Follow the steps below to apply for Open Cash / Line of credit:
- Log in/Sign up to Open Money
- Navigate to the Credit Subsection
- Click “Unlock Now” under Open Cash subsection
For Open Cash Onboarding:
- Read and consent to the Terms and Conditions
- Click "Start journey" to proceed
- Enter business entity type and GST number if applicable
- Confirm trade name and registration date and click “Submit”
- Upload the PAN document ensuring clarity and accuracy and click “Submit”
- Verify Aadhaar details through OTP or upload Aadhaar images and proceed
Post this your enquiry will be converted to application. Refresh the page after 1-2 mins.
Once refreshed follow the steps below:
- Upload official bank statements for the last 12 months
- Based on your convenience choose between “Net Banking” and “Upload Statement”
- Go through the points and click “Acknowledge & Skip”
- Under Personal Details: Click a selfie in an area with good lighting.
- Provide current address details and click “Submit”
- Select the appropriate Business proof and upload the document
- Confirm the Bank account details for loan disbursement
Your application will now be reviewed by the lender. Once reviewed you will be able to see the Loan offer.