What is the Procedure for Car Loan?

Car 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.

Car Loan Procedure

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?	Release of Payment (DD / RTGS)