UPI Mandate clarification

UPI Mandate clarification

We have updated the loan verification process to ensure smooth and secure transactions. Please follow the steps below to complete the process and activate your loan:

  1. Initiate Loan Application:

    • Proceed to apply for the loan in the app.

  2. UPI Verification:

    • You will receive a prompt for mandatory UPI verification. Complete this step to proceed.

  3. Loan Sanction Letter Verification:

    • After UPI verification, you will receive the loan sanction letter. Review and verify it.

  4. OTP Authentication:

    • An OTP will be sent to your registered number. Enter the OTP to proceed.

  5. AutoPay Activation:

    • After entering the OTP, you will see a pop-up on your preferred UPI app (Google Pay, Paytm, etc.).

    • Approve the request with your UPI PIN. A nominal ₹1 will be deducted to activate AutoPay.

Important Notes:

  • Repaying the loan before the due date will automatically revoke AutoPay.

If the user fails to complete the process successfully after three attempts, the user will be blocked.