One changed number
A loan agreement goes out with an interest rate, a tenure, a repayment schedule and a set of covenants. It comes back signed. If any figure changed between the two, the bank has either a fraud, a dispute, or an audit finding waiting to happen. Reading forty pages for a changed decimal is not a control; it is hope.
Where the changes hide
- Interest rate and reset clauses, especially where the rate is spelled out in words and figures.
- Tenure, moratorium and prepayment terms.
- Security and guarantee schedules at the back of the document.
- Definitions, where a single changed word alters the meaning of every clause that uses it.
- Annexes and schedules that were re-issued separately and stapled in.
A comparison as a pre-disbursement control
The control is simple to state: before disbursement, the signed agreement is compared against the issued agreement, and the comparison result is attached to the file. The expected result is no substantive change. The comparison engine on this site produces exactly that: a change list with page numbers, a redlined PDF and a side-by-side view. Running headers, footers, page numbers and unchanged schedules are held out, so a clean document produces an empty list rather than forty pages of noise.
Sanction letters, KYC forms and policies
The same control applies to any document that goes out and comes back. Sanction letters returned with acceptance, account-opening forms returned by the customer, and internal credit policies re-issued after committee all benefit from a change list that a checker can read in a minute.
Keeping documents inside the bank
Loan documents should not leave the institution. Enterprise deployments run the comparison engine inside the bank's own VPC or on-premises, with no outbound traffic. The REST API then lets the loan origination or document management system trigger the comparison automatically on every returned document.
Try it on your own documents. Upload two versions on the homepage. Documents up to 30 pages need no account, and nothing is stored.
Industry page: PDF comparison for banks and NBFCs