Personal Loan Verification

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Personal Loan Verification

Personal Loan Verification

Personal loans are primarily based on the individual's character and capacity to pay. Since these are often unsecured, a rigorous verification of employment stability and residential history is vital. Our process ensures that the applicant is exactly who they claim to be and possesses the financial means to honor the debt.

Key Verification

  • Residential Authenticity: A physical Residence Verification to confirm the applicant's current living address, house ownership type, and duration of stay.
  • Identity Validation (KYC): Comprehensive KYC Document Verification to cross-check government IDs, preventing fraudulent applications and ensuring regulatory compliance.
  • Employment & Office Audit: A dual check involving Office Visits and Tele-verification to confirm the applicant's current job status, designation, and work history.
  • Income Verification: Detailed scrutiny of Pay slips, Salary Slips, Form 16, and ITR filings to validate that the reported income is accurate and consistent.
  • Financial Stability Check: A thorough Bank Statement Verification to monitor monthly cash flows, average balances, and any signs of financial distress or irregular spending.
  • Risk & Reputation Assessment: A background scan of the Loan/Liability track record to identify existing debt burdens and a check for Criminal Antecedents to ensure the applicant has no history of illegal activities.

The Aziza Advantage:

Our personal loan verification goes beyond paperwork. By combining tele-verification with physical office visits, we provide lenders with a reliable "stability score" for the applicant, significantly reducing the risk of defaults and "skip" cases.

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