Blog Details

The login process for filing a loan to a lender

Modalities

The login process for filing a loan to a lender usually involves several important steps. Here is a general outline:

(1) Access to Lender’s Portal: Applicant visits the lender’s online portal or website either by self or through sourcing channel.

(2) Uploading of details/documents: Uploading of relevant information/documents to be provided before submitting the application to login to the loan case.

(3) Verification by Lenders: To proceed with the login, the authorized person of the lender will enter the LOS by entering the credentials such as username and password.

(4) Review and Confirm: The lender's authorized user will check all the information entered for accuracy, and confirm the submission of documents, such as:

Proof of Income
Credit Report
Identification

(5) LOS Process: The lender's authorized user will select the loan product and plan based on the information/documents uploaded by the applicant.

(6) Applicant receives confirmation: After review by the lender's user, the applicant will receive a confirmation email or message indicating that your loan file has been received.

(7) Tracking Application Status: Further, the applicant can track the status of the loan application by logging into the portal whenever required.

Please note: In case an applicant wishes to compare offers received from multiple lenders and choose the most suitable option, he/she will have to apply on separate portals of each lender, whereas on myrinbazaar portal, the applicant can complete these 7 steps with all the lenders in one go