Vehicle financing involves a mobile asset that can be easily hidden or misrepresented. **Grace Power Verification India Pvt Ltd** provides specialized auto-loan verification services, ensuring that both the borrower’s profile and the vehicle’s physical details align with the loan application. We help banks and NBFCs prevent asset-based fraud through meticulous field inspections.
For new vehicle loans, we conduct "Dealer Point Verifications" to confirm the vehicle’s availability and the accuracy of the Proforma Invoice. For used or pre-owned vehicle loans, our team performs a physical "Chassis & Engine Number Trace" to ensure the asset hasn't been tampered with or previously financed elsewhere.
Operating throughout **Salem**, we maintain strong relationships with local regional transport offices (RTOs) and major automobile dealerships, allowing us to quickly cross-verify registration details and hypothecation status.
Our field executives follow a rigorous checklist to ensure the security of the vehicle loan:
Verification of the vehicle's physical condition, mileage, and the presence of mandatory accessories as per the valuation report.
Cross-checking the RC (Registration Certificate) book, insurance validity, and pollution certificates against government database records.
A standard residential visit to ensure the borrower is a permanent resident of Salem and has the financial capacity to service the EMI.
