Nandi Marketing
Nandi Marketing

What is the Procedure for Mortgage Loan?


Mortgage Loan procedure mainly involves 6 steps. Through 'Track Your Loan' facility, login4loan provides you an eagle's view through the entire process at the convenience of your home or office.

The duration mentioned below are only an indication. These vary from Bank to Bank and also from Case to Case.




Home Loan Procedure

Compare

What goes in here? Customer details and Requirements
Who are involved? Customer & login4loan / 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 & login4loan / 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? login4loan / 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? login4loan / 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? login4loan / 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)

  • Developed by Login4Loan.in