Comply with RBI’s new digital signing requirements for digital lenders in less than 9 days
With Leegality Document Infrastructure:
Digital Lenders can automatically affix digital signatures on digital loan kits at scale via Secure Doc Signer
Digital Lenders can collect explicit, auditable consent from customers with 15+ secure consent methods
Digital Lenders get an Evidence Act compliant audit trail for paperwork - for easy RBI audits
Banks, NBFCs and Fintechs had to comply by Nov 30, 2022. Not complied yet? Contact us now
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RBI’s new digital lending guidelines mandate a clear loan document trail backed by digital signatures and explicit consent - we can help you
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Affix Bank/NBFC digital signatures automatically and securely on each digital loan kit
Rule 5.3 requires REs (Banks/NBFCs) to digitally sign loan document kits.
Comply using with Leegality Doc Signer Plugin:
- Ensure Bank/NBFC digital signatures are affixed on each loan kit before they reach the borrower
- Leegality will procure and host Doc Signer for you
- No manual signatures or initiation needed - everything happens automatically
Collect explicit, auditable consent from borrowers on digital loan paperwork - while minimizing drop offs
Standard click-wrap processes are insecure and non-compliant with the spirit of RBI’s new guidelines.
But drop offs with a more complex process are a valid concern.
With Leegality you can move away from click-wrap - while continuing to offer a smooth customer experience:
- Aadhaar eSign
- Secure Virtual Sign
- Secure, Auditable Click-wrap
Be Audit Ready with our Secure Audit Trail
The RBI wants to know who gave consent, when, and from where. Our Evidence Act compliant Secure Audit Trail captures each and every detail of the digital paperwork journey and acts as 100% proof of compliance.
Leegality is helping 200+ lenders and fintechs build compliant digital flows for their lending paperwork
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Still have questions? Need more information about this?
Check out our complete FAQs on the new digital signing requirements:
- For Legal teams: Legal analysis of the new digital signing provisions in the guidelines
- For product, digital and ops teams: Sample illustrations about how your flow will look
With Leegality, you can comply in 9 days.
Book a call with our Implementation Experts. We’ll:
Discuss your use case in detail
Show you a live demo of the product mapped to your use case
Give you a free testing account
Prepare an action plan to help you go live before the deadline