How to Pay Extra EMI for Personal Loan?

Paying extra EMI for a personal loan in India is a smart way to reduce the outstanding balance, shorten the loan tenure, and save on overall interest costs. So, how to pay extra EMI for personal loan HDFC? In HDFC Bank, extra EMI payments can be made through PayZapp or NetBanking. After logging into HDFC NetBanking, you can go to the Loans section, choose your personal loan account, and select the repayment or prepayment option. 

Payments can also be made directly using debit card, UPI, or auto-debit through PayZapp, making it convenient to pay any additional EMI instantly.

How to Pay Extra EMI for Personal Loan ICICI Bank?

For ICICI Bank, you can log in to ICICI Loan Payment Portal or NetBanking. After logging in, navigate to the Loan Payments section, enter your loan account number, and select Repay/Prepay Loan. You can then pay via NetBanking, debit card, or UPI.

Additionally, ICICI provides the option of using its iMobile Pay app where you can go to

Pay Loan Dues and make the payment. In all cases, after successful payment, a receipt is generated which serves as proof of extra EMI repayment.

How to Pay Extra EMI for Personal Loan Axis Bank?

For instance, in Axis Bank, customers can pay extra EMI or overdue charges by visiting Axis Bank Loan Payment Portal (

). On this page, you need to select the “Pay your Loan EMI/Charges Overdue

option, enter loan details like Loan Account Number, mobile number, and proceed to payment via net banking, debit card, or UPI.

Thus, by using bank-specific online platforms or apps, one can easily pay extra EMIs without visiting the branch, ensuring faster loan closure and interest savings.

So, most banks allow customers to make additional EMI or part-prepayment online through their digital platforms or offline at branches. The process is simple but differs slightly from one bank to another.

Well, Suman, A friend of mine asked can I pay extra EMI for personal loan the other day. I told him yes he could and also shared a method to do the same. So, I will be able to help you out with this. You can do a part prepayment of the personal loan which helps you to make extra payments towards your EMI and lower it gradually. 

Process to Pay Extra EMI for Personal Loan

Here are the steps you can take:

1. First and foremost, confirm if your lender offers to facility to do part prepayment on the loan account. If they do, understand all the terms and conditions well.

2. Figure out the impact the part pre-payment will have on your finances and how much extra payment would be feasible.

3. Go to the website of the lender and log into your loan account. You can the make the prepayment through the options in the menu. 

This is how to pay extra EMI for personal loan. I am hoping this will help you.

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Some related information:

How to preclose ICICI Personal Loan?

I was planning to take out a personal loan, but before that, I wanted to know if I could pay more EMI. To know about this I reached out to my uncle, who is a retired SBI manager. I asked him can we pay more than EMI in personal loan. He told me that we can do that but that is only possible before taking up the loan. 

Can I Pay More than EMI for Personal Loan?

My uncle told me about four ways through which I can pay extra EMI, and those are

Reduces Loan Principal

My uncle told me that paying extra reduces the outstanding loan amount, which in turn reduces the interest that I owe the bank.

Extra EMI Payments

Next, he told me that some lenders allow their customers to pay extra EMI each year and that is free of any charges.

Lump Sum Payments

He also told me that I can make a larger one-time payments to further reduce the principal amount of my loan

Early Loan Repayment

The final way he told me about was extra payments. He said that by making extra payments I can pay off the loan faster, saving money on interest.

And that’s all my uncle told me when I asked him can I pay more than my EMI in personal loan. I hope this helps.

I took a personal loan last year, and after paying a few months of EMI, I wanted to pay some extra amount with that. As I wasn’t aware whether it was possible or not, I asked a friend about how to pay extra EMI for personal loan. He told me that, it was possible only if bank allows it. 

Can I Pay Extra EMI for Personal Loan?

• My friend told me that few banks allow you to pay two to five times your EMI value at least once a year or more. And he told me to check with my bank to know if this facility is available or not. 

• He told me that paying extra EMI would reduce the outstanding and principal amount of the loan. He also said that this would reduce the interest burden and help me repay the loan faster. 

• Apart from that, he also mentioned that I can make a Lump sum amount payment. This will help in reducing the interest that would have accumulated over the loan tenure. 

• He advised me to make lump sum payments during the initial years of the loan when the principal outstanding is high. According to him, this can have a significant impact on reducing the loan tenure and the overall interest cost.

And that is all that he told me about how to pay extra EMI for personal loan. I hope this is helpful to you.