Digitalisation in the Loan Journey
Gone are the days of lengthy paperwork and repeated visits to loan offices. With digitalisation, the entire loan journey, from application to approval and repayment, has become simpler, quicker, and more transparent. This blog breaks down the key components, benefits, and future trends of digital lending in India.
What are Officially Valid Documents (OVD)?
Officially Valid Documents (OVDs) play a key role in verifying identity and address during banking and loan-related procedures. Recognised by the RBI and financial institutions, these documents ensure compliance, prevent fraud, and streamline KYC verification. This article explains the purpose, importance, and list of OVDs you should know about.
