E-NACH
E-NACH Registration
With eNACH payment service, you can now easily pay your loan EMIs from your bank account, without the need for paper based mandates. eNACH stands for Electronic National Automated Clearing House.
All you need to do is, complete a one-time authentication for registration of the mandate with your Net Banking or Debit card or Aadhaar details, after which all subsequent payments will not require your intervention.
Benefits
- Simple and hassle-free process for collecting recurring payments
- Enhanced user experience as a result of error-free registration and payment automation
- Avoidance of late fees and penalties due to timely auto-debit of transaction amount
- 24 X 7 capability for mandate registration directly from website, no need to visit the branch
Process
- Open the eNACH registration page.
- Login using your loan account number, date of birth and registered mobile number.
- Upon entering and verifying the OTP, you will be shown the details of the loan and the mandate.
- Proceed further by selecting either Debit Card or Net Banking or Aadhaar to register the mandate.
- Once you select the option, your bank page will open up where you will need to enter the details required.
- The bank may require you to enter an OTP to complete the registration.
- Once you have completed the required steps, it will show you a confirmation page.
- You will be redirected to the eNACH portal showing you the confirmation page of successful registration.
- Physical mandate can be submitted visiting nearest Nestavia Home Finance Branch if E-mandate is not registered for any technical reason or customer bank is not offering the E-mandate registration facility.
E-NACH Cancellation
Cancellation request can be submitted online for both Physical and eNACH mandates registered towards repayment of loan.
Benefits
- Simple and hassle-free online process for submitting the mandate cancellation request once loan account is closed
- 24 X 7 capability for mandate cancellation request directly from website, no need to visit the branch
Process
- Open the eNACH registration page.
- Login using your loan account number, date of birth and registered mobile number.
- Once you have completed the required steps, it will show you a confirmation page.
- Request for cancellation of mandate can be submitted visiting nearest Nestavia Home Finance Branch if E-mandate is not cancelled for any technical reason or customer bank is not offering the E-mandate cancellation facility.
