There are four types of collaterals available currently in the Saarathi application -

  • Property
  • Fixed Deposit
  • Recurring Deposit
  • Life Insurence 

We will run through Property - 

After selecting the Property under the collateral section we can select the below-mentioned details from the available dropdowns-

  • Property type
  • Property stage & property subtype 
  • No. of months property has been owned, 

Title documents type can be selected from the drop-down menu and the number of required documents needs to be added.

Clicking on collateral addresses a list of previously added addresses will be visible - Clicking on the appropriate addresses the addresses details will be added.

Collateral profiling - 

Below mentioned details will be asked - 

  • Date of purchase
  • Collateral area
  • Location of collateral
  • Approx value of collateral, etc 

On clicking on save, you have entered the collateral details successfully - you can add more collaterals by clicking on "Add More Collaterals".