#1  
27th December 2022, 06:35 PM
Unregistered
Guest
 
Posts: n/a

What are the formalities for taking a loan?


Hi lpu team, This is gangadhar I want to take a loan in our campus.
What are the formalities to get a loan , and is there any possibility to take a loan from second semester or we wanted to take a loan from first semester only.




  #2  
28th December 2022, 10:05 AM
Shantanubose22
 
Join Date: Dec 2022
Location: Kolkata
Posts: 608
Default Re: What are the formalities for taking a loan?

Below are the stages of loan origination process:

1) Pre-qualification process. This is the first step in the loan origination process. .
2) Loan application.
3) Application processing.
4) Underwriting process.
5) Credit decision.
6) Quality check.
7) Debt funds etc.
  #3  
28th December 2022, 06:10 PM
pearlrana
Senior Member+++++
 
Join Date: Jan 2016
Posts: 11,854
Default Re: What are the formalities for taking a loan?

The formalities for taking a loan is given below:-

Fill the application form and attached the documents.

Pay the processing fee

Discussion with the bank

Valuation of the documents.

The sanction / approval process

Processing the offer letter

Processing the property papers followed by a legal check

Processing a technical check and the site estimation

The final loan deal

Signing the agreement

The loan disbursal.
  #4  
28th December 2022, 07:28 PM
osmin
Senior Member+++++
 
Join Date: Nov 2017
Posts: 8,899
Default Re: What are the formalities for taking a loan?

Formalities for taking a loan:-

Pre - qualification process. This is the first step in the loan origination process.


Loan Application

Application Processing

Underwriting Process

Credit Decision

Quality Check

Loan Funding.
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  #5  
29th December 2022, 11:12 AM
avinash1997
Senior Member+++++
 
Join Date: Mar 2015
Posts: 6,465
Default Re: What are the formalities for taking a loan?

In order to get complete information (including eligibility criteria, list of documents required, features of the loan, etc.) about the different education loan schemes run by different banks you can refer to the link www.vidyalakshmi.co.in/Students/index.

Further, you can apply for the education loan during your second semester of the degree course or even later as there is no compulsion of availing of an education loan from the very first semester of an academic degree course.
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  #6  
29th December 2022, 11:38 AM
Aiman Afifa
Senior Member+++++
 
Join Date: Jan 2022
Posts: 4,398
Default Re: What are the formalities for taking a loan?

The formalities for taking a loan is ,first of all fill the application form & attach the documents.

Pay the processing fee.

Discussion with the bank.

Processing the offer letter.
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  #7  
29th December 2022, 01:11 PM
Ayesha baig
Senior Member+++++
 
Join Date: Oct 2021
Posts: 3,305
Default Re: What are the formalities for taking a loan?

The formalities is:-

You have to pay the processing fee

You have to fill the application form & attach the documents

The Final Laon Deal
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  #8  
29th December 2022, 05:10 PM
Msdhoni02
 
Join Date: May 2021
Posts: 4,040
Default Re: What are the formalities for taking a loan?

What are the formalities for taking a loan?

Fill the Loan Application Form & Attach The Documents.
Pay The Processing Fee.
Discussion With The Bank.
Valuation Of The Documents.
The Sanction/Approval Process.
Processing The Offer Letter.
Processing The Property Papers Followed By A Legal Check.
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Do you have any question? or have anything to say?



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