Lending

Why is bank upload statement necessary for availing Business Loan?
Bank statement helps generate better offers and acts as proof of the financial statement.
Fri, 23 Sep, 2022 at 6:35 PM
What is E-Mandate or E-NACH?
The digital version of the older paper-based NACH mandates — allows you to digitally approve multiple recurring payment charges at once, which allows auto-d...
Fri, 23 Sep, 2022 at 6:36 PM
Is E-NACH process the same for all the banks?
No. Some banks require debit card details and ATM PIN (eg. Kotak Mahindra Bank ) and some banks require Internet banking credentials ( Customer ID and Passw...
Fri, 23 Sep, 2022 at 6:37 PM
The app is showing that E-mandate is pending at the bank. What should I do?
Disbursement can happen only once the e-mandate is successful. Once you submit the mandate, you must have immediately received a confirmation from your bank...
Fri, 23 Sep, 2022 at 6:39 PM
What is an E-Sign?
E-Sign stands for electronic signature. It is a paperless mode of signing loan agreement online.
Fri, 23 Sep, 2022 at 6:39 PM
How to do E-Sign?
In the e-sign process, you would receive an Aadhar based OTP first and post verification of OTP the document is verified and E-signed.
Fri, 23 Sep, 2022 at 6:40 PM
E-sign is not working. How can it be resolved?
The OTP could have expired. Try the ‘Resend OTP’ option in OTP window and get a fresh OTP.
Fri, 23 Sep, 2022 at 6:40 PM
Why should I E-sign the loan agreement?
The E-signing makes the Loan Agreement a legally binding agreement and states that once a loan is disbursed to you, you are liable to pay back the entire am...
Fri, 23 Sep, 2022 at 6:41 PM
My approvals are done and bank mandate is submitted but loan has not been disbursed. Why?
For a loan to be disbursed, the e-mandate has to be authorized by your bank. Once you submit the mandate, you must have immediately received a confirmation ...
Fri, 23 Sep, 2022 at 6:50 PM