| CREDIT
RISK CONTROL |
| |
| Individual Profile Verifications -
Personal Loan Segment |
In
the case of personal loans, pre-sanction verification
is carried out of the address /telephone nos. of the
applicants / guarantors / references. Neighborhood discreet
checks are also carried out, if required. |
| |
| Pre-sanction Business Loan Investigations |
Business Loans are
investigated in terms of field discreet checks, vendor
checks, creditor checks, market checks as well as other
leads/ cues. Extensive information gathering exercise
is carried out to obtain vital information as may be
relevant to credit assessment. |
| |
Pre-sanction verifications of title
deeds, assets & individuals |
| In the case of business loans, the declared
assets are verified as regards their existence and legal
title. In addition, credit track record of individuals
is ascertained. |
| |
| DEDUPE Checks |
Our Company has
a large amount of current defaulters’ data (DEDUPE
data) and this data is carried on a customized software
which enables any new case to be cross-checked for default
history. This data is updated on a regular basis. |
| |
| Financial Investigations |
In case the lender
so requires, specific financial information is investigated
into through highly skilled professionals in the field.
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