Recharge and Pay Bills
Make Agora Microfinance loan repayment online
Agora Microfinance India Limited is a non-banking financial company (NBFC) that offers microfinance services to low-income households and micro-enterprises. Agora provides financial support to its customers by providing them with access to credit, savings, insurance, and other financial products and services.
Experience the ease of making EMI payments anytime, anywhere, without the hassle of extensive paperwork with the Bajaj Pay platform on Bajaj Finserv. The user-friendly platform ensures a simple and welcoming experience, providing customers with swift and hassle-free payment solutions. The Reserve Bank of India (RBI) introduced the BBPS (Bharat Bill Payment System) concept to streamline digital payments, aiming to enhance the efficiency of the payment process.
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Benefits of making Agora Microfinance loan repayment using the Bajaj Finserv BBPS platform
Some of the benefits of making Agora Microfinance loan repayment on the Bajaj Finserv BBPS platform include:
- Quick and hassle-free: With the BBPS platform on Bajaj Finserv, you can repay your Agora Microfinance loan quickly and effortlessly.
- Safe and secure: The Bajaj Finserv BBPS platform is safe and secure. Your payment details are secure with the platform’s robust security measures.
- Multiple payment options: Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, e-wallet, and UPI. This allows you to choose the payment method that suits you best.
- Instant confirmation: After making the payment, the platform immediately confirms the payment status through an email and SMS.
Types of loans offered by Agora Microfinance India Ltd
Agora Microfinance offers various types of loans to cater to the diverse financial needs of its customers. Some of the types of loans provided by Agora Microfinance include:
- Business loans: Financial assistance for small businesses and enterprises for purchase of equipment or machinery and to expand their existing business.
- Livelihood loans: These loans are specifically designed to support the livelihoods of low-income households. By allowing them to start small businesses or expand existing ones such as vegetable vending, handloom weaving, or running small shops.
- Agriculture loans: These loans are offered to help improve crop productivity (purchase of seeds, fertilizers or by adopting modern farming methods), income, and the standard of living for farmers.
- Education loans: This loan is provided to help parents with their children education and to improve their future prospects.
- Home improvement loans: This loan is offered to help families improve their living conditions by carrying out repairs and renovations of their home.
- Health loans: This loan is provided to customers to aid their families to get timely medical care and meet the medical expenses.
Fees and charges
A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.
Note: For failed transactions, the total amount including charges except taxes are reversed.
Pay bank loans by other lenders
Apart from Agora Microfinance loan repayment, you can pay EMI for other loan providers across India, such as:
Steps to make Agora Microfinance loan repayment on the Bajaj Finserv app
Making Agora Microfinance loan repayment on the Bajaj Finserv app is a very easy process. Follow these simple steps to make your payment online:
- Download and install the Bajaj Finserv app from Google Play Store or App Store
- Login with your credentials
- Go to ‘BILLS AND RECHARGES'
- Select ‘LOAN REPAYMENT' under the ‘FINANCIAL SERVICES AND TAXES’ section
- Select ‘AGORA MICROFINANCE INDIA Ltd - AMIL’ as the issuing bank and enter your Loan Agreement Number
- Enter the loan amount and select your preferred payment mode
- Make the payment to repay your loan
Once you have completed the payment, you will receive an e-receipt, which you can keep for future reference.
Steps to make Agora Microfinance loan repayment on the Bajaj Finserv website
Here is how you can repay Agora Microfinance loan online on the Bajaj Finserv website:
- Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
- Go to the ‘BILLS AND RECHARGES’ under the ‘PAYMENTS’ section
- Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LOAN REPAYMENT’
- Choose your biller from the drop-down
- Enter your loan account number and click on ‘FETCH YOUR BILL’
- Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
You will receive a notification from Bajaj Finserv after successful payment.
Bajaj Finserv app for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
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Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
Yes, Bajaj Finserv also provides other recharge services such as:
Yes, Bajaj Finserv also provides other bill payment services such as:
You can reach Agora Microfinance India Limited (AMIL) through the following channels:
- Email: Send your inquiries to info@amil.co.in.
- Phone: Call their customer support at +91 8655010063.
- Corporate and Registered Office Address:
- Agora Microfinance India Ltd.
- Office No. 404, 4th Floor, A wing, Technocity Premises Co-op Society Ltd,
AMIL provides various types of loans to cater to different financial needs:
- Business loans: For small businesses and enterprises to purchase equipment or expand existing operations.
- Livelihood loans: Designed to support low-income households in starting or growing small businesses (e.g., vegetable vending, handloom weaving, small shops).
- Agriculture loans: Aimed at improving crop productivity and farmers’ income.
Education loans: To assist parents in funding their children’s education and enhancing their future prospects.
When considering prepayment, keep the following factors in mind:
- Prepayment fees: Some lenders may impose charges for settling the loan early. Review your loan agreement to understand any such fees.
- Total payoff: Request a payoff statement from your lender, which outlines the remaining loan balance and any applicable prepayment fees.
- Part Prepayment: Instead of full prepayment, consider settling a portion of the outstanding principal. This can reduce interest costs and potentially shorten the loan tenure.
