What is the Procedure for Personal Loan?
Personal Loan procedure mainly involves 5 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.
Compare
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 |
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 2 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? |
1 day to 3 days |
What is the result here? |
Payment to customer (DD / RTGS) |