During loan application, you sign on the Auto debit form (NACH) which allows us to deduct EMIs directly from your bank account. The form has to be approved by your bank before we can deduct the money from your account. The approval generally takes 3-4 weeks depending on your bank. You will be able to see your NACH status on PaySense App.
NACH Active: If your NACH status is active, your EMI amount will get deducted from your registered bank account. You just need to keep a sufficient balance in your bank account on EMI due date.
NACH InProcess/Rejected: If your NACH status is in process/rejected, please make the payment through the payment gateway.
You can tap the ‘Pay Now’ button on PaySense App or can directly go to www.gopaysense.com/pay to see your due amount and make the payment. You can make the payment using a debit card or net banking. There will be an extra payment gateway charge for using gateway services by PayU.
Once the payment has been made, it will take 4-5 working days to settle your payment against your loan.
You can also request to cancel your NACH by filling in this form
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