P2P lender Faircent.com has launched e-Sign facility in partnership with eMudhra to allow seamless and paperless loan agreement between the borrowers and lenders online.
e-Sign is part of the India stack conceptualised by the current government under the digital India initiative.
“It will also help Faircent in enhancing its operational efficiency by reducing human intervention, resulting in lesser turnaround time thereby faster loan disbursal”, Faircent.com said.
The e-Sign facility is only available for borrowers holding an Aadhaar card with access to the mobile registered with the Aadhaar card.