e-NACH (ई-नैच)
e-NACH is NPCI's electronic mandate system that lets a lender auto-debit your EMIs from your bank account after you authorise it once using net banking or your debit card. It replaces paper mandates and is the most common repayment rail for digital loans.
Worked example
You approve an e-NACH mandate of up to ₹12,000 per month; the lender then pulls your ₹4,500 EMI (total repayment ₹27,000 over 6 months) on the 5th of each month automatically. If the account has insufficient balance, the debit bounces and bounce charges apply.