An easy and convenient platform which enables business clients to avail digital in-principle loan sanction for their credit requirements in less than 30 minutes, after assessing the eligibility of the borrower based on the rules integrated in the platform.
The borrower needs to keep handy the following details/documents for availing in-principle loan sanction through the platform in a hassle-free manner.
- GSTIN of the borrower along with GST username (OTP to be entered by the borrower).
- API access to be enabled in the GST profile of the borrower (Instructions to enable. API access in the GST profile of the borrower is provided in the platform itself).
- Income tax (IT) returns applicable for the borrower for the last 3 years as mentioned below.
- ITR 3 in XML/JSON format
- ITR 4 in PDF/JSON format
- ITR 5 in XML/JSON format
- ITR 6 in XML/JSON format
- Account statement for the last 1 year in PDF format
Note: Borrowers can also upload ITRs for 1 year or 2 years, as we have configured products for audited 3 years and less than 3 years as well.
ITR must be uploaded in JSON format if the applicable FY is 2020-21. Customer shall download the JSON format of the respective ITR type from the income tax portal.
Key features & benefits
- Digital In-Principle loan approval
- Technology backed eligibility check
- Best user experience
- Ease of understanding