How to Register Your Loan Against Securities Mandate Online

Registering your Loan Against Securities mandate means providing your bank account and IFSC details and completing verification, and once it's active, it still needs monitoring, an active mandate doesn't guarantee every payment goes through successfully.

• You'll need your actual bank details, not just general information. Have your account number and IFSC code ready before starting registration
• An active mandate doesn't guarantee a successful debit. Insufficient funds or a mismatched detail can still cause a failure, check your account after each scheduled payment to confirm it was collected
• Changing your bank account means registering a new mandate. Your existing mandate doesn't automatically update, you need to go through the process again with your new details
• Incorrect or incomplete details are the most common cause of a failed registration. Double-check everything before submitting, rather than relying on a retry to catch errors

Register your Loan Against Securities mandate through My Account or the Bajaj Finance App with your correct bank account and IFSC details, and check that it shows as active before relying on it for your next scheduled payment.

A Loan Against Securities mandate is an authorisation you provide to set up repayment instructions linked to your loan account. It allows the lender to process loan-related payments through your registered bank account, based on your NACH mandate, according to the applicable loan terms and repayment arrangement.

The mandate registration process requires you to provide your bank account details and complete the applicable verification steps. Once successfully registered, the mandate is recorded as part of your loan servicing process and becomes the authorised repayment instruction for future payments. Review all details carefully before submitting your registration request, and update any changes to your bank details through the applicable official process to keep your repayment arrangement accurate and up to date.

How to register a loan against securities mandate online

Through My Account or the Bajaj Finance App

1. Sign in using your registered mobile number and OTP
2. Select your Loan Against Securities account
3. Go to the mandate or bank details section
4. Enter your bank account number and IFSC code
5. Complete the verification, such as net banking or debit card authentication
6. Check that the mandate status shows as active before relying on it for your next repayment

An active mandate doesn't guarantee a successful debit, insufficient funds or a mismatched detail can still cause a failure. Check your loan account after each scheduled payment to confirm it was actually collected, rather than assuming a registered mandate handles everything automatically.

Why is registering a loan against securities mandate important?

An active, correctly registered mandate keeps your scheduled repayments connected to your loan account through automated collection, reducing the risk of a missed payment simply because you forgot to pay manually. Review your loan details regularly and ensure your registered bank account information stays accurate, particularly if you switch banks.

The details required may vary slightly based on your specific account, but generally include:

Before submitting your mandate request, check that all information is correct. Incomplete or incorrect details are the most common cause of a failed registration.

What should you do if your loan against securities mandate registration fails?

A mandate registration request may not complete if the information provided is incorrect, incomplete, or doesn't meet the required verification process.

• Check the bank account number and IFSC code you entered for any errors
• Confirm your registered mobile number is active and correctly linked
• Retry the registration process through My Account or the Bajaj Finance App
• Contact Bajaj Finance through an official channel if the issue continues after checking these details

Does changing your bank account require a new mandate?

Yes. Changing your bank account doesn't automatically update your existing mandate, the two are handled separately, and one doesn't carry over to the other just because your loan account remains the same.

If you switch banks or close your registered account, follow these steps:

1. Register a new mandate with your updated bank account number and IFSC code, through My Account or the Bajaj Finance App
2. Complete the required verification again for the new account, the same process you followed for your original registration
3. Confirm the new mandate shows as active before assuming your next EMI will be collected from it
4. Continue paying through an authorised manual method until the new mandate is confirmed active, so you don't accidentally miss a payment during the transition
5. Check your loan account after your next due date to verify the payment was actually collected from your new account

Don't wait until your old account is fully closed before starting this process, registering your new mandate in advance, while your old account is still operational, gives you a buffer in case the new registration takes a few days to process or needs a retry. If a scheduled EMI falls due while your new mandate is still being verified, that instalment remains your responsibility to pay manually, it doesn't get skipped or deferred just because your mandate is mid-transition.