To complete your loan application, you need to agree to three documents.
- Term sheet. A summary of the loan terms, conditions and policies, along with details of the securities pledged for the loan.
- Master Loan Agreement (MLA). A detailed legal agreement between you and Zerodha Capital setting out all terms, conditions and obligations related to the loan and any future disbursements under it.
- E-pledge consent. An OTP-based authorisation provided through CDSL that allows your securities to be pledged and the loan processed against them.
Where you receive the agreement
Once you finish applying, the Master Loan Agreement is sent to your registered email address. This email comes from Digio, the onboarding partner.
Keep the MLA safe: it records the interest rate, tenure and other terms that apply to your specific loan.