Customers can make an online part payment towards their Loan by following these steps:
• Mobile Banking App, open: Login > Quick links > Loans > Services > Part Payment
• Internet Banking: Login > Loans > Services > Part Payment
Payment options:
• Using Axis Bank account option (No service charges)
• Using More Payment Option - UPI, Net Banking & Debit Card (Service Charge & Tax Applicable as levied by Payment Aggregator)
Online part payment limits:
• Minimum Amount: The highest of 2% of the outstanding loan balance, one EMI amount, or ?1,000
• Maximum Amount: Up to 75% of the outstanding loan balance
Online Part Payment is not allowed in the following cases
• If the first EMI has not yet started
• If the loan account has any overdue payments
• On or within 5 days of the EMI due date (payment can be made before or after this window)
• If the remaining loan tenure is 2 months or less
Please visit your nearest Axis Bank Loan Centre for further assistance in these scenarios.
Important Notes:
• Online part payment is permitted up to 3 times per financial year, with only one successful transaction allowed per day
• If the limit of 3 online part payments is reached, customers can visit the nearest Loan Centre for further payments
• If part payment charges apply to the loan, the received amount will be adjusted after deducting applicable charges and GST (as applicable)