How e-sign works
You review the KFS and loan agreement on screen, then sign with an Aadhaar OTP or a digital signature. A copy is sent to your registered email.
How it works
From application to bank transfer in 4 steps
Everything happens on your phone. Here's what to expect at each stage.
The four steps
Step 1
Check eligibility
Enter your mobile number and a few basic details to see your offer.
Step 2
Complete digital KYC
Verify Aadhaar and PAN and securely share your bank statement with consent.
Step 3
Review & e-sign
Check amount, rate, fees and APR in your Key Fact Statement, then e-sign on your phone.
Step 4
Get the money
The lender disburses funds directly to your bank account.
What is a Key Fact Statement?
Before you sign, the lender gives you a one-page KFS. Here's an example using default calculator values.
Key Fact Statement — example
- Lender
- our RBI-registered NBFC partner
- Who you're borrowing from
- Sanctioned amount
- ₹30,000
- What you owe
- Net disbursed
- ₹29,292
- What reaches your bank
- Interest rate
- 24% p.a., fixed
- Price of the principal
- Processing fee + GST
- ₹708
- Deducted upfront
- APR
- 32.5%
- All-in yearly cost
- Repayment
- 6 EMIs of ₹5,356
- Your schedule
- Cooling-off
- 3 days
- Exit without penalty
Signing, repaying and changing your mind
How repayment works
You set up UPI Autopay or e-NACH once. Each instalment is collected automatically on the due date, so you never miss a payment.
Cooling-off period
Changed your mind? Within 3 days of disbursal you can exit by repaying the principal and proportionate APR, with no penalty.
Early repayment
You can close your loan early at any time. Prepayment charges: Nil.