We discussing about the profile most important (negative profile, negative area, rating, turnover, eb) consecutively check the cases requirement of loan amount and purpose of usage, existing obligations recent bounces own house proof, business proof etc…
2. KARZA
GST based Initiate karza link complete with in 10 min before the customer confirmation and after that get screenshot of the karza completion, getting report with in12 hours. karza report will decided to next move.
3. PRE SANCTION
KYC (APPLICANT AND CO APPLICANT) GST, MSME,3B ALL BANK STATEMENT (1 YEAR) LAST 2 YEARS ITR LETTER HEAD -3 LOAN TRACKS, LOAN CLOSURE, ACCOUNT CLOSURE, UPLOADING IN PORTAL.
4. FIELD INSPECTION:
Customer place field visit checking as aadhar card address same to residential and GST address to same in business, checking the given proofs of the documents.
5. FRAUD CONTROL UNITS
Our banking institutions need a fraud control units in place before they receive loan applicants. To monitor any suspicious transactions in the accounts of individuals whose loans require sanctioning.
6. PROBABILITY OF DEFAULT
Probability of default is a financial term describing the likelihood of a default over a particular time horizon.it provides an estimate of the likelihood that a borrower will be unable to meet its debt obligations. PD is used in a variety of credit analyses and risk management.
7. ANCHOR LIST
Once initiate karza (GST) top anchor list, vendor details need to get the client (customers, suppliers)
8. POST SANCTION
*1.KYC *2. GST, MSME *3. ITR 2 YEARS *4. DPN *5. NACH *6. LETTER HEAD *7. PARTNERSHIP FORM *8. CHEQUE LEAVES -5 *9. BANKING STATEMENT
9. DIGITAL LIMIT SET
Customer profile based on limit will set by digitally.
10. PROCESSING FEES
Loan amount basis 3% processing fees with gst.
11. INVOICE DATE CONFIRMATION
Once customer paid processing fees move to invoice part last 20 days duration top selling company invoices date wise.
12. INVOICE UPLOADING
Collect the invoices check date, seal, signature, and company name after that upload in share point.
13. DIGITAL SANCTION LETTER
Digital sanction letter comes to our office credit mail and operation mail, once receive mail explain clearly to the customer.
14. BANK SIGNATURE VERIFICATION
Customer wants to submit BSV to our branch. (loan disbursement account)
15. SIGNING BOARD
Customer comes to nearest branch and sign digitally.
16. DISBURSEMENT (70%)
Total loan amount into 70% will be disbursement based on invoice.
17. CASH COLLATERAL
Once customer receive the 70% loan amount to given account, need to pay for CASH COLLATERAL depends on profile basis.
18. DISBURSEMENT (30%)
Customer once paid Cash collateral remaining loan amount (30%) will disbursement based on invoices and hold to first 3months interest.
