Belstar Microfinance Limited is a non-banking financial company (NBFC) that provides microfinance services to low-income individuals and small-scale entrepreneurs. It offers a range of financial products and services, including micro-credit, savings, and insurance. One of the most popular services provided by Belstar Microfinance is its microfinance loan.

Belstar Microfinance loans are designed to make credit accessible to people who would otherwise not have access to formal banking services. Belstar Microfinance loans are available for various purposes, such as business investment, education, and healthcare. The loan repayment schedule is also flexible, which makes it easier for individuals to take loans and repay them conveniently.

Belstar loan repayment

Belstar Microfinance offers an online loan repayment facility to its customers. This online option allows customers to pay their EMIs (Equated Monthly Instalment) from the comfort of their homes, without having to visit Belstar Microfinance branches. This online payment option is both convenient and time-saving, making it easier for customers to manage their finances and repay their loans on time.

Other online loan repayment across India

The Bajaj Finserv BBPS platform supports online loan repayment for a list of financial institutions such as Manappuram Finance, IDFC First Bank, Hero Fincorp, Muthoot Finance, ICICI Bank, HDB Finance, Axis Bank, Mahindra Finance, IIFL Finance, and more.

Features and benefits of loan repayment using the Bajaj Finserv BBPS platform

Some of the benefits of making Belstar Microfinance loan repayment on the BBPS on the Bajaj Finserv platform include:

Quick and hassle-free

With the BBPS platform on Bajaj Finserv, you can repay your Belstar Microfinance loan quickly and effortlessly.

Safe and secure

Bajaj Finserv provides a safe and secure payment platform on BBPS. Your payment details are secure with the platform’s robust security measures.

Multiple payment options

Bajaj Finserv BBPS platform offers multiple payment options, including debit cards, credit cards, net banking, 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 through an email and SMS.

The Bajaj Finserv BBPS is a one-stop platform for all your bill payment needs.

How to check loan payment status

Belstar Microfinance allows its customers to check their loan payment status online. Follow these steps to check your loan payment status:

1. Log in to the Bajaj Finserv website or the Bajaj Finserv app
2. Click on the Hamburger menu
3. Tap on ‘MY ORDERS’
4. Select the payment for which you wish to see the status


The interest rate of Belstar Microfinance loan

Parameter	Cycle 1	Cycle 2	Cycle 3	Cycle 4
Loan amount	Rs. 75,000	Rs. 1,00,000	Rs. 1,50,000	Rs. 2,00,000
Repayment terms	30	30	30	30
Interest rate	22%	22%	22%	22%
Moratorium period	0	0	0	0
Processing fee	1.5% on loan amount	1.5% on loan amount	1.5% on loan amount	1.5% on loan amount

Types of loans offered by Belstar Microfinance Limited

Belstar Microfinance Limited provides diverse loan options with the added convenience of online EMI payments. Here is an overview:

Microenterprise loan:

Loan amount: Up to Rs. 15,000 per member.
Type: Individual or group loan.
Repayment period: Up to 12 months.
Interest rate: 24%.
Moratorium tenure: One month.
Processing cost: 1% of the loan amount.

Small and Medium Enterprise Loan:

Loan amount: Microfinance up to Rs. 75,000 in the first cycle.
Repayment period: Up to 30 months.
Interest rate: 24%.
Processing cost: 1% of the loan amount.
Consumer goods loan:
Loan amount: Up to Rs. 3000 per member.
Repayment period: Up to 10 months.
Interest rate: 24%.
Processing cost: 1% of the loan amount.

Student education loan:

Loan amount: Up to Rs. 20,000.
Repayment period: Up to 12 months.
Interest rate: 25%.
Processing cost: 2% of the loan amount.

Sanitation loan:

Purpose: Improve living conditions, hygiene, and sanitation.
Features: Affordable interest rates.
Utilisation: Construction of toilets, installation of water pipes, hand bore wells, water purifiers, etc.

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.

Following are the steps to repay your Belstar Microfinance loan using the Bajaj Finserv mobile app:

1. Click on 'DOWNLOAD APP' to open the Google Play Store
2. Login through the email ID registered with your mobile
3. Click on ‘INSTALL’
4. Open the app on your mobile phone
5. To 'GENERATE OTP,' enter your 10-digit mobile phone number
6. Enter the OTP and click the 'PROCEED' button
7. Click on 'LOAN REPAYMENT' in the 'FINANCIAL SERVICES AND TAXES' section
8. From the drop-down menu, choose ‘BELSTAR MICROFINANCE LOAN’ as your loan provider
9. 'PROCEED' after entering your loan account number
10. Choose your preferred payment method and finish the transaction