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.
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: www.5paisa.com → Products → Loans Mobile Application: www.5paisa.com → 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 ...