How to setup auto debit of personal loan EMIs? | 5paisa

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.

Then the EMI will be auto-debited from the bank account that you submitted during your loan application process.

    • Related Articles

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

      Get loans in 3 easy steps- Fill in your details Check your bureau score Set up a mandate & get disbursal  Below are the list of documents that required for the personal loan- Identity proof- A selfie ID proof- PAN Card Address proof- Adhaar card/ ...
    • FAQs on Personal Loans at 5paisa

      1) How can I take a loan through 5paisa? You can avail loans facility through the 5Paisa web or mobile app by clicking on the loan's button under the user section. Website: → Products → Loans Mobile Application: → User ...
    • What is Auto Pay and how to set up Autopay?

      Autopay or mandate is an instruction to your bank to transfer money to 5paisa on a regular basis to fulfill all your Systematic Investment Plan (SIP) registered with us. It helps in effortlessly transferring money to us without you going to the ...
    • 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)
    • Demat Debit and Pledge Instruction (DDPI)

      Demat Debit Pledge Instruction (DDPI) is a process through which you can pledge your securities in a Demat account as collateral to secure a margin and you may sell your purchase transaction without Sell Authorization or T-pin. A POA/DDPI is a ...