+91 9910432346info@kadelfinance.com

KYC Policy

In compliance with the Reserve Bank of India (RBI) guidelines and Prevention of Money Laundering Act (PMLA), Kadel Finance has established a comprehensive Know Your Customer (KYC) policy.

Objectives of KYC Policy

  • To prevent identity theft and financial fraud
  • To ensure customer identification and verification
  • To comply with regulatory requirements
  • To prevent money laundering and terrorist financing
  • To protect both customers and the organization

Mandatory KYC Documents

1. Identity Proof (Any One)

  • Aadhaar Card (Mandatory)
  • PAN Card (Mandatory for loans above ₹50,000)
  • Passport
  • Voter ID Card
  • Driving License

2. Address Proof (Any One)

  • Aadhaar Card
  • Passport
  • Utility Bills (Electricity, Water, Gas) - Not older than 3 months
  • Rent Agreement
  • Bank Statement - Not older than 3 months

3. Income Proof

  • Salary Slips (Last 3 months) - For salaried individuals
  • Bank Statements (Last 6 months)
  • IT Returns (Last 2 years) - For self-employed
  • Form 16

4. Recent Photograph

Passport size photograph (not older than 6 months)

Additional Documents for Business Loans

  • Business Registration Certificate
  • GST Registration (if applicable)
  • Shop Establishment License
  • Business Bank Statements (Last 6 months)
  • Balance Sheet and Profit & Loss Statement
  • Trade License (if applicable)

KYC Verification Process

1

Document Submission

Customer submits KYC documents through online portal or at branch

2

Document Verification

Our team verifies the authenticity of submitted documents

3

Physical Verification

Field visit for address verification (if required)

4

Database Check

Cross-verification with credit bureaus and databases

5

KYC Approval

Once verified, KYC is approved and loan processing continues

Important Guidelines

Valid Documents

All documents must be valid and not expired

Clear Copies

Submit clear, legible copies of all documents

Original Documents

Original documents may be required for physical verification

Self-Attested Copies

All photocopies should be self-attested

KYC Updation

As per RBI guidelines, KYC information must be updated periodically:

  • For high-risk customers: Every 2 years
  • For medium-risk customers: Every 8 years
  • For low-risk customers: Every 10 years

Data Security

All KYC documents and customer information are stored securely and handled with strict confidentiality. We comply with all data protection laws and RBI guidelines to ensure your information is safe.

Last Updated: January 2025

In accordance with: RBI Master Direction on KYC & Prevention of Money Laundering Act, 2002

+