Process and Documentation
Documentation: KYC, Terms and Condition of loans, Ownership declarations, documents:
- Documentation: KYC, Application form, Borrower copy, Terms and Condition of loans, Ownership declaration etc., Satisfaction letter.
For Existing Customer:
- For the existing customers all the documentations will be linked to the old loan a/c, only fresh application & borrower copy with borrower signature and fresh photo need to be taken for the new loan.
KYC POLICY:
| Particulars | KYC ( Know Your Customer ) Accepted Documents – at-least one valid proof for OSV |
|---|---|
| Identity and Address Proof | |
| 1). Passport ( Valid ) | |
| 2). Driving License ( Valid ) | |
| 3). Election ID Card | |
| 4). Aadhar Identification Card (UID) | |
| 5). Job card issued by NREGA duly signed by officer of State government (acceptable if carries Photo and address proof) | |
| Identify Proof | |
| 1). PAN Card | |
| 2). Identity card with applicant's Photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions. (only in case of customers identified as Low Risk and cannot produce any other KYC documents) | |
| Other Documents | |
| 1). Application Form | |
| 2). Customer Recent photograph (New customer photo to be taken fromweb cam/each disbursements) | |
| 3). Ownership Declaration cum Rules and regulation for gold loan Transaction (Part of application Form) | |
| 4). PAN number mandatory for disbursement Rs. 2 Lakhs (Total Loan)and above / for cash receipt above Rs.50K | |
| 5). Declaration of ownership from customer is mandatory for all loans. (Part of the Application form). |