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KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
CREDIT POLICY
The Policy for credit assessment is defined as under:
PRODUCT:
Particular Details
Type of Loan Instant Short term personal Loan
Customer Segment Salaried
Loan Amount Rs. 5K to 1Lakh
1% per day
ROI
1%-1.5% per day (Repeat Cases)
Penal Interest 2X% of the prevailing ROI per day
Processing Fee Max of 10% of Sanction Amount.
Tenure of Loan Max tenure 40 days nearby salary credit date
Repay date Salary credit date + 1 day
Minimum per month Salary of 25K Doable Cities.
Salary
Minimum per month Salary of 50K OGL Cities
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+91- 8282824633 New Delhi -110034
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KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
Doable Cities: Delhi, Ghaziabad, Gurugram, Noida, Faridabad, Mumbai, Pune, Thane,
Indore, Bangalore, Raigarh Maharashtra, Nashik, Ahmedabad, Hyderabad,
RangaReddy, Navi Mumbai, Greater Noida.
OGL Cities: Jaipur, Bhopal, Surat, Vadodara, Gandhinagar, Coimbatore.
Sanction Limits:
The Sanction power delegated to the Sanction Managers are as per the matrix below.
Designation Sanction Limit
Sanction Manager 5K to 49K
Sanction Head 50K and above
In cases above 50K all the cases are forwarded to Sanction Head for his/her approval
and Sanction Head approves the cases after verifying the details to his satisfaction.
CIBIL:
While Analysing CIBIL we must see the following details
There are no overdue accounts reflecting in CIBIL in current and recent past (3 Months)
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[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
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KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
In case of account in overdue and paid back after certain period, in this case the case
may be considered for valuation as it reflects the customer’s intention to pay the
amount.
In case of Low CIBIL score, if we see that there is considerable change in payments
pattern of customer and improvement in CIBIL Score, we may consider the same for
evaluation.
If the CIBIL of the customer shows defaults in his last few loans and at present he is
regularly paying his current PLs for last few months, the same case may be considered.
The CIBIL Score is not a binding factor for us to decide on the eligibility of the customer.
Instead, we must deal with every situation in a practical way especially while
evaluation of CIBIL.
Sanction Manager must use his/her wisdom and take the decision only after evaluating
the Customer in other parameters like his financial status at present, his financial
habits, his current spending, his income from other sources and his professional
journey.
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www.salaryontime.com G - 51, Krishna Apra Business Square,
[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
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KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
REPEAT CASES:
There are most of the cases where we find that one segment of our customers are our
repeat customers. These are the customers who generally fall under Rotator Category.
These are the set of Customers who are among your most skimmed class and on the
other hand they are equally very vulnerable. Such customers are to be dealt cautiously
and must be thoroughly screened before sanctioning of loan.
In such cases we must analyse the CIBIL mandatorily to see if he has started defaulting
in his current loans in near past. In case of defaults, we must be cautious enough to
cancel the application of refinancing.
In such cases if the customer is living in the same premises in which he was residing at
the time of the initial loan, then basic KYC documents for the cases done earlier can
be used. In such cases we must try to take only current utility bill based on the sole
discretion of the sanctioning authority.
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+91- 8282824633 New Delhi -110034
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KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
In such cases we must mandatorily take eligibility documents to establish the
continuity of the employment.
In case of change of Job, such cases we must mandatorily check for the salary credit
from the new organisation into customer’s salary account. In cases where the
customer is living in rented accommodation we must deal very cautiously, as
appointment letter in itself does not ascertain that the customer has joined the
organisation. In such cases if Salary is still not credited the communication from
Customer is to be mandatorily done from his/her current corporate Email Id.
The Loan amount and eligibility matrix to be followed in case of repeat customer is as
under.
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www.salaryontime.com G - 51, Krishna Apra Business Square,
[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
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KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
Few other points to remember while doing credit assessment of the customer include.
• Loans to be provided to customers staying only in cities where we are
operating.
• Must take 2 references in all cases (Mandatory requirement)
• Location to be shared and uploaded in system
• In case of any ambiguity in Address of the Customer, CIBIL is to be checked for
address verification.
• Passwords for all protected documents uploaded to be mentioned clearly.
• No interest settlement done in last loan (for repeat Customers)
• No delay in payment more than 1 Month.
• In case of delay more than 1-month, complete Interest along with Penal Interest
taken.
• In Absence of Salary not credited in A/c, Corporate Id confirmation taken in case
of Job Change with offer letter
• CIBIL taken (for every 3rd repeat).End use of the fund previously disbursed to be
checked
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www.salaryontime.com G - 51, Krishna Apra Business Square,
[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
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KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
Risk Categorisation:
Profiling of the customer to be done based on the Risk Categorisation. While doing the
risk categorisation of the customer we must take care to seek only such information
from the customer, which is relevant to the risk category and is not intrusive.
Customer can be categorised into 3 risks profile
• Low Risk Profile
• Medium Risk Profile
• High Risk Profile.
Individuals whose identities and sources of wealth can be easily identified and
transactions in whose accounts by and large conform to the known profile, may be
categorised as Low risk.
Customers that are likely to pose a higher-than-average risk should be categorised as
Medium or High risk depending on customer's background, nature and location of
activity, sources of funds and his profile etc. Banks should apply enhanced due
diligence measures based on the risk assessment, thereby requiring intensive ‘due
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[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
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KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
diligence’ for higher risk customers, especially those for whom the sources of funds
are not clear.
ALL DETAILS ARE MENTION IN CRM SHOULD BE MATCHED WITH DOCS
APPLICATION TAB:-
1. Internal Dedupe : If Dedupe matched then credit remarks are mandatory.
2. CIBIL : CIBIL are mandatory in all case.
DUCUMENT:-
1. KYC: Aadhar & Pan Card, are mandatory to be uploaded with a clear picture (
The photo copy is not valid ) optional KYC ( Voter Id, Passport & DL )
2. Address Proof : Current Address Proof are mandatory to be uploaded in both
Owned & Rented, current address to be taken like ( Post-paid bill, Gas bill,
Electricity bill, Water bill, Wifi bill, Broadband bill, Tax invoice municipal
corporation bill, sales deed & rent agreement if customer rented )
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www.salaryontime.com G - 51, Krishna Apra Business Square,
[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
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KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
3. If the loan amount is Rs 50 thousand or than from 16 A, TDS certificate is
required.
4. Current location ( If the current location dose not match with current address
city then credit remarks are mandatory)
5. If the loan amount is 40k or more then a field visit is mandatory & proof of field
visit must be uploaded in CRM.
PERSONAL DETAILS:-
1. All details should be matched with KYC ( Pan & Adhar ), customer name, dob,
pan no, aaddhar no.
2. Mobile number & personal email id should be mentioned in CRM
RESIDENCE:-
1. The current address of the system must match with the current address proof
uploaded in CRM
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[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
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KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
2. The current address proof are not greater then 90 days, (Two address proof are
mandatory 1st current & 2nd additional docs). One document must be in the
name of the customer which matches the current address. For both rented &
owned.
3. If the customer provides current address proof like (Grand-father & Grand-
mother name, Husband & wife’s name, Mother’s name, Brother & Sister’s
name, In-law’s name, or any other) then relationship proof are mandatory. And
one more document is required in the name of the customer which has the
same address.
4. If the customer provides Electricity bill on his or spouse name then we don’t
required any other address proof we will consider.
5. If the rental agreement has expired, it is no longer valid, even if it expired the
day before.
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www.salaryontime.com G - 51, Krishna Apra Business Square,
[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
`
KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
6. If the customer provides a current address as an Electricity bill / Post-paid bill /
Broadband / Water bill or any other documents within 90 days for which the
due date has passed, then the customer will have to provide payment slip or a
new bill ( for both rented & owned )
EMPLOYMENT:-
1. Employment Proof: One employer proof are mandatory to be uploaded like
(salary slip, salary certificate, joining letter, offer letter, id card mostly in Govt
job ) if the customer didn’t have these docs then official mail to verify to be
considerable to employer proof.
VERIFICATION:-
1. Personal mail are mandatory to be verify, official mail are optional.
2. Official mail are mandatory to be verify if the loan amount more than 50k
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www.salaryontime.com G - 51, Krishna Apra Business Square,
[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
`
KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
BANKING:-
1. Three month bank statement Required, customer name matched with KYC, also
bank account details should be matched with panny-drop.
2. Banking analysis should be mandatory ( if banking analysis fraud indicator show
fraud alert score then credit remarks are mandatory to be mention
For example:- We check the Bank Analysis and By Pass the Fraud Indicators as
per our Approval. "AND TAKE NET BANKING SS FROM THE CUSTOMER
AND UPLOAD THE SAME”.
CAM DETAILS:-
1. ALL THREE SALARY SHOULD BE MENTION ACCORDING TO BANK STATEMENT
(DATE & AMOUNT), IF CUSTOMER JOINED NEW COMPANY & ONLY ONE SALARY
RECIVED IN BANK THEN OFFER LETTER OR JOING LETTER ARE
MANTDATORY.ALSO REMARKS ARE REQ IN CAM.
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www.salaryontime.com G - 51, Krishna Apra Business Square,
[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
`
KASAR CREDIT AND CAPITAL PRIVATE LIMITED
CIN: U74899DL1995PTC066816
2. All three salary should be mention according to bank statement (date &
amount), if customer joined new company & only one salary received in bank
then offer letter or joining letter are mandatory, also remarks are required in
CAM.
3. All salary received in bank statement with same narration & if narration is
changed then remarks required are mandatory.
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www.salaryontime.com G - 51, Krishna Apra Business Square,
[email protected] Netaji Subhash Place, Pitampura,
+91- 8282824633 New Delhi -110034
