What is the process and documents required for the personal loan?

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• How Do I Pay My Personal Loan EMIs?

  Your monthly EMI’s will be deducted from your bank account selected by you at the time of loan application. EMI date will be 3rd of every month.

• How to setup auto debit of my personal loan EMIs?

  Auto Debit of EMI can be setup by providing a Bank Mandate. This comes in the last stage of loan application where you can download the mandate, sign and upload a scan image for the mandate to be processed with your bank.

• How Long Does It Take to Get Approval for a Personal Loan?

  Loans will be processed once the details of your application are verified and your bank mandate is sent to us for processing. Typically, the entire process can be completed within the same working day.

• Are there any additional fees & charges applicable for personal loan?

  Processing fee is 2% to 4% + GST (additional convenience fee of ₹ 500 is also applicable)   Late payment charges in case of default (2% compounded monthly)

• List of documents required for activating FNO/derivative segment

  Post account activation, if you wish to activate FNO or derivative segment, you need to provide financial proof for the same.  To activate the segment, the user can follow the below steps: Through App:  Login to 5paisa App >> Menu >> My Profile >> On ...