KYC & AML Policy
Loanhub’s KYC (Know Your Customer) and AML (Anti-Money Laundering) Policy ensures full compliance with RBI Master Directions, Prevention of Money Laundering Act (PMLA), and related regulations.
Objective
To prevent all kinds of misuse of financial services by verifying customer identity, by detecting any suspicious activity and also by maintaining integrity in lending operations.
Key Components
Customer Identification
Verification of the identity and address of the customer using valid KYC documents i.e., Aadhaar, PAN, etc.
Customer Due Diligence (CDD)
Risk profiling is identified based on customer type, loan amount, and residential location.
Record Maintenance
KYC documents and transaction records are retained for at least three years as per regulatory norms.
Ongoing Monitoring
Continuous review of transactions to detect unusual or suspicious activity.
Reporting
Any suspicious transaction is promptly reported to the Financial Intelligence Unit (FIU-IND) as per PMLA norms.
Employees undergo regular training on KYC/AML compliance, and internal audits verify adherence.
Loanhub upholds integrity by ensuring that only genuine, verified borrowers receive financial support and for that, we integrate this to maintain trust, transparency, and regulatory compliance.