The automated loan application process does different validations as part of e-verification and also removes the need to have a laptop because the documents can be uploaded right from the mobile with the help of either file upload or pic captured in real-time using a mobile camera and also provides the user the update in less than 5 min. Used multiple technologies to create a robust solution that can be further enhanced with ML.
- Verify UID using OTP
- Verify Mobile number
- Extract and validate data from FORM-16
- Reade barcode from UID and validate it against the entered UID
- Extract PAN card number form PAN Card and validate it against the PAN number mentioned in FORM-16
- Fetch Experian score through API
- Fetch CIBIL score through API
- Validate and cross-reference all the data entered into the website with the data extracted from documents.
- Once all the data is verified then the business rule is applied to complete the e-verification process.
- An email is sent to the applicant and bank towards the end with the relevant details.
- The complete data can be viewed by the BANK on the dashboard which will help them to take key business decisions.
- After a successful e-verification applicant is notified via WhatsApp message and registered Email
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