A potential partner will be assessed and evaluated based on the following criteria: –

• Analysis of the financial statements of the Partner for profitability and other financial parameters
• Assessment of the performance of the Partner’s loan portfolio to ascertain the efficiency of its sourcing quality and collection processes. For this purpose, data pertaining to product mix, delinquency trends, and credit loss trends of the portfolio of the Partner shall be evaluated by RAR Fincare. In addition, RAR Fincare may rely on reports from the credit rating agency
• Assessment of qualitative factors such as market standing and reputation of the promoters, and the historical performance of the portfolio originated
• Vintage of the Partner in the business
• The Partner Banks/NBFCs/HFC should be registered with RBI/National Housing Bank (NHB) and governed by extant regulations of RBI/NHB
• A Master Agreement (also referred to as “Agreement”) shall be entered with the Partner, which will include terms and conditions of the arrangement, the criteria for selection of partners, the framework for the partnership, the credit screens that would be applied for the arrangement, the specific product lines and areas of operation, provisions related to segregation of responsibilities, customer interface and protection of customer rights