Loan verification is carried out to verify authenticity and accuracy of various documents provided by the SME loan applicant to the bank / NBFC from whom it is applying for a loan. Since the SME loan applicants are basically small businesses, and most of them are either Proprietorships and Partnerships, with limited information available in the public domain, SecUR assists the lender with validating the information provided by the applicant.

This includes physical visits to the SME’s place of business to confirm existence, as well as scale of operations, validation of business documents such as PAN, GST registration, Shops & Establishment licences, confirmation of authenticity of financial documents with the Chartered Accountant. If the SME applicant is a Limited Company, we also check for records available with the Registrar of Companies (ROC), including updated financials, reportings, etc. In addition, most lenders also want to check on the profile of the Owner / Partners / Directors of the SME applicant, so SecUR conducts detailed due diligence on these persons – including physical address checks on their places of residence, media searches for any adverse publicity, court record searches to check for civil / criminal suits, and so on.

We conduct loan verification across all categories of Retail Loans, including Unsecured Personal Loans, Vehicle Loans, Home Loans, Mortgage Loans and Education Loans.