What's process for approval and disbursement in CV loan

Question

Accepted Answer

The process for approval and disbursement in a CV loan involves several steps and criteria.

The applicant submits a loan application along with the required documents.
The credit executive reviews the application and assesses the applicant's creditworthiness.
The executive analyzes the applicant's financial statements, credit history, and collateral.
If the applicant meets the eligibility criteria, the loan is approved.
The approved loan amount and terms are communicated to the applicant.
Upon acceptance of the terms, the disbursement process begins.
The loan amount is disbursed to the applicant's designated account.
The applicant is required to provide necessary documentation for collateral, if applicable.
Regular repayments are scheduled as per the agreed terms.
The credit executive monitors the repayment process and ensures compliance.
In case of default, appropriate actions are taken to recover the outstanding amount.

Accepted Answer

I have explain from login to disbursement

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