Personal Loan verification process

Disbursal of loan You will be confirmed as you receive the loan agreement and a signed sanction letter, the loan will be then disbursed.

Here is the 4-step personal loan verification process.

1. Application
The first step of verification and consequent approval of your loan begins with your personal loan application. After receiving an application, your request is processed.

2. Collection of documents
Collecting paperwork is the next step. Our representative will contact you to pick up the documents, which may include the following.

• Proof of address and identity: Passport, driving licence, Aadhaar card, or voter ID card
• Proof of employment and income: Employee ID card, salary slips of the last two months and bank account statements for the last three months
  

Additional read: What is personal loan NOC?

3. Verification of documents
The personal loan verification process includes validating all the details about an applicant, including meeting the eligibility criteria, documents provided, repayment capacity, CIBIL score and more. Our representative may visit your residence and your place of work to verify your details.

4. Disbursal of loan
Once this verification process is through, you receive loan approval. This confirmation is intimated to you when you receive the loan agreement and your personal loan sanction letter once it is signed. The loan is then disbursed.

With your application verified and credit sanctioned, you can now use the amount to meet your requirements. Repay the loan in affordable EMIs at our attractive personal loan interest rates.

*Terms and Conditions apply