1. Introduction
Loanpao adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure secure loan applications on www.loanpao.in, in compliance with RBI guidelines.
2. Purpose of KYC
- Verify customer identity for applications like Personal Loans.
- Prevent fraudulent activities in services like Apply Now.
3. KYC Requirements
- Submit valid ID proof (e.g., Aadhaar, PAN) for loans like Home Loans.
- Provide address proof and income documents during application via Apply Now.
4. AML Measures
- Monitor transactions for suspicious activities in loan types like Business Loans.
- Report to authorities as per the Prevention of Money Laundering Act, 2002.
5. Data Protection
- KYC data is secured as per our Privacy Policy.
- Information is shared only with authorized lenders for processing.
6. Updates to Policy
We may update this policy to comply with RBI regulations. Last updated: May 15, 2025.
7. Contact Us
For queries, reach out via Contact or email support@loanpao.in.