Use Case - Banking

Trusted by the best in Indian BFSI

Nobody could imagine that in a business loan vertical something like eAgreements could work. But it’s working so seamlessly – be it a salaried employee, be it a self employed or be it a professional – everybody is comfortable using this platform and that’s why we are able to see such a high conversion rate.

Dhairya Shah

Head of Projects @ Axis Finance

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If I were to just talk about the documentation leg of it, which happens post sanction and pre disbursement, that itself used to take roughly about two to three days and now it takes less than an hour

Sahil Lakshmanan

Chief Business Officer @ Dhanvarsha Finvest

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The customer signing process is so simple now. There is no DSA calling them, no sales manager calling them, they don’t need to plan or coordinate for a physical visit anymore. They can sign in comfort right from their sofa using their mobile or computer. Its so seamless and simple – they view document, enter their Aadhaar number, get OTP, enter OTP and done.

Dhairya Shah

Head of Projects @ Axis Finance

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We have seen a massive boost in productivity, improvement in customer experience and reduction in time. If I talk about unsecured lending, the average productivity of an agent used to be, I would say about 20 odd lakhs a month, in terms of disbursement. Those same guys are literally now closing the month at about between 25 and 30 lakhs. I can see the boost in the funnel because of something like this being introduced.

Sahil Lakshmanan

Chief Business Officer @ Dhanvarsha Finvest

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Paper-based Process

Customer Experience

Customers need to disrupt their day and make time to sign bank documents

Customers can eSign the paperwork from anywhere anytime!

Time Taken

Printing, transporting, signing, processing paperwork takes 5-7 days. Manual errors by agents creates delays

Bank paperwork can be closed in less than 5 minutes. With pre-filled Templates, you eliminate manual errors

Cost

You need to spend money on printing, paper, ink, transport and storage

95% cheaper than paper based documentation

Effort

Your team needs to spend a considerable amount of time to manage and verify documents and data inputs

Your team doesn’t need to spend time processing paperwork and can, instead, focus on better work

Risk

Paper documents get damaged or lost - putting your valuable legal rights at risk

With bank-grade storage, triple-backup and 100% tracking your documents never get damaged or lost

Enforcement

You risk getting bogged down in frivolous challenges to signatures, document authenticity etc.

Documents signed through Leegality have presumptions of validity under the Indian Evidence Act. They’re easier to enforce!

Environment

Resource intensive

Saves trees, water and emissions

Paper-based Process

Customer Experience

Customers need to disrupt their day and make time to sign bank documents

Customers can eSign the paperwork from anywhere anytime!

Time Taken

Printing, transporting, signing, processing paperwork takes 5-7 days. Manual errors by agents creates delays

Bank paperwork can be closed in less than 5 minutes. With pre-filled Templates, you eliminate manual errors

Cost

You need to spend money on printing, paper, ink, transport and storage

95% cheaper than paper based documentation

Effort

Your team needs to spend a considerable amount of time to manage and verify documents and data inputs

Your team doesn’t need to spend time processing paperwork and can, instead, focus on better work

Risk

Paper documents get damaged or lost - putting your valuable legal rights at risk

With bank-grade storage, triple-backup and 100% tracking your documents never get damaged or lost

Enforcement

You risk getting bogged down in frivolous challenges to signatures, document authenticity etc.

Documents signed through Leegality have presumptions of validity under the Indian Evidence Act. They’re easier to enforce!

Environment

Resource intensive

Saves trees, water and emissions

Trusted by the best in Indian BFSI

L Murty

Deputy CEO, Dvara KGFS

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The seamless process offered by Leegality for the digital execution of agreements is commendable. It is easy to use and saves time

Anshoo Sharma

Head of Legal and Risk, Airtel Payments Bank

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“Leegality has been a game changer for our frontend Sales Team. We have got a lot of appreciation and acknowledgement about how seamless life has become for them after Leegality”

Dhairya Shah

Head of Projects @ Axis Finance

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We have seen a massive boost in productivity, improvement in customer experience and reduction in time.

Sahil Lakshmanan

Chief Business Officer @ Dhanvarsha Finvest

Read Case Study

Trusted by the best in Indian BFSI

Special features tailor-made for Banking use-cases

Smooth as butter

Your customers can sign bank paperwork from anywhere, anytime without disruption to their day. They’ll rave about the smooth experience to their friends and family!

Fast as lightning

Close your agreements, forms and other bank paperwork in minutes rather than days and begin your relationship with your customer instantly. Speed also reduces drop-offs!

Reduce costs

Going paperless means you don’t need to spend money on printing, paper, ink, transport and storage. You save money while increasing business!

Easy enforcement in Court

Documents signed through Leegality have presumptions of validity under the Indian Evidence Act. They’re easier to enforce!

Never lose documents again

As soon as documents are eSigned by customers - they are immediately sent right back into your own DMS/LOS/ERP. Paperless documents also don’t get damaged!

Environmentally friendly

Paper based processes are resource intensive. Going paperless saves trees, water and emissions.

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