ShreeVishnupriya Finance and Leasing Ltd focuses on providing financing solutions to individuals and businesses through streamlined lending operations. With a growing number of loan agreements, leasing contracts, and borrower documentation, the company required a faster, legally compliant way to execute agreements without delays caused by manual processes. To modernize its documentation workflows, ShreeVishnupriya Finance partnered with Melento to implement eSign and Digital Stamping solutions.
The Challenge
The company relied heavily on physical stamp papers and wet signatures for executing loan and leasing agreements. This created several operational challenges, including procuring physical stamp papers across jurisdictions, signing the documents physically or via courier, delays in activating loan agreements, disbursing funds, and manual storage and tracking of executed contracts. These issues increased turnaround times and created operational friction in the company’s lending workflow.
To simplify execution and accelerate lending processes, ShreeVishnupriya Finance implemented Melento’s compliant digital stamping and eSign workflow, enabling the company to execute agreements digitally while maintaining legal validity and audit compliance.
The Turning Point
Enabled real-time, state-wise eStamping via SHCIL and eSBTR integrations, ensuring legally compliant loan documentation across regions.
Automated stamp duty calculation and denomination selection, eliminating the need for physical stamp procurement.
Implemented Aadhaar-based eSign and OTP-based signatures for secure borrower and internal approvals.
Allowed borrowers and company representatives to sign agreements digitally without physical presence.
Combined stamping and signing in a single automated execution process.
Generated tamper-proof, legally valid digital agreements with complete audit trails.
| Metric | Before Melento | After Melento |
|---|---|---|
| Loan Agreement Execution | Physical stamping and manual signatures |
Fully digital stamping
and eSign |
| Turnaround Time | 3-4 days |
Reduced to 65%
|
| Borrower Signing Process | In-person or courier-based |
Aadhaar/OTP-based digital signing
|
| Compliance Documentation | Manual records |
Automated audit-ready
records |
| Operational Costs | High logistics and paperwork |
Reduced
administrative costs |
Financial institutions handling loan agreements and leasing documentation require fast, compliant execution processes to improve borrower experience and operational efficiency.
With Melento’s eSign and Digital Stamping solutions, lenders can digitize end-to-end loan documentation, reduce turnaround time for loan execution, maintain legally compliant agreements across states and improve compliance and audit readiness.
