"All PSU Banks must have Online Loan
Application System (OLAS) in its
Intranet Portal from now ON;
whenever a customer wants to take a loan,
enter his/her CIF, PAN and AADHAAR No.
in 'OLAS' and press 'Enquiry' BUTTON.
It will generate the respective
'CIBIL' and 'CRIF' report of
that customer INSTANTLY;
if those reports are not satisfactory,
then reject the loan proposal by
stating the reasons EXACTLY.
If the reports are good, then proceed
to the next step by pressing the 'Proceed'
button to select the 'Type of LOAN';
once you select the type of loan, an
online application form will come which
you can fill up on your OWN.
Then click on 'Preview' button
and verify with the customer
and his/her KYC documents,
that all the information
is CORRECT;
once the verification and editing process is
done, press the 'Print' button to take the
printout of the forms, get the customer's
sign and two officer's sign to make the
application process complete and PERFECT.
Now, put all the signed
application papers
in a high speed scanner
to make soft copies
of all the PAGES;
again go to 'OLAS', and you will see that
an application ID has been created in that
customer's name, click on the ID and upload
all the scanned documents by following
the relevant steps of all STAGES.
Once the loan account gets opened after
final approval in 'OLAS', it is time
for final DISBURSEMENT;
by these easy procedures, PSU Banks
can compete with anyone in this
competitive ENVIRONMENT."- Arindam Sain
Application System (OLAS) in its
Intranet Portal from now ON;
whenever a customer wants to take a loan,
enter his/her CIF, PAN and AADHAAR No.
in 'OLAS' and press 'Enquiry' BUTTON.
It will generate the respective
'CIBIL' and 'CRIF' report of
that customer INSTANTLY;
if those reports are not satisfactory,
then reject the loan proposal by
stating the reasons EXACTLY.
If the reports are good, then proceed
to the next step by pressing the 'Proceed'
button to select the 'Type of LOAN';
once you select the type of loan, an
online application form will come which
you can fill up on your OWN.
Then click on 'Preview' button
and verify with the customer
and his/her KYC documents,
that all the information
is CORRECT;
once the verification and editing process is
done, press the 'Print' button to take the
printout of the forms, get the customer's
sign and two officer's sign to make the
application process complete and PERFECT.
Now, put all the signed
application papers
in a high speed scanner
to make soft copies
of all the PAGES;
again go to 'OLAS', and you will see that
an application ID has been created in that
customer's name, click on the ID and upload
all the scanned documents by following
the relevant steps of all STAGES.
Once the loan account gets opened after
final approval in 'OLAS', it is time
for final DISBURSEMENT;
by these easy procedures, PSU Banks
can compete with anyone in this
competitive ENVIRONMENT."- Arindam Sain