Category: Lending Using Bank Statements

Borrower transparency isn’t just a compliance checkbox—it’s your line of defence. For lenders, underwriters, and NBFCs, the accuracy of a loan file could mean the difference between a profitable deal and a ticking time bomb. But here’s the overlooked truth: borrowers don’t lie just because they want to. They lie because they think they can…

In one NBFC branch, a ₹12 lakh personal loan was approved in 6 days—only to be written off in 3 months. The documentation looked perfect, the bank statement looked clean… until collections found it was doctored. The real issue? A process so busy that no one had time to dig deeper.Loan processing, when not reviewed…

“Do you know how many loan files a senior underwriter clears in a day at a mid-sized NBFC?” Somewhere between 25 to 40. That’s one every 10–15 minutes. Not much time to catch fraud, misreports, or subtle red flags. And yet, one mistake could cost lakhs—or worse, your company’s reputation. That’s the pressure of credit…

“He seemed genuine—until the EMI bounced. Twice.”That’s what a frustrated loan officer said after a ₹40 lakh business loan turned sour. The borrower had all the right documents, clean statements, even a good credit score. But three months in, the cracks began to show. Welcome to the real face of borrower fraud—quiet, clever, and far…

According to recent reports,over 18% of loan defaults had warning signs right inside the bank statement—signs that were missed during the review. It wasn’t missing documents. It wasn’t poor credit scores. Just small clues hiding in plain sight. Most teams only check for large deposits or low balances. But that’s just the surface. The real…

Let’s say you’ve got two sales reps calling the same borrower. One jumps in with no prep—just the application form and a few standard questions like, “What’s your income?” or “Any existing loans?” The borrower responds politely, but it’s all surface stuff. Now imagine the second rep. Before the call even starts, he’s seen the…