Overview of Credit Assessment Methodology

The purpose of Credit Assessment is to ascertain repayment capacity of the borrower before making the borrower live on IndiaMoneyMart (IMM) platform. The Borrower is assessed on wide range of parameters using our own proprietary credit algorithm and based on the credit assessment and verification, an IMM score is given to the borrower while making them live on our platform.

The process of Borrower Assessment comprises of the following steps and methodology

  1. Validation of KYC Details
    • Address Proof validation
    • Identity proof validation

  2. Validation of Personal and Financial Data
    • Income documents like Salary slip, Income Tax Return
    • Professional Details as to the employment details and Form 16
    • Credit History and payment track record of the borrower as per credit information bureau
    • Bank Statements
    • Credit card statements
    • Additional information provided by the borrower

  3. On Ground Verification
    • Residence, Shop / Office Verification, Telephone Verification, Personal Discussion at place of work to understand the business

  4. IMM Credit Assessment Score

    IMM credit assessment score is arrived based on various parameters considered from Personal, Professional and Financial data of the borrower as per proprietary credit algorithm

    • Income and employment details
    • Analysis of Income, Expenditure and Investment details
    • Analysis of existing and past loans
    • Past payment track record
    • Analysis of Fixed and variable expenses
    • Analysis of additional income, expenditure, number of dependants, additional earning members in the family
    • Physical Verification