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Deep Dive in Loan Products
Personal Loan for Salaried
• What is Personal Loan?

• Why People Take Personal Loan / Use of Personal Loan?

• What is Personal Loan Approval Process?

• How Personal Loan Evaluated?

• How Customer will be segmented and what offers will he get?

• Who Offers Personal Loan ?

Contents
• Documents Checklist

• What is Employment Proof? Why its Required?

• Different types of Employment Proof by Company Types?

• Income Analysis from Bank Statement

• Salary Proof / Income Proof Documents

• Documents Overview - KYC Documents

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What is Personal Loan?

Personal Loan is a Unsecured Loan Offers to Salaried Individual to meet

their Personal Expenses.

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Why People Take Personal Loan / Use of Personal Loan?

Personal Loan use for Education, Marriage, Travel ,Repayment of

Loans with friends, or any other Personal Expenses.

People also used for any Medical Exigency.

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What is Personal Loan Approval Process?
Customer Partner
• Visit to Outlet • Lead Creation
• Share Requirements and • Interview Customer and
Profile Details complete Step1 and 2
• Share KYC • Check loan viability and Credit
• Employment Proof Docs Report at Step2
• Bank Statement • Complete Step3 by uploading
• Income Docs all the required documents
• Submit to Loanwiser
• Resolve ASK ( If Required)
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• Cross Verify all data • Document Verification
• Customer Interview • Underwriting Process
• Send to Eligible Bank • Explain T & C
• Use Ask If Additional • Disbursement
document is needed to
present the case better
• Followup with Bank,
Customer, Partner for File
Login, Approval Decision and
Disbursement
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 How Personal Loan Evaluated?
Personal Loan evaluation is based on the following key Areas of Customer Profile. Eligibility is driven by Strength of the Profile in these Areas. If customer is
strong in all areas he will get the loan at best rate. If customer is weaker in few areas then Own House is necessary for some FI Partners to fund.

 Employment Type
 Employment Proof
Transactions
 Bank statement Employment
in Bank
Proof
statement
 Credit Report
 ITR/ Formal
 Residence Address Proof Credit Residential
Report Proof
 Residence Ownership Proof
 Rental Obligations

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Who are Eligible or Not Eligible for Personal Loan?

Eligible Not Eligible

 Salaried Individuals  Self Employed

• Private Sectors • Businesses People are not Eligible for PL

• Govt. Sectors • Freelancer Not Eligible for PL

 Cash Salaried People are not eligible for

personal Loan.

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How Salaried Person will be segmented and what offers will he get?
Based on the Credit & Viability report of the customer, Personal Loan has been categorized into 3 different Segments.

Segment Bank Category Eligibility Criteria Loan Offered

• Working in Pvt Ltd./Public/Govt.
A •
•
Credit Score >720 or New to Credit (If Govt.Emp)
Income Proof :Pay Slip ,Form 16, ITR Loan Offer Rage Tenure
Rate of Interest
Formal Target segment for bank where
customers could met all the • Employment Proof – Emp Id Card, EPF ,Official 01 Years to 07 10.75% to
Email Rs 5 Lac to 40 Lac.
eligibility criteria according to Years 15.00%
bank norms • Salary above 40K

• Working in Pvt Ltd./Public/Govt.

Less Formal -1
B •
if few Eligibility Criteria are
missing from CAT A
C •
Less Formal -2 even with one or two
document missing the
customer is eligible for loan.
• Credit Score >700 or New to Credit
•
Income Proof :Pay Slip
Employment Proof – Emp Id Card, Official Email Rs 01 Lacs to 10 Lac.
01 Years to 05
Years
15.00% to 22.00 %
• Salary should be 20K or Above
• Working in Proprietorship/Partnership /Pvt Ltd/
Public Ltd/or Govt.
Credit Score >700 or New to Credit Rs 01 Lac to 5 01 Years to 03
• Income Proof :Pay Slip 21% to 28%
Lac Years
• Employment Proof – Emp Id Card, Official Email
• Salary should be 15K or Above

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Who Offers Personal Loan ?

Segment Bank Category Who Offers / Type of Institution Documents Required

• HDFC Bank
Formal A • ICICI Bank
• Yes Bank

 KYC
• Aditya Birla
• Bajaj Finance
Less Formal -1 B • Tata Capital etc.
 Employment Proof Document

 Income Proof

• Fullerton
Less Formal -2 C •
•
Finnable
Paysense etc.

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Documents Checklist Print this documents list and share with Customer

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What is Employment Proof? Why its Required?

• A Document proof that person is working in a particular

organization.

• Employment Proof is also know as Job Continuity Proof

• It will help financial institution to identify the Customer

working in the stated organization

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Different types of Employment Proof by Company Types?

• Email Address in Company Domain.

• Employee Identity Card Copy

• EPF Universal Account Number (UAN) on the Pay

Slips.

• Employer Name in Bank Statement

• Physical visit based verification to worked place

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Employment Proof Document

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Employment Proof Documents

Official Eail ID –
ABC@companyname.com

Employee ID Card UAN Number on Pay Slip Employer Name on Bank statement

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Income Analysis from Bank Statement

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Bank Statement
For Processing the Personal Loan, required Saving/Salary Bank Account statement of Latest 06 Months.

KEY POINTS -:

 System Generated Bank Statement

 PDF or Scan Copy or Pass Book
 Saving Account / Salary Credited Account
 06 Months Bank Statement
 Salary Credit History

• Bank account should be in the name of the applicant only.

• There should be updated bank statement of latest 06 months i.e. It also

means that bank account must be at least 06 months old.

• Please check Joint Account Holders

• Please note : LendingKart, Indifi ,Finzy & Ashvi Finanace accept only PDF Bank Statement.

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How to Arrange PDF Bank Statement?
There are two ways to arranging the PDF Bank Statement for processing the Personal loan application.

 Internet Banking/ Mobile Banking

• First Login to your online banking

• Enter USER name & Password.
• Go to Option for Accounts Statement
• Select From & To date for Statement
• Select the PDF Option
• Click on Send over the Mail.

 E-mail from Bank

 Visit the Bank branch and asked concern person to send your bank statement
to your Registered Email .

• Please note : LendingKart, Indifi ,Finzy & Ashvi Finanace accept only PDF Bank Statement.

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Salary Proof / Income Proof Documents

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Last 3 Months Pay slip
Pay slip taken as Salary proof

It provides us Supplier details.

• Name of the Organization

• Date of Joining
• Name of Customer
• Employee ID
• Net salary
• Incentives
• deductions
• Pay Date
• Month for which the salary slip
• has been issued

• Please check the Total Calculation after deduction.

• We can verify customer Pan card from the salary slip.

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Income Tax Returns
Last 2 Years ITR consider as Salary Proof

It provides us Supplier details.

• Year of IT Returns
• Type of ITR
• Total Gross Income

Customer
ITR TYPE Used For
Segment
This ITR form can be used to report income from salary, one
Salaried/Self
ITR 1 house property, residuary income (interest, etc.), and
Employed
agricultural income up to Rs 5,000.
Salaried/Self Individuals and HUF receiving income other than income from
ITR 2
Employed “Profits and Gains from Business or Profession”
This Return Form is to be used by an individual or a Hindu
Salaried/Self Undivided Family who is having income under the head ―profits
ITR 3
Employed or gains of business or profession‖ and who is not eligible to file
Form ITR-1 (Sahaj), ITR-2 or ITR-4 (Sugam) .
ITR 4 Salaried /Self Individual/ HUF/ Partnership Firm whose total. income for the
Employed assessment year 2018-19 includes

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Form - 16
Form 16 is the certificate issued under section 203 of the Income tax Act for tax deducted at source (TDS) from income under the head 'salary'. It is
issued on deduction of tax by the employer from an employee's salary and deposit of the same with the government.

Part A Part B

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Details on Form - 16
Form 16 is the certificate issued under section 203 of the Income tax Act for tax deducted at source (TDS) from income under the head 'salary'. It is
issued on deduction of tax by the employer from an employee's salary and deposit of the same with the government.

TDS Certificate Number

Name & Address of the Employer Name & Address of the Employee

Pan & Tan number Pan & Reference Number of Employee

of Employer
Assessment Year &
Period of Employment

Total Tax Deposited

For the Year

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Identity Proof Documents List

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Why KYC Document Require?
It is mandatory to know the customer well before propose the Loan offer, If I check the documents properly, I will be able to identify the right customer.

• Identity check (Who is he/she?)

Where do you live? How much do you earn in a
Who are you ?
month?
• His/her Contactibility (Where he/she resides?)

• What is his/her contact no.?

• What is the age? Current Address

Identity Proof Proof Income

• Purpose of Loan?

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Identity Proof
Commonly and most widely accepted Signature & KYC Documents in detail.

Driving Licence
Pan Card

Aadhar Card

Passport Voter ID

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 Pan Card
Pan Card is taken as Signature Verification Document.

• This is a unique 10 digit alphanumeric number is It

provides us :

• Customer's photo
• Customer’s name
• Customer’s father name
• Customer’s Date of Birth
• Customer’s signature

• Always check and verify the original PAN card of the

customer

• The photo given on the customer PAN card should match

• .The details given by the customer should match with the

documents. ABCDPP1234D

• 4th Alphabets indicate the Tax Payer as P,C,T,F,O

• 5th Alphabets as 1st Character of Surname or First Name.

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 Aadhar Card
Aadhar Card, also known as UID card, taken as Identity & Address Proof.

• This is a unique 12 digit number is It provides us :

• Customer’s photo
• Customer’s name
• Customer’s father name
• Customer’s Gender
• Customer’s Date of Birth
• Customer’s Address

• Always check and verify the original Aadhar card of the customer

• This is a document on which details of our / cutomer's fingerprint

1234 1234 1234 1234 1234 1234
and eye scan Govt. Chip is imprinted in the database

• Please check 0000 should not be printed on the document.

• Two Types of Aadhar Card – E-aadhar & Aadhar

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 Driving License
Driving license is taken for IDENTITY and ADDRESS PROOF

•This is a unique 15 Alphanumeric code which is called DL. It

provides us :
• Customer’s photo
• Customer’s name
• Customer’s father name/Spouse name
• Customer’s Gender
• Customer’s Date of Birth
• Customer’s Address
• Customer’s signature
• Issue date & VALID “up-to” date
• CHIP based information (New cards
1234 1234 1234 1234 1234 1234
• Please check the Expiry date of DL before Loan Processing.

• DL used in different regions

• Please check both sides of the Document.

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Voter ID
Voter ID Card, IDENTITY And ADDRESS is accepted for PROOF.

• This is a unique 9/10 digit alphanumeric number is It

provides us :

• Customer’s photo
• Customer’s name
• Customer’s father name
• Customer’s Gender
• Customer’s Date of Birth
• Customer’s Address
• Hologram

• Always check and verify the original Voter card of the

customer

• The photo given on the Voter card should match with

Customer.

• .The details given by the customer should match with the

documents.

• Voter Number printed on backside as well.

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Passport
Passport taken as IDENTITY and ADDRESS PROOF

• The passport number is a unique 8 Digits Alphanumeric code. 1st digit

always Alphabet
A 1234567
This provide us
• Customer’s photo
• Customer’s name
• Customer’s father name/Mother’s name
• Customer’s Gender
• Customer’s Date of Birth
• Customer’s Address
• Customer’s signature
• Issue date and Date of Expiry

• Please check the Expiry date of Passport before Loan Processing.

• Always check and verify the original Passport of the customer

• The photo given on the Passport should match with Customer.

• .The details given by the customer should match with the documents.

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Things to be Remember while Checking the Document
 All original documents must be viewed physically.

 Pan card is accepted only as Signature Document.

 Voter ID, Driving License, UID and Passport, Identity and Address Proof are accepted as because of customer address is also
mentioned

 All documents must be in the name of the applicant.

 Document must have validate / confirm Customer identity from Photograph.

 Check Customer name, Date of birth (age), signature and address

 If Date of Birth are different on the document then confirm with customer actual DOB.

 I will not accept any expired document

 Documents must be valid at least next 90 days from application date

 KYC documents with Thumb Impressions Not accepted.

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Address Proof- Residence (Rented/Owned)

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Address Proof – Current Residence (Rented)
Rented – Self / Parents / Spouse
Acceptable documents:
1. Rent agreement along with owner electricity bill or utility bill OR
2. Any one of the following documents along with recent utility bill in name of applicant / family member with relationship proof
• Voter ID
• Driving Licence
• Passport
• Govt issued identity card Current residence stability – 1 Year in current address
City Stability: Stability – Min 3 years in same city

City Stability can be stablished basis below documents:

• Transactional Bank Statement with Account opening Date (same city)
• Voter ID showing date of Issue (same city)
• Aadhaar ID showing generation date (same city)
• Valid Passport (same city)
• Employment proof of listed companies vide appointment letter (same city)
• Previous Notarized /Registered rent agreement along with latest agreement (same city)
• Credit Bureau report showing address within same city vide reporting date
• Gas Subscription/ Passbook

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Address Proof – Current Residence (Owned)
Owned – Self / Parents / Spouse

Documents required for own house –

 Latest Electricity bill
 Municipal corporation house tax receipt Current residence stability – Not applicable for Owned house
 Water bill
 Index II

Relationship proof to be provided if OHP is provided in family member’s name.

*For Recent married women customer’s – Marriage invitation card can be considered as relationship proof

Other documents for OHP can also be considered to

establish OHP and relationship as mentioned below.
Documents Name as used in Area
different regions
Land Revenue extract 7/12 Rural Area
Khatauni / Bahikattha Rural Area
Sale deed / Index II Urban/ Semi Urban
Municipal tax receipt Urban/ Semi Urban
Water tax / Electricity bill Urban/ Semi Urban

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 Transactional Bank Statement
Bank passbook taken as Address proof (Rented/Owned) Bank name, Bank branch name & address, MICR code, Bank phone number mentioned on
the bank statement.

This provide us

• Customer Name
• Customer Current Address
• Customer bank account number
• Bank account type
• Account holding type- Single/Joint
• Transaction details
• Customer account balance

• Bank account should be in the name of the applicant only.

• Residence Address should be printed along with Applicant Photo & Bank
stamp/signature.

• There should be updated bank passbook of latest 6 months i.e. It also

means that bank account must be at least 6 months old.

• Please check Either/Survive for Joint Account Holders

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Gas Subscription/ Passbook
Gas bill or Gas book also address taken as address proof (Rented/Owned) it has Distributor Name & Address.

This provide us

• Consumer number
• Customer/Family member Name
• Gas delivery Address
• Delivery number & Delivery date
• Payment amount

• Gas bill applicant may be on his/Her name or immediate family member

name (with relationship proof)

• Latest bill within 60 to 90 days from the date of Loan application

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Postpaid Bill Connection
Mobile bill taken as address proof Document (Rented /Owned)

It provides us information about Telephone Operator

• Customer Name
• Customer billing Address
• Bill number and bill period
• Bill amount
• Previous balance if any
• Payment due date
• Previous Balance & Payment
• Due Amount

• Mobile bill should always be in the name of the applicant.

• Latest 2 months bill will have to be taken

• The address on the bill must match with applicant's current address

• Previous balance or late fee should not be written on the bill There should be no
reconnection charges

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Notarized /Registered rent agreement
Rental Agreement taken as Current address proof Document for Rented Profile

It provides us

• Customer Name
• Customer Current Address
• Tenant/Landlord details
• Validity of Agreement
• Current Address for both
• Permanent Address for both

• Always Check Customer full details and current address

• Whatever personal details are given by the customer must match

the document.

• Agreement should not be EXPIRED

• # Documents - only if other documents are not available

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Electricity Bill
Electricity bill taken as Address proof (Rented /Owned)

It provides us Supplier Company details.

• Customer or family member name

• Father’s / Husband’s Name
• Billing Address
• Billing period and bill Due Date
• Total billed amount
• Late payments/Arrears if any

• Electricity bill should be in the name of customer or immediate family member (

Parent/ Children/spouse).

• If address proof is in the name of immediate family member, then relationship

proof is mandatory in these cases.

• Latest electricity bills are required. Electricity bill should not be more than 60 days
old from application date

• # Documents - only if other documents are not available

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Residence Property Ownership Proof

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Property Tax Receipts
Property Tax Receipts taken as Current /Owned Address Proof (Ownership)

It provides us Supplier Company details.

Municipal Authority
• Name of owner
• Address of owner
• Taxation Year
• Municipal Authority

• Electricity bill should be in the name of customer or immediate family

member ( Parent/ Children/spouse). Details of owner
& address

• If address proof is in the name of immediate family member, then

relationship proof is mandatory in these cases. Taxation Year
(paid annually)

• Property tax is mostly paid annually.

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Water Bill
Water Bill is used as a Residence/Property Ownership Proof

It provides us Supplier details.

Bill Date
• Customer’s Name
• Customer’s Address
Name &
• Bill period
Address
• Bill Date

• Water bill should be in the name of customer or immediate family

member ( Parent/ Children/spouse).

• If address proof is in the name of immediate family member, then

relationship proof is mandatory in these cases.

• The period of the bill must be immediately before the application

date, Bill can be quarterly, 6 monthly or annually.

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 THANK YOU
For any queries, Pls write to info@creditline.co.in