How does video KYC work for home loan applications?

Video KYC is a remote identity verification method where a bank representative conducts a live video call with the loan applicant to verify identity, documents, and physical presence, replacing the need for in-branch verification.

How Video KYC Works

• Applicant schedules a video call through the lender's app or website
• Representative verifies identity documents shown on camera in real time
• Liveness detection confirms the applicant is physically present, not using a photo
• Session is recorded for compliance and audit purposes

Benefits of Video KYC

• Eliminates the need for physical branch visits
• Speeds up loan approval timelines significantly
• Particularly useful for NRIs and applicants in remote locations

Requirements for Video KYC

• Stable internet connection and original identity documents on hand

In summary, video KYC enables secure, remote identity verification for home loan applications, saving time for both applicants and lenders. It's especially beneficial for NRIs and busy professionals unable to visit branches in person.