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36 Sprint Training

Unnati +
Topics:

1. What is unnati +?
2. How to add dealers to Unnati+ ?
3. How to operate on Unnati+ ?
● Applications
● Loan details
● Upload Documents
Overview ●

Checks
QC Approval
● Disbursement
● Documents Received
● Closure

3. Status Update
What is Unnati Plus?

Unnati Plus is a 30 days lending program in which we provide


working capital loans to our channel partners (i.e. used car
dealers) for buying cars other than Cars24.

Example: A dealer X wants to buy car from dealer Y, We help


dealer X to buy cars by providing him loan against that
vehicle.
Raise : Unnati +

1. Go to DF live from your browser.

2. Choose “ Transactions ” from your left hand side Menu.

3. To initiate loan sanction process for unnati + dealers,


click on “ RAISE UNNATI + ” (top right).
USERS
City Teams

City Teams

Centralised Support
Team (Sudhanshu)

Finance Team

City Team (Note: this


is the last check to
pass)

Finance Team
Unnati : Applications
1. Select dealers from “ dealer ” option.

2. Only unnati+ enlisted dealers will appear on the


options.

3. The details must be filled in a proper horizontal


sequence. ( Arrow representation in next slide )

4. Registration number and Chassis number must be


unique. ( Duplicacy check )

5. Fields marked with “*” are mandatory.


Unnati+ : Loan Details
● Click on “ GET PRICE QUOTE ” for loan amount suggestion
from the system.

● Fill-in buying price ( Price of car bought by the dealer).

● If System Suggested Price > Buying Price, Buying Price will


be selected for “ Loan Amount ”.

● If System Suggested Price < Buying Price, System


Suggested Price will be selected for “ Loan Amount ”.
● Loan Amount must not be less than “minimum loan
amount” and more than “maximum loan amount”
(“Dealer Parameter” under customer database).

● On the click of submit button, eligibility checks are


performed.
SIMPLE INTEREST RATE TWO TIER INTEREST PENAL INTEREST
Unnati+ :
Upload
Documents
Unnati+: Eligibility Checks
Following checks are performed:

● Dealer Empanelment Check: Dealers must be enlisted to


pass this check.

● Default Check: Dealers must have a good loan repayment


record to pass this.

● Credit Limit Check: Dealer’s loan amount must not exceed


their credit limit.
● Credit Freeze Check: If the dealer’s credit limit is freezed,
this check will fail.

● EWS Credit Freeze Check: If EWS credit freeze checkbox


is ticked, this check fails.

● U+ Documents Received Check: Documents must be


received within 2 days (T+1)
Unnati+ :
QC Approval
● “Approve” option shows only if
Theft is answered with “ NO ” and
the rest of the questions are
answered with “ YES”.
● Verified “ Form 35 NOC” must be
provided in case of hypothecation.
● Loan won’t be approved if the car is
scrap.
● On the click of submit, eligibility
checks are performed.
Unnati+ :
Disbursement
On the click of submit ,
eligibility checks are
performed.
Unnati+ :
Documents
Received
All the documents
must be collected
within 2 days of
disbursement. (T+1)
Unnati+:
Closure

Manual DTA
Closure Closure
Details Status
Unnati+ : Application (& Eligibility check) N/A (Default/draft)
TER
AF ECK”
Eligible
“CH

Status Open (Intermediate) Reject

Updates Documents Uploaded Eligible (NOTE: No status update but


mandatory to move forward.)

Eligibility check

QCApproval (& Eligibility Sanctioned


check) Rejected

Disbursement (& Eligibility Delivered


check) Rejected

Documents Received Document submitted

Closure Closed
STATUS
UPDATE
U+ Communications

Dealers Internal team

SMS Mail
on sanction on sanction

Mail on
disbursement
Samples
U+: Rejections Cases
● If the dealer is blocked in Unnati, his loan will be
rejected.
● If the dealer has not submitted the original document of
earlier car, his loan will be rejected.
● If the dealer has not repaid the earlier loan within 30
days, his loan will be rejected.
● If form 35 NOC (in case of hypothecation) is not
provided, his loan will be rejected.
● If RC is lost/unavailable, loan will be rejected.
● In case of scrap, loan will be rejected.
U+ Risk Triggers
If Unnati dealer is a If Unnati+ dealer is a
defaulter, he won’t be defaulter, he won’t be
sanctioned loan under sanctioned loan under
Unnati+. Unnati.

After maturity date, the After maturity date, the


following will happen: following will happen:

1. Credit freeze block 1. Credit freeze block


2. Bidding block 2. Bidding block
3. GFD block 3. GFD block
IMPORTANT : Please go through this link of FAQs.

https://docs.google.com/document/d/1JFC
3CCS1MC_J2SGu7T5rUBdGaogwJgLJm_M
RmWVvynM/edit?usp=sharing
THANK YOU