Frequently Asked Questions

FAQarrow iconLoan against MFarrow iconPayments and EMI
Payments and EMI
What amount will be deducted every month from my Savings a/c if I setup the Recommended EMI auto-pay?

An auto-pay helps you repay your loan in easy monthly instalments so that you don’t have to repay a big lump sum at the end of the loan.


Let’s say your recommended EMI is ₹9,000, and minimum monthly due is ₹1,000. On the 7th of every month, there will be a deduction of ₹1,000 from your savings account. 


If you setup this auto-pay, then additional ₹8,000 (₹9000 - ₹1,000) would be deducted from your savings account on the 7th of every months towards loan repayment.

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Our partner bank hosts your Savings Account and follows all security standards per applicable regulations.
Your money is always safe with our banking partner - Federal Bank, is covered under the Deposit Insurance and Credit Guarantee Corporation Scheme. This insures your money up to ₹5 lakh.
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