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Lenders* register themselves on the OpenTap website and upload ID and address proof documents. OpenTap follows a meticulous process of vetting the documents submitted. If the documents are in order, the lender is approved.

Lenders then get access to the OpenTap approved loan applications. They can then decide which loans they would like to fund. Loan processing procedures follow.

*Eligible lender requirements
  • Should be 21 years (and above) of age

  • Should be an resident Indian citizen

  • Should have valid ID and address proof

  • Should have valid bank account