Let’s be real—loan statements can look confusing.
With terms like principal outstanding, interest rate, and EMI schedule all crammed into one page, it’s easy to feel overwhelmed.
That’s why Vizzve is breaking it all down for you.
This blog explains each part of your loan statement so you always know where your money is going—and how to stay in control.
🧾 Where to Find Your Vizzve Loan Statement
You can download it anytime:
📱 Vizzve App > My Loans > Download Statement
Available in PDF, easy to share or print.
🔍 What’s Inside Your Loan Statement (Explained Simply)
1. Loan Account Number
Your unique ID for tracking your loan. Mention this in any communication with Vizzve.
2. Loan Type & Sanctioned Amount
This shows:
Your loan purpose (e.g., Personal Loan, Medical Loan)
Approved loan amount (sanctioned principal)
📝 Example: ₹1,50,000 sanctioned on 5th May 2025
3. EMI Amount and Due Dates
Your monthly EMI
Auto-debit date
Total number of EMIs (e.g., 12, 24, 36 months)
💡 Tip: Make sure your bank account has funds on the EMI date to avoid penalties.
4. Principal vs Interest Breakdown
Each EMI includes two parts:
🧱 Principal: The amount reducing your loan
🔄 Interest: The lender's charge for the loan
✅ With each EMI, interest decreases, and principal payment increases.
5. Outstanding Loan Balance
This shows how much you still owe today.
It decreases with every EMI you pay.
💡 Want to close your loan early? This is the number you’ll prepay.
6. Repayment Schedule
A table showing:
Month-by-month EMI dates
How much of each EMI goes to interest/principal
Balance remaining after each month
📊 It’s your full repayment map.
7. Late Payment Charges (If Any)
If you missed or delayed a payment, charges are listed here:
Penalty amount
Date charged
Reason (e.g., failed auto-debit)
8. Prepayment/Credit Details
If you made any early payments or lump-sum deposits, these are noted here with:
Credit date
Amount
Adjustment (against principal or interest)
💬 Common Customer Queries We Get (With Answers!)
❓ Why is my first EMI different from the rest?
Your first EMI may include processing dates or partial interest, depending on your disbursal day.
❓ I paid extra. Why doesn’t my EMI reduce?
Any extra payment may go toward principal reduction, not EMI value—unless requested.
Use our app to request EMI restructuring if needed.
❓ What if I spot a mistake in my loan statement?
Tap:
📱 App > Help > Report Statement Issue
Or contact: support@vizzve.in
We’ll fix or clarify it within 48 hours.
🛠️ How Vizzve Support Can Help You
✔️ Explain your EMI structure
✔️ Help you read your schedule
✔️ Guide on prepayment benefits
✔️ Assist with refund/correction issues
📲 Need Real-Time Help?
You’ve got 4 fast ways to contact us:
In-app Chat – Talk to a live agent
Request Callback via the app
WhatsApp support: +91-XXXXXXXXXX
Email: support@vizzve.com
🧭 Final Word: Knowledge = Financial Control
When you understand your loan statement, you gain more than clarity—
You gain confidence to manage your repayments, plan early closure, and stay in control.
At Vizzve, we’re here not just to lend—but to help you borrow smart.
Published on : 11th July
Published by : SMITA
www.vizzve.com || www.vizzveservices.com
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.