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.
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/ ...
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)
5paisa by itself does not lend money for personal loans. We have tie up with India Infoline Finance Limited (IIFL), a reputed NBFC to provide personal loans to our 5paisa customers.
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.