OUR LOAN PROCESS

1

DOCUMENT COLLECTION

The loan process begins with us collecting all the necessary documents from the borrower. These documents typically include proof of identity, income statements, bank statements, collateral documents (if applicable), and any other relevant paperwork. We ensure that all required documentation is complete and accurate.

2

INTERAL APPLICATION REVIEW

After gathering the borrower's documents, we conduct an internal review of the application. This review is to ensure that the application is complete and that the borrower meets the initial eligibility criteria for the loan.

3

COMMUNICATION WITH BANK

We Communicate with Nationalized, Private, Cooperative Banks, Societies, Or Nbfc Lending Institutions on Behalf of The Borrower, Where the Loan Case Fits as Per the Criteria and Get-to-get Sanction. We Submit the Loan Application, Along with The Collected Documentation, To the Institution for Further Evaluation and Processing.

4

PROVISIONAL SANCTION

The bank assesses the loan application, conducts a credit check, and reviews the borrower's financial history. If the borrower meets the bank's criteria, the bank grant provisional sanction, indicating their intent to approve the loan. This provisional sanction is not a final approval but serves as an initial step in the loan approval process. We will get the provisional sanction for you.

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5

FINAL SANCTION

Following provisional sanction, the bank conducts a more thorough assessment of the application, which may include appraisals and additional due diligence. If all requirements are met and the bank is satisfied with the borrower's eligibility, they grant a final sanction, officially approving the loan. It's important to note that the final sanction is contingent upon the determination of consultancy charges.

CONSULTANCY CHARGES

We charge consultancy fees for our services, and it's important to note that payment is required before proceeding with the loan application. These fees cover our costs for document collection, application submission, and the guidance provided to the borrower. The specific charges are typically communicated to the borrower during the application process.

7

SIGN LOAN DOCUMENTS

We will get the loan documentation signed by clients. The borrower is provided with the loan documents, which include the loan agreement, terms, and conditions. The borrower reviews and signs these documents to accept the loan and its associated terms.

8

LOAN DISBURSEMENT

Once the loan documents are signed and any remaining conditions are met, the bank disburses the approved loan amount. This marks the final step in the process, where the borrower receives the funds, they applied for, and the loan becomes active.