How to pay Axis bank home loan part payment online?

We all know Axis Bank is renowned for providing personalised loans at low-interest rates. I had opted for a loan from them. Fortunately, I was able to save up enough to repay the loan. I decided to opt for the part payment option. So I am well aware of the part payments for a home loan in Axis bank. Keep reading to know what is Axis bank home loan part payment process.

How to pay Axis bank home loan in part payments?

You must go to the bank branch or loan department of the bank in order to perform an early partial or full prepayment of any house loan. You can perform this method for any bank, including Axis Bank. The authorities will be able to help you there. He or she will take your payment and apply it to the outstanding principal at the time. If the sum is high, you'll probably send this payment by cheque. When the money has been processed, the sum will be changed. This may take 3 to 5 working/business days for a cheque transaction.

How to make loan repayment through UPI at Axis Bank?

You may use UPI to pay back due loans. This can be applied to any sort of retail loan with exception of NRI loans. UPI does not permit regular EMI payments. Here's how to make the payment:

• Log into the UPI app you are using.

• In the app, select your bank and the appropriate bank account linked to your mobile number to create a UPI ID. If this is your first time using UPI, it applies to you.

• Send a transaction to Loans.@axisbank with a name like Loans PPR789789012345@axisbank.

• When this VPA is authenticated, the name associated with the loan account is shown.

• Type the amount and your UPI PIN to make a payment.

• The payment confirmation progress will be indicated as the Name of the Customer Related to the Loan Account, Payment Success/Failure and The cause of failure.

This must have cleared your doubt about the Axis Bank home loan part payment process.