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Loans: Phase 1
Turtlemint money: Loans Journey
2 Lending Partners & 1,000 DPs
Unsecured Personal & Business Loans
Pilot Phase:
June –Aug mid 5 Lending
Partners & 2,500 DPs
Secured Loans
Multiple Partners
Phase 1:
Aug mid – Nov 10 Lending
Partners & 50k DPs
All types of Loans
Full Fledge
Launch:
Dec 2019
Manual Mode1 – 2 APIs integrated
Automated flows & Decisioning
2 Lending Partners & 1,000 DPs
Unsecured Personal & Business Loans
Pilot:
June –Sep 4 Lending
Partners & 9,000 DPs
Unsecured Loans
Multiple Partners
Phase 1:
Oct –Dec 10 Lending
Partners & 50k DPs
All types of Loans
Full Fledge
Launch:
Jan, 2020
Automated flows & Decisioning (LOS)
Turtlemint money: Loans
Loans
Personal loan (for salaried individuals)
Unsecured Business
Loan
One stop shop for all Finance
Needs
Creating Stickiness with
Clients
Additional Revenue
Stream for DPs
Opportunities for Cross-Sell
How Loan product will benefit TM_Partners
Turtlemint money: Loan Partners
1
2Long Term Personal Loans
(1 year to 5 years)
Short Term Personal Loans
(For 62, 90, 180, 270 and 365 days)
Business Loans
(1 month to 36 months)3
https://docs.google.com/forms/d/e/1FAIpQLSdQ5A2TfVGwyB4roRe4F1NN0VzNh0Fu4QWzlHZQ-prTtcNxSw/viewformSell a personal loan
Sell loans easily through MintPro
Fullerton – Personal loan (PL)
Criteria
Metro cities – 25,000/-
Tier 1,2,3,&4 –
16K to 20K-
Employee stability min
1 year
Age criteria
Min – 25 yrs.
Max – 65 at maturity
CIBIL score, must in metro /
tier 1
Loan Eligibility
•Min – 50,000/-
•Max –25,00,000/-
Tenure
•Min - 12 months
•Max - 60 months
Rate of Interest
•Between 12% to 25% depending the City Tier
Offering
Address proof (Reg
rent agreement
and not notarized)
Date of birth proof
Income proof (Last 3 months
salary slip/certific
ate)
Last 90 days bank statement
Identity Proof
Salary through
bank credit or cheque
Cancelled cheque
(For MICR and IFSC
code)
Insurance/BPO KPO/Partnership Prop Firm OR Contractual Employee with Pvt ltd OR Govt Employee: Grade 4 OR Applicant working for pharma company
Max loan 3 lacs /Min age 25 yrs. / Owned house / Min salary 20K / 1 year in current job.
Restricted Profile
❖ Balance Transfer
available for existing PL
& even Credit Cards
❖ Fast approvals
❖ Best ROI
❖ Longer tenures
❖ Offering for restricted
profiles, a well
Unique selling points
Importance point to remember
✓ KYC documents photos should be
coloured.
✓ Original Seen & Verified is mandatory
for any 1 KYC document.(Physical or
digital)
✓ Adhaar number should be masked.
✓ No screen shot is accepted.
✓ In absence of salary slip stamped &
signed salary certificate on letter head is
accepted (Coloured)
✓ Bank statement should not be older
then 15 days.
Short-term personal loan for salaried individuals
Add TextModern
PowerPoint
Presentation
Short term loans for 62, 90, 180, 270 and 365 days
User Friendly
Faster approval
Totally Paperless
Credit Bureau score not the
determining factor
Multiple Loan Options
Transparent interest rates
Unique selling points
Eligibility
Age: Min – 18 years; Max – 55 yrs.
Should hold a Social Media account; be Net Banking savvy
SLQ: Social Loan Quotient
Employment Status: Minimum 3 month employed
Employed in a Ltd / Pvt Ltd / Govt Department (all profiles)
Location Preference: Valid Pan India
Minimum Salary: Rs 15,000 per month, take home
Loan amount: 50,000 – 3,00,000 (only for 365 days)
Loan amount Rs 9,000 – 2,00,000 (for 62,90,180 & 270)
ROI: 2% - 3% per month + PF
ROI: 2% per month on loan amount (For 365 days)
PF: 1500 or 3% of loan amount whichever is higher (For 365 days)
Net banking and eNACH form is mandatory.
REQUEST AMOUNT:
Request the quantum of
loan based on your
eligibility
EASY DOCUMENTS
UPLOAD:
Upload 4 basic documents
within the app itself
GET CASH:
Post approval get Cash
right into your bank
account in minutes
EASY REPAY:
Repay loan amount
through bank transfer from
app itself
How does it work?
ONE TAP LOG IN:
Download CASHe app
from the link sent by
MintPro and log in through
your existing facebook,
LinkedIn, or Google+
Account
Please note - Once you upload the documents on MintPro and when the
client downloads the app , customers will have to enter the same DOB and the
same mobile number so that the details/documents that you had
entered/uploaded will get auto populated.
Its Fast, Easy & Intuitive
Data processing in the following screens takes 10 min. flat
Fill up basic
detailsBingo! Get to know
your eligibility
Log in through
your social media
profiles
Accept the T&C,
Privacy Policy
Update your profile
with necessary
details
Upload Four Basic Documents* – That’s All
* Self-attested documents as per KYC requirements
** Any one of these Address Proof can be uploaded –
Aadhar Card, Driving License, Phone Bills
Address Proof
PAN Card Latest Salary Slip
Latest Bank
Statement with
Salary Credit
Let Us Know Who You Bank With
This is a one screen interface
Your State Your Branch
Your Bank name Your City
It’s time to Request for a Loan
Enter the loan
amount as per
eligibility
Here’s your
transaction
summary
Choose the loan
product you wish
to avail
One last check
before you confirm
Enter promo code if
any for disc. On
processing fee
Accept IOU before
proceeding
Go to the burger
menu
Hang on, We are Verifying you
A few minutes is all
it takes to verify you
End to end TAT of
24 hours
(1 working day)
Post Loan Credit, Repayment Details
Know your repayment
details here
All past loan history
shown here
A business loan is a loan specifically intended for business purposes.
As with all loans, it involves the creation of a debt, which will be repaid with
added interest.
There are a number of different types of business loans, including unsecured
loans, loan against property, working capital cash credit a/c, invoice financing,
microloans and trade financing.
Business Loans
https://docs.google.com/forms/d/e/1FAIpQLScHom3TbOma9UFeRCFjbe8XFdzenQgH
6WUcu5iw768mRph_Xw/viewformSell a Business loan
Sell loans easily through MintPro
Product features
• Amount: Rs 50,000 to Rs 1 cr, based on client risk profile
• Repayment Tenure: 1 month to 36 months
Lending amount and tenure
• EMI-based payment
• LK offers Fortnightly option too
• No pre-closure charges (for LK)
Repayment terms
• 1.5% to 2.5% per month (flat) – LK
• 23% - 30% reducing - IndifiInterest Rate
• Processing fees 2% (LK) 3% (Indifi)
• Documentation charges as applicable
• Insurance premium as applicable (only LK)
Other Charges
(Compulsory)
• Late fees- Rs. 300 for each overdue instalment
• Penal interest 0.1% per day on the overdue amount
• Bank charges – cheque dishonour charges
Other charges
(Situational)
Lenders have 30,000+ businesses financed with Rs 2,200+ Crores across 1500+ cities
Criteria for clients
650 (550 to 650 will be considered on case-to-
case basis)
Credit Cut Off Score (CIBIL)
Proprietorship / Partnership / Pvt Ltd / Public
Ltd/ LLP/ single owner company (not to HUF)
Entity Constitution
Entities or Self Employed Professional
Occupation
18 (24 for Indifi) to 65 years
Age of borrower
Online sellers, Retailers, Wholesale Traders,
Distributors of various goods, Matured start-ups,
B2B service companies, Small-scale Industries,
Technology companies, Manufacturing units
Preferred Industries
Rs 10 lakhs and above
Minimum Annual Turnover
A company making losses month on month is
rejected.
Minimum Profit After Tax
Minimum 6 months (1 year for Indifi)
Duration in Current Business
Yes permitted
Existing PL permitted
Absolute upper limit: 3 times of monthly
average sales
Loan Eligibility Multiplier
Top 5 Factors for getting the Loan Approved:- Leverage (existing loans taken)- Cheque returns - Average daily balance - Industry List - Sales turnover
List of negative industries
Power, Mining and Mining products
Gems and Jewellery
Real estate
builders/developers/brokers/hotels
Infrastructure road/other infra
companies
Commodity trading (Iron, Steel, etc)
Shipping
Bar Owners
Chit funds/small finance
companies/stock broking companies
Law firms
NBFCs/Other money lending
companies
Producers, financers, technicians and
others associated with film industry
Intelligence agencies/private security
firms
Politicians
Scrap Dealers
Arms and ammunition dealers
Edible Oil
Documents required
Last 12 months’
Bank Statements
(PDF from Bank)
PAN of the entity and Date of Birth of the proprietor /
partners / promoters
Proof of activity in case of
proprietorship firms and copy of partnership deed
in case of partnership firms*
Income Tax Return (only for loan > 10 lakhs)
Pre-terms documents
KYC documents Cheques
GST certificate
(if applicable)
Detail of 2 references
Post-terms documents
End to end TAT of
5 - 10 days* Udyog Adhaar not
accepted by Indifi
What is OSV?
What do OSV stands for?
OSV stands for Original Seen and Verified.
What is Original Seen and Verified?
Original Seen & Verified (OSV) mean
the original copy of the document should be seen
and verified by the partner who is sourcing the loan.
Sample case of OSV:
✓ KYC documents photos should be coloured.
✓ Original Seen & Verified is mandatory for any 1
KYC document.(Physical or digital)
✓ Adhaar number should be masked.
✓ No screen shot is accepted.
✓ In absence of salary slip stamped & signed
salary certificate on letter head is accepted
(coloured copy)
✓ Bank statement should not be older then 15 days.
OSV
Turtlemint agent signature
Importance point to remember
OSV
Turtlemint agent signature
Customer signatureCustomer signature
MintPro Flow
MintPro Flow
Frequently Asked Questions - CASHe1 Q Can physical documents be sent to CASHe?
A No, it’s a paperless process which can be done through the mobile only
2 Q What is the Turn-Around-Time of a personal loan?
A 24 hours after uploading all the documents and applying for the loan
3 QIf my client has paid his previous loan from CASHe and now wants to go for another loan, will I get the commission on the same?
A No, you do not get commission on subsequent loans
4 Q Can my client download CASHe app directly from play store and avail the loan?
A For you to earn the commission, it is essential that the client downloads the app only through the link sent by us.
5 Q What is the turn-around-time (TAT) to get the link for downloading the cashe app?
A Within a couple of hours
6 Q What is the tenure of the short-term personal loan?
A 62, 90, 180, 270 and 365 days based on the eligibility
7 Q What is the rate of interest for loans taken through CASHe?
A It varies from 2% to 3% per month depending on the eligibility and tenure
8 Q How do we communicate to the client the interest rate in his case?
A The CASHe app will show the client the exact eligibility, tenure, the rate of interest, and EMI before approval of loan
9 Q Which are the documents needed to be uploaded for availing the personal loan?
APan Card, Valid Address Proof, latest salary slip, last one month bank statement with the salary entry visible & ID Card
10 Q What is the commission for this loan?
A The DP will earn from Rs. 600 – Rs 1,200, depending upon the loan amount disbursed
11 Q What is the minimum income eligibility to avail loan from CASHe?
A The net take home salary should be minimum Rs. 15,000
12 Q If the client is not very tech savvy in uploading the docs on the App
AWe have made provision for DP to upload the docs on MintPro App, itself; the client would just need to press the Apply button from his/her App
13 Q How does the repayment of the loan happen
A The repayment will happen via NEFT or UPI (no IMPS or Cheque payments permitted)
14 Q What if the Client has already downloaded the APP earlier
A In that case, Client needs to delete the APP & re-install through the link provided; only then will the DP earn pay-out
Frequently Asked Questions - LendingKart1 Q What is the minimum and maximum loan amount that my client can take?
A Rs. 50,000 to Rs. 1,00,00,000
2 Q Are we getting the loan from MintPro or some other company?
A The Business Loan is given by a Non-Banking Financial Company named LendingKart
3 Q What is the rate of interest on the loan?
A The rate of interest varies from 1.5 to 2.5% per month (flat).
4 Q Can my client negotiate with LendingKart regarding the rate of interest?
AYes, once the lead and documents are provided to LendingKart, they communicate with the client directly and client can negotiate
5 Q Is there a bullet repayment scheme available for the business loan?
A No, only monthly or fortnightly EMI options are available
6 Q Are there any pre-closure charges if my client closes the loan before the tenure?
A No, the loan through Lendingkart does not have any pre-closure charges
7 Q In case of any difficulty in uploading the documents, whom do I need to contact?
A You can call on our toll-free number 1800 266 6468 or mail us on [email protected]
8 Q What if the minimum CIBIL score required and the processing fee to avail this loan?
A Credit cut off is 650 (550 to 650 will be considered on case to case basis). The processing fee is 2%
9 Q What is the minimum turnover required to avail this loan?
A Minimum annual turnover to avail this loan is 3 lakhs and above
10 Q What is the commission payout for business loan?
A The payout will vary from 1% - 1.5%, depending upon the disbursed amount
11 Q What is the turn-around-time for the business loan disbursement?
A 5 to 10 working days post submission of all the documents
12 Q In case my client does not have the PDF of the bank account statement while filling the form, what should I do?
ASend the PDF to [email protected]. If the client does not have an email account, tell the bank to send the account statement directly to [email protected] with a CC to [email protected]
13 Q In case the client is from a rural area and is not in a position to provide the soft copy of the statement, how do we proceed?
A Only in case of rural clients, a hard copy stamped and signed by the bank can be submitted through the application
14 Q Can the DP provide his/her mobile number & email id for the borrower lead
A The lenders identify the Lead from the Mail ID/Mobile no of the client; in case of same number used, the lead will get rejected
15 Q Do the Lending Cos take blank cheques
A No, companies only take PDCs (Post Dated Cheques) as security – generally 3/4 PDCs for EMIs & 1 for Full Loan Amount
1 Q When will I get the payout for the loans done by me?
A
The payout will be processed during the end of the month of the very next month post loan disbursement. Eg: If loan is disbursed on 11th June then the payout will be done during the last week of July month.
2 Q What are the reasons for rejection of loans?
ALoans can be rejected if - 1) The client has already applied through some other channel partner. 2) Due to the credit policy of the lender
3 Q The lead which I had given, has not been assigned to me; Why?
A
This happens only when you have not given the number which is registered with MintPro and typed in another number in the form, or the Google form has not been filled (in case of CASHe) and your client has directly downloaded the application.
4 Q In case I have any query on loans, whom can I contact?
AYou can call on our toll-free number 1800 266 6468 or mail us on [email protected]
5 Q From where can I get an information on the stage of loan in which my client is?
A
You will get SMS and emails on your registered email IDs. In case of the Personal Loan, the CASHe application which the client had downloaded will tell him about the stage of his loan
6 Q For the pilot project, how can we add new DPs
A
We run a weekly addition process. DP IDs for all DPs to be shared with [email protected] by Tuesday & post training webinar on Thursday, the DP can start giving leads for loans
Frequently Asked Questions – Operational
Best of Luck
(Lets give a LEAD for a LOAN)
Fintech Blue Solutions Private Limited (“Company”) through its mobile application (Android and Apple IOS) and/or
web portals including ‘Mintpro’ and ‘Turtlemint Money’ (“Platform”) lists loan products and offerings (“Loan Products”)
of different banks, NBFC’s, and other such lending avenues. The Company hereby represents to every user visiting
or accessing the Platform (“Customer”) that (i) it is not engaged in the business of providing any Loan Products,
banking and related ancillary services as may be specifically defined under the laws of India and/or specifically
categorized as lending activities, banking activities by the Reserve Bank of India; (ii) it is a mere aggregator to
provide access to Loan Products on its Platform; and (iii) it only lists the Loan Products offered by different entities on
its Platform. The Company does not warrant about the accuracy, credibility and viability of the Loan Products offered
on its Platform. The Company explicitly states that it is NOT a lender but only connects potential borrowers with
lenders and lending partners (“Lenders”) and thereby does not offers loans or any broker/agent services on behalf of
Lenders listed on its Platform. The Customer agrees and acknowledges that upon its request for a Loan Product on
the Platform, the Company shall share such request with the Lenders who shall then conduct CIBIL verification(s)
and undertake applicable compliances under law. The Company strongly advises and recommends Customers to
carefully read the terms and conditions of the Loan Products offered by different Lenders before making any decision
to opt for any services provided by the Company. Further, no employee/representatives/agents of the Company will
provide any commitment regarding any Loan Products referral received through the Lenders. Any complaint of
misconduct OR any deviation from the laid out process OR any collection of amount from the Customer under any
pretext whatsoever at any stage is strictly prohibited.
