LokSuvidha loan payment
LokSuvidha, established in 2008, connects credit institutions to rural Indian consumers. Specializing in financing across Maharashtra, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh, they offer efficient loan payment solutions to unbanked and under-penetrated segments.
LokSuvidha is one of the leading fintech companies in India that offer instant low-interest loans with quick disbursements and lesser documnetation. Along with these facility, LokSuvidha also want a hassle free payment system for their customer so that they can repay their loan EMIs easily.
Bajaj Finserv BBPS is one such online platform where LokSuvidha customers can easily view and pay their loan EMIs at the convenience of their home.
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Know the types of loans provided by LokSuvidha
Here are the three types of loans that are provided by LokSuvidha.
Two-wheeler loan: LokSuvidha provides two-wheeler loan starting from Rs. 15,000 upto 95% of asset cost. It provides so with minimum documentations and low interest rate. Once you complete all the requirements, the loan amount is instantly approved and disbursed.
Personal loan: LokSuvidha also provides personal loans upto Rs. 1 Lakh with minimum documentation. The interest rate ranges between 14% to 24%.
E-Rickshaw Finance: LokSuvidha disburses the loan amount for E-Rickshaw at a competitive interest rate for a tenure of 1-3 years. It also provides refinance option available for purchase of batteries.
Benefits of making LokSuvidha loan payment on Bajaj Finserv
Here are the benefits of paying LokSuvidha loan using the Bajaj Finserv BBPS platform:
1. Quick and hassle-free
With Bajaj Finserv's BBPS platform, you can pay your LokSuvidha loan quickly and effortlessly.
2. 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.
3. Multiple payment options
Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, and UPI. This allows you to choose the payment method that suits you best.
4. Instant confirmation
After making the payment, the platform immediately confirms the payment through an email and SMS.
How to make LokSuvidha loan payment online on Bajaj Finserv website
Follow these steps to make LokSuvidha loan payment online on Bajaj Finserv website.
- Visit the official website of Bajaj Finserv
- In the ‘PAYMENTS’ section, click on ‘PAY NOW’ under ‘LOAN REPAYMENT’
- Search and select your loan provider ‘LokSuvidha’
- Enter the ‘LOAN ACCOUNT NUMBER’ and click on ‘PROCEED’
- Select your preferred mode of payment among credit card, debit card, UPI, e-Wallet and net banking
- Enter the payment details and click on ‘PAY NOW’
You will get a notification from Bajaj Finserv after successful payment.
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.'
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Bajaj Finserv app for all your financial needs and goals
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Frequently asked questions
The interest rate for LokSuvidha Finance ranges from 14% to 24%, depending on various factors like credit score and loan amount.
Currently, you cannot change the EMI due date for LokSuvidha EMI payments.
To update personal information like address or mobile number in your LokSuvidha loan account, contact customer care at +91 92090580002.
