We make NeSL integration easy for your Bank or NBFC

NeSL is the future of debt documentation in India. Is your organization ready? With Leegality’s NeSL Suite, your Bank or NBFC now has a fast and easy way to integrate AND go-live with NeSL

Empanelled Partner of NeSL

Is your Bank or NBFC ready for NeSL?

Under Section 215 of the Insolvency and Bankruptcy Code - it is mandatory for financial creditors to store debt documentation with Information Utilities like NeSL.

On 11.08.2020, the Ministry of Finance issued a circular to all Banks - advising them to integrate with NeSL’s DDE infrastructure.

It is evident that there is now a serious regulatory push to ensure 100% compliance with the IBC’s NeSL requirement. Sooner rather than later, your Bank or NBFC will NEED to integrate with NeSL.

Why wait?

We're conducting a webinar about NeSL

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An enterprise dashboard experience for your teams

Your product/business/legal teams don’t need to scramble around to book tech teams for an implementation. They can get up and running with NeSL right away through our enterprise dashboard:

  • Instantly populate and send 1000s of NeSL invites without any API integration
  • Track all your journeys, send reminders, manage notifications, generate MIS reports in an easy centralized manner
  • Manage security settings and user/admin access for your whole organization

A low-code Smart API for easy integration

API integration of any new software can be stressful in a Bank or NBFC. Our Smart NeSL API makes it as pain-free as possible:

  • Your product/business/legal teams can configure workflows without tech team involvement
  • Minimal tech team involvement at the time of integration
  • Need to make changes? Make most of them on the dashboard. Call your tech team only when necessary

Our market-renowned support and implementation team will make it even easier

  • Meet your go-live timelines  - We provide you Implementation and Integration Support, Workflow and Template Assistance and customised Infosec guarantees
  • Ensure smooth daily usage - Our support team is available to you round-the-clock, everyday
  • Succeed and Expand - A dedicated account manager will work with you to improve and expand NeSL within your organization

All you need to know about NeSL - a comprehensive webinar

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Leegality NeSL Suite also comes with a tonne of extra value added
features tailor-made for the needs of Indian Banks and NBFCs

More eSign
Choice

Borrowers can sign even if their Aadhaar is not linked to phone/email with our wide variety of eSign options

Digital Stamping
in 25+ States

NeSL eStamping is available in 16 States. Leegality’s BharatStamp allows you to go digital in 25+ States

Tailor-made for
legal teams

Compliance tools like Reviewer, Multi-factor authentication, SSO and others will ma ke it easy for you to get sign-off from your legal team

Prevent signature fraud

With eSign Certificate Verifier - ensure borrowers eSign with their own Aadhaar/DSC

Eliminate signer drop-offs

Leegality comes with video and text guided NeSL journeys for your borrowers

More signers

NeSL is currently built for retail debtor flows. With Leegality you can collect eSign from corporate debtors, guarantors and more

Go live with NeSL in days

Book Now

With Leegality - you can digitize all your documents.
Not just your debt documents

Going fully live with NeSL may help you digitize your debt documentation - but what about your other documentation?

With a single Leegality integration- you can digitize debt documentation via our NeSL Suite and your other documentation via our wider Document Execution Platform

- Account opening forms

- Vendor/Merchant Agreements

- DSA/Partner Agreements

- Employment Agreements

...and more

1000+ top businesses are already going paperless with Leegality.
What are you waiting for?

Frequently Asked Questions

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eSign, or electronic signature, is a legally recognised and enforceable method of digitally signing documents. eSigns have helped do away with the need for physical signatures - enabling people and businesses to enter into agreements with parties located far away, in just a matter of seconds.
The most commonly used eSigns in India are Aadhaar eSign and DSC tokens.
Yes. eSigns rely on a complex underlying technology which makes them an extremely secure way of signing a document and entering into contracts. eSigns are based on a combination of asymmetric cryptographic system and hash functions, which assures the eSign user of the integrity of the signed document. This means that the document cannot be tampered with after the user has affixed his eSign. 
eSign is a legally valid method of digitally signing documents in India. Electronic signatures are explicitly recognised under section 3A of the Information Technology Act, 2000. 
Section 5 of the Information Technology Act provides electronic signatures the legal validity equivalent to that of physical signatures. In fact, electronic signatures are even more legally secure than physical signatures due to the presumptions existing in favour of the authenticity and correctness of electronic signatures under Sections 67A,85A, 85B, 85 C and 90A of the Indian Evidence Act, 1872. To know more, please see our detailed FAQs.
Non-eSign modes of electronic authentication like Click-wrap, Exchange of emails, physical image capture are quite risky and inconvenient because:
1. They don’t ensure the identity of the signer at the time of execution
2. They are hard to prove in Court
3. They are operationally inconvenient
eSigns on the other hand:
1. Ensure the identity of the signer
2. Are covered by presumptions of validity under the Evidence Act
3. Are operationally smooth
eSign can be used to eSign all types of documents.
The only exceptions are documents mentioned in Schedule I of the Information Technology Act, 2000 – which are:
1.  A negotiable instrument (other than a cheque) as defined in section 13 of the Negotiable Instrument Act, 1881 (26 of 1881).
2.  A power-of-attorney as defined in section 1A of the Powers-of-Attorney Act, 1882 (7 of 1882).
3.  A trust as defined in section 3 of the Indian Trust Act, 1882 (2 of 1882).
4.  A will as defined in clause (h) of section 2 of the Indian Succession Act, 1925 (39 of 1925),including any other testamentary disposition by whatever name called.
5.  Any contract for the sale or conveyance of immovable property or any interest in such property.

Book a call with our Document Experts

Drop your details in the form if you want any (or all!) of the following:
  • A product demo tailor-made for your use case
  • The opportunity to ask our Document Experts absolutely any question you have about the product, pricing, use case etc.
  • A FREE sandbox account - where you can test out ALL our features for free
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