Personal Loan | Product Note | Version 2.

0 (Approval under Process)

Product Digital Personal Loans

Locations Mumbai, Pune, Bangalore, Hyderabad, Delhi NCR (Gurgaon & Noida), Ahmedabad,
Baroda, Surat, Nagpur, Rajkot, Vishakhapatnam & Chennai
(Geo limit of 100 Kms)
Loan Amount INR 50,000 to 5 lakhs
Loan Tenure 6 months to 48 months (Based on the eligibility)
Locking Period 6 months
Top Up Eligibility After 6 months
Residence & Office Customer should be available either at residence or office
Field Investigation (FI)
Disbursement TAT 48 Hours

Sourcing Criteria
Age 22 years (at time of loan creation) to 58 years (at time of loan maturity)
Employment Type Salaried
Employer Vintage Total Employment vintage - Min 1 years and
Present Employment vintage - Min 4 months.
Company Category Super CAT-A, CAT-A, CAT-B & CAT-C
Basic Criteria: Min Turnover Rs.5 Crores, Company Vintage of 3 Years, Positive Net worth
& Positive PAT
Company Type Pvt Limited & Public Limited and Government
Min Net monthly INR 20,000 (Net take home)
income (To be reflected in the bank statement submitted)
700 and above (Experian Credit Bureau)
Credit Score NTC (Not allowed)
FOIR criteria Max FOIR allowed –
Salary (NTH) per month Max FOIR
<20000 Reject
>=20000 <25,000 50%
>=25000 <35,000 55%
>=35000 <45,000 60%
>=35000 <50,000 65%
>=75,000 70%
Fees and Charges
Loan Amount:
Processing Fees <=INR 1,00,000 Min. 3.5% + taxes
Loan Amount:
>INR 1,00,000 Min. 2.5% + taxes
Rate of Interest 11.49 % to 20.00 % p.a.
Document Required
KYC: (PAN card & Aadhar Card)
KYC: Through Digi locker & VKYC is mandatory
Note: Linkage of Aadhaar number with Mobile number is mandatory
4 months Bank Statement with regular Salary Credits in previous 3 months
Latest 3 Months Salary slip
Company ID Card
Personal Loan | Product Note | Version 2.0 (Approval under Process)

Residence Address Permanent Address: Aadhaar, Driving License, Voter ID & Passport (Source verified from
Proof allowed government database)
Current Address:
1. Aadhaar
2. Driving License
3. Voter ID
4. Passport
5. Registered Sale Deed + Latest electricity bill
6. Bank Statement / Passbook
7. Rent Agreement + Latest Electricity Bill
8. Utility Bill not more than 2 months old (Electricity, Telephone, Piped or Cylinder
Gas, Water Bill, Post-paid Mobile Bill)
Policy Contours At least 1 trade lines of amount Rs.20000 with month on book (MOB) >=6 months over the
past 2 years
Aggregate Credit Card Outstanding / times of average monthly salary <= 9 times of Salary
No. of times account has been in 0-29DPD in last 3 months = 0
No. of times account has been in 0-29DPD in last 6 months <=1
No. of times account has been in 30 and 30+DPD in last 6 month = 0
No account should be tagged as suit filed, settled, written off & guarantee invoked in
previous 36 months
No account should be in 90+ DPD in previous 2 Years
Number of unsecured loan inquiries (other than credit card) in last 3 month <=16
At least 1 trade lines of with minimum amount of Rs.20000 with month on book (MOB) >=4
months over the past 2 years
Active gold loan outstanding to total outstanding in all active loans % <=70%
Restricted Profiles • Politicians, political parties, social activists
• Lawyers, advocates, solicitors, legal services
• TV, film, mass communications
• Journalists, press, media
• Chit funds, credit societies, finance cooperatives
• Lottery agencies, money lenders, sharebrokers, time-share brokers
• Entertainment, event management
• Defense, Police, paramilitary
• DSA, DMA, DRA, repo agency, collection agency, verification agency
• Car brokers, auto spare parts dealers, motor training schools, octroi / RTO
agencies
• Private security agencies
• Cable operators, video and game parlors, video rentals, internet cafés, STD PCO
booths
• Bars, wine shops, gambling businesses, fitness centers, beauty parlors
• Diamond traders/ brokers
• Hospitality and Tourism
• Construction
• Freelance or Gig Economy Jobs
• Part-Time or Casual Employment
• Commission-Based Sales Jobs
• On-Demand Service Jobs & Business Process Outsourcing Jobs
• Mining & Metals
Personal Loan | Product Note | Version 2.0 (Approval under Process)

Product USPs:

a. 100% Digital Process

b. Tentative Offer Screen has been introduced for Customer
c. DSA is provided with a Dashboard to login & view the progress of their customers
d. Competitive interest rates starting from 11.49% with PF of 2.5%
e. Final Loan eligibility based only on FOIR computation
f. Zero Foreclosure charges after end of 6 months lock-in period
g. No Insurance with Loan
h. Approval within 10 minutes (subject to submission of necessary documents in desired form)
i. Disbursement within 48 Hours (subject to positive FI report)

Annexure: Locations & the areas covered:

Name Total Areas Covered

Metro 2271
Bangalore 125
Bengaluru 292
Chennai 156
Delhi NCR 787
Hyderabad 273
Mumbai 319
Pune 230
Thane 89
Non-Metro 2446
Ahmedabad 407
Baroda 548
Nagpur 440
Rajkot 304
Surat 352
Vishakhapatnam 395
Grand Total 4717