes use of Secure Socket Layers (SSL) data encryption criteria to make sure that there’s absolutely no misuse of any information provided by customers. Also as being element of HeroFinCorp , we stay glued to all applicable RBI instructions and regulations.

    What are my loan tenure choices?

    It is possible to pick various loan tenure choices according to your requirement, which range from half a year to a couple of years according to the EMI amount you like.

    What’s an EMI?

    An EMI or equated monthly instalment could be the similarly split month-to-month instalment that is compensated towards clearing away a superb loan in a period that is stipulated.

    what’s period that is broken?

    In case the initial due date for repayment of EMI is over time of 1 month through the date of disbursement associated with the loan quantity, the excess amount of days beyond this era is recognized as the broken duration. an interest that is upfront deducted with this broken duration through the loan quantity during the time of disbursement.

    which are the forms of price of passions offered?

    Fixed interest could be the only sort of price of interest which is provided for several SimplyCash loan requests.

    How could be the interest charged/ calculated?

    Interest percentage is calculated month-to-month utilizing a reducing balance technique. We think about a 30 day thirty days and 360 day 12 months for interest calculations.

    whenever is my next EMI due? How to see my EMI reputation?

    Your complete loan details, inclusive of EMI status and then deadline, can be obtained as soon as you login for your requirements from the app that is mobile.

    just What will be my instalment period date?

    The installment cycle date are 8th each and every month.

    could i create a right part pre-payment ?

    According to the SimplyCash policy, component pre-payment is banned.

    Can I create a advance EMI payment ?

    According to the SimplyCash policy, advance EMI re payment is certainly not permitted.

    By ensuring the following while we remain committed to providing high levels of service to our customers, given the circumstances, we urge our customers to co-operate with us:

  • Select email channel for just about any loan servicing associated request – this will be a channel that’s been strengthened to make certain resolutions that are quick dilemmas raised. While our call center continues to be functional, customers might encounter longer wait times, because they are running at a lower life expectancy ability to support work-from-home policy.
  • Ensure prompt payments of EMIs through digital networks – We urge our clients to stay self- disciplined towards their EMI re-payments. We now have offered many electronic modes of payments on our website that is official encourage our Retail clients to pay for their dues by leveraging similar.
  • This is certainly an unprecedented situation, and now we at Hero FinCorp remain fully centered on conquering the normal crisis that individuals face. Our company is certain that with a small faith and control we will quickly see this example through and normal company operations shall resume.

    In case there is any query relating to your loan, loan or re-payment servicing demands, please do get in touch with us from the below mentioned E-Mail IDs:

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