How to apply
Nine steps, about ten minutes
Everything happens on your phone. There is nothing to print, nothing to post, and no branch to visit.
- 1Download the FriendLoan app from the Google Play Store
- 2Verify your phone number with an OTP
- 3Enter your business details — what you do and where
- 4Complete photo KYC with your Aadhaar and PAN
- 5Connect your bank account through net banking for statement verification
- 6A field officer visits your shop and films it for the credit assessment
- 7Complete a short video call with our credit team
- 8Sign the agreement with an Aadhaar OTP e-sign
- 9Approve the auto-debit mandate — funds reach your account the same day
What you need
Net banking is required because your bank statement is verified digitally and the repayment mandate is signed online — there are no paper statements or cheques anywhere in the process.