Dear Client,
Please find below the Loan application process followed in Banks.
Steps:
1. Applicant fills a loan application form.
2. Handover the form to the Bank.
3. Bank checks with CIBIL for credit score & Report.
- Low credit score leads to loan rejection.
4. High credit score leads to eligibility check & basic documentation.
- No eligibility leads to rejection of application.
5. Eligibility leads to loan approval.
Please find below the Loan application process followed in Banks.
Steps:
1. Applicant fills a loan application form.
2. Handover the form to the Bank.
3. Bank checks with CIBIL for credit score & Report.
- Low credit score leads to loan rejection.
4. High credit score leads to eligibility check & basic documentation.
- No eligibility leads to rejection of application.
5. Eligibility leads to loan approval.
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