EMI Payment Method Offered by Hero FinCorp

While many financial institutions offer simplified loan approval and processing systems, not many care about customer convenience beyond loan disbursal. After all, it is the borrower’s responsibility and headache to ensure timely payment of EMIs, failing which the after-effects could be severe. But what if a financial institution offered you EMI payment options that are as simple as sipping a cup of coffee? Yes, Hero FinCorp offers multiple options for making EMI payments. Whether you want to make a personal loan EMI payment, Hero bike EMI payment or any other loan EMI payment, with Hero FinCorp you can do it sitting in the comfort of your home with a few clicks of your mouse or by just visiting their nearest store; whatever is convenient for you. Hero FinCorp offers both online and offline modes of payment. However, remember, the online payment options offered by Hero FinCorp are different for retail and corporate customers.
 
EMI Payment Options at Hero FinCorp:
1: Pay at Store
If you are yet to migrate to online payment options and feel more comfortable with in-person cash transactions, Hero FinCorp gives you the option to simply visit the branch office and pay the EMIs at your convenience. You can easily locate their nearest store from the official website and visit them during working hours. However, this mode of payment is only available for retail products such as a two-wheeler loan, personal loan, and used car loan. At the store, you can pay the EMI using either card or a cheque. Once the payment is made, the cashier will hand you the payment receipt. Simple, is it or not?

               Also Read: All You Need To Know About Your 'emi

2: Cash Cards
A cash card or an electronic payment card is used to make payment from a certain cash reserve. These cards come preloaded with cash such as iCash. These cards include a gift card, payroll card and prepaid card. These can be used for payment of Retail loans. You can use iCash cardss for the Hero Finance online payment.
 
3: RCSA
Hero FinCorp customers can make payments through their Retail Customer Service App (RCSA). You can easily download this app from the Play Store. Borrowers can use the app to check the status of their loan application, for real-time payments, and to make online EMI payment, among other things. You may also use this app to update your KYC and other information. However, remember, this app is only for retail products such as a personal loan, two-wheeler loan and used car loan.
 
4: UPI Payments
Developed by the National Payment Corporation of India and regulated by RBI, UPI enables users to facilitate inter-bank transactions. You can transact through this app 24×7 even on gazetted holidays. Hero FinCorp allows its customers to use this mode to make online loan EMI payment with a few clicks on your smartphone screen. In addition, it is a secure payment method as it does not reflect your account details. 
 
               Also Read: Benefits of Paying EMI Regularly and How You Can Do It
 
5: Net Banking
Net banking, often known as e-banking, is an electronic payment technique that allows customers to do transactions over the internet from the convenience of their homes. You can easily pay Hero FinCorp your loan EMIs through net banking. Apart from making your loan EMI payment, you can use net banking for several other things such as fund transfer, bill payment and more.
 
 
6: Debit Cards
Debit cards are one of the most common payment modes today. With a debit card, you just have to visit the Hero FinCorp website, enter your debit card details along with the loan number; the page will redirect you to the selected card payment gateway where you can complete the authorisation process and initiate the transaction. On the successful completion of your loan payment online, you will receive a transaction reference number. 
 
7: E-Wallets
E-wallets or electronic wallets enable users to transact online without using their bank account or card details. These are prepaid accounts where you can store money for online transactions. However, you must link e-wallets to your bank accounts to enable transactions. Hero FinCorp allows you to pay through various e-wallets such as Paytm, PhonePe, MobiKwik, and Airtel Payment Banks. 
 
               Also Read: To Take Or Not To Take EMI Moratorium Factors To Consider
 
To Conclude
Hero FinCorp not only provides reasonable loan products but also offers services that are convenient for their consumers. One can perform online EMI payment through any of the aforementioned methods. Using RCSA will help you in solving your queries and receiving timely alerts regarding the EMI payments. Apart from all the above-discussed methods, one must keep in mind that the online payment options offered by Hero FinCorp are different for retail and corporate customers.