What is the Procedure for Mortgage Loan?
Mortgage Loan procedure mainly involves 6 steps. Through 'Track Your Loan' facility, ezloans provides you an eagle's view through the entire process at the convenience of your home or office.
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| What goes in here? |
Customer details and Requirements |
| Who are involved? |
Customer & ezloans / Bank / DSA |
| How much time does it take? |
2 minutes to 1 day |
| What is the result here? |
Selecting a Bank and Loan type |
Apply
| What goes in here? |
Documents |
| Who are involved? |
Customer & ezloans / Bank / DSA |
| How much time does it take? |
1 day to 2 days |
| What is the result here? |
Collecting, Preparing and Submitting the documents |
Credit
| What goes in here? |
Loan File |
| Who are involved? |
ezloans / Bank / DSA & Credit Manager, Verifying Team |
| How much time does it take? |
1 day to 3 days |
| What is the result here? |
Sanctioning or Declining of the Loan |
Legal & Technical
| What goes in here? |
Property Documents |
| Who are involved? |
ezloans / Bank / DSA & Legal & Technical Team |
| How much time does it take? |
2 days to 5 days |
| What is the result here? |
Legal and Technical Clearance |
Agreement
| What goes in here? |
Sanction Letter & Blank Loan Agreement |
| Who are involved? |
ezloans / Bank / DSA & Customer |
| How much time does it take? |
1 day to 3 days |
| What is the result here? |
Collecting, Preparing and Submitting the Agreement |
Disburse
| What goes in here? |
Loan Agreement |
| Who are involved? |
Disbursement Team & Customer |
| How much time does it take? |
2 day to 4 days |
| What is the result here? |
Release of Payment (DD / RTGS) |
