The NACH form is mandatory to provide while you apply for a loan with us. It can either be submitted through ENACH or signing manual NACH form as per your convenience.
To save your time while you re-apply for a loan in future, the NACH form is approved for the maximum repayment / EMI amount of Instamoney product which is Rs. 28,740/-
This simply means that you do not have to submit the NACH form again for the next loan you apply on our platform, and we can continue with the last NACH form submitted by you, irrespective of the amount you choose for new loan under Instamoney product.
However, the ECS will be presented only for the EMI amount that you are liable to pay for the existing loan.
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