Credit - Open Capital
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...
Wed, 9 Oct, 2024 at 3:57 PM
No. Some banks require debit card details and ATM PIN (eg. Kotak Mahindra Bank) and some banks require Internet banking credentials (Customer ID and Passwor...
Wed, 9 Oct, 2024 at 3:58 PM
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...
Wed, 9 Oct, 2024 at 3:58 PM
E-Sign stands for electronic signature. It is a paperless mode of signing loan agreements online.
Wed, 9 Oct, 2024 at 3:59 PM
In the e-sign process, you would receive an Aadhar-based OTP first, and post verification of the OTP the document is verified and E-signed.
Wed, 9 Oct, 2024 at 3:59 PM
The OTP could have expired. Try the ‘Resend OTP’ option in the OTP window and get a fresh OTP.
Wed, 9 Oct, 2024 at 4:13 PM
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...
Wed, 9 Oct, 2024 at 4:14 PM
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 ...
Wed, 9 Oct, 2024 at 6:34 PM