Learn how repayment works for an Upwards Personal Loan, covering payment options, associated charges, timelines, and key responsibilities for borrowers.
Upwards Personal Loan repayment is a simple digital process with flexible payment options. You can repay Upwards personal loan online or offline based on your preference. The process helps you stay on track with your EMI schedule and reduces repayment delays. You also get repayment transparency, which helps you manage your loan better.
Making your Upwards loan payment online can be convenient because you do not need to visit any branch. However, you must follow the repayment terms to avoid penalties. The repayment terms may also vary based on the loan type. You can review these terms before making any decision. You may also check repayment charges, EMI breakdown, and the final payable amount before you proceed.
If required, you can also prepay or foreclose the loan. However, charges may apply. Therefore, compare the terms carefully and find low interest personal loans.
You can repay the Upwards Personal Loan through multiple repayment modes. The process is straightforward, and you can choose the option that suits you best. Below are the key steps for Upwards loan repayment online and offline.
You can make an Upwards Personal Loan repayment online using the following steps.
Visit the official repayment portal - Log in using your registered number or account details
Navigate to the repayment section - Choose EMI payment, full payment, or part payment for online payment for Upwards Personal Loans
Select the payment method - You may use UPI, net banking, wallet, or debit card
Verify the payment amount - Ensure there are no pending interest or penalty charges
Complete the payment securely - Save the transaction receipt for future reference
Another one of the Upwards loan payment methods is offline. You need to follow these steps if you prefer that.
Visit the nearest authorised loan payment centre - Carry your loan account details and identity document
Request the repayment form - Fill in the loan number, EMI amount, and selected payment mode
Submit the payment using permitted channels - Cash availability may vary based on the repayment terms
Collect the stamped receipt - Keep it safely for repayment record purposes
To estimate your Upwards Personal Loan repayment, you need three key details: the loan amount, the interest rate, and the loan tenure. These factors help determine your EMI (Equated Monthly Instalment), which is the fixed amount you pay every month until the loan is fully repaid.
Details required to calculate an EMI:
Loan Amount (Principal): The total amount you choose to borrow.
Interest Rate: The annual rate of interest charged by Upwards.
Repayment Period: The loan tenure, expressed in months or years.
EMI Formula:
EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n – 1]
Where:
P = Principal loan amount
r = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
n = Total number of months in the loan tenure
Example:
Suppose you opt for an Upwards Personal Loan of ₹1,00,000 at an annual interest rate of 10% for 24 months:
P = ₹1,00,000
r = 10% ÷ 12 ÷ 100 = 0.00833
n = 24 months
Using the EMI formula, the monthly instalment comes to ₹4,947.44. This EMI includes both the principal and interest components and remains constant throughout the repayment period.
Repayment may involve additional charges depending on the terms. These charges can vary based on the repayment behaviour and type of request.
Late Payment Fee - A penalty may apply if you miss the repayment date. This ensures repayment discipline
Foreclosure Charges - Charges may apply if you close the loan before tenure completion
Part-Payment Charges - Making a partial payment towards the principal may also attract charges
Cheque Bounce Penalty - A penalty may apply if repayment through cheque fails
Statement or Duplicate Document Fee - Charges may apply for additional official copies
Disclaimer: All fees and charges mentioned are indicative and may vary based on the payment method, loan type, and transaction amount. It’s advisable to check with the lender for the latest updates on loan repayment fees.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time, amongst other conditions.
You can log in to the official portal using your registered mobile number and navigate to the statement section to view, download, or share it easily.
Log in to your loan dashboard and open the repayment section. You can track monthly EMI deductions, penalties, and completed payments in one place.
You can repay using UPI, debit card, net banking, wallets, or offline centres. The availability may depend on your preferred repayment mode.
A missed payment may attract penalties and affect repayment scheduling. Continuous delays may also influence future borrowing decisions and repayment behaviour evaluation.
Visit the repayment history section on the portal and click download for the selected month. Save the file for your records or submission.
Sign in to your loan account using your registered credentials and track repayment status, EMI progress, outstanding balance, and payment timelines.
Repayment terms depend on the sanctioned amount, tenure, applicable charges, and schedule. Review the terms before taking repayment decisions.