1.Collection Of Documents: You need to furnish all Documents as per check list. All the necessary Documents have to be submitted before the Finance Process can be initiated.
2.File Login: Your Loan application with the complete set of documents, you have furnished, will be submitted to the bank.
3. Field Verification: Field Verifiacation is initiated by the Bank and Customers are requested to co-oprate with the whole process. An independent outsourced agency of the bank will conduct a Field Verification at your Residance or office and may also do tele verification. THe agency then submits a positive or your negative report direct to the bank on the basis of your feedback. Usual Cases where FI report is Negative- locked house, no coperation by Customer , Wrong information or negative area etc. as specified by the financier.
4.Approval::After taking a Positive FI report, banker will give approval on the basis of available documents. If anything additional documents/ co-applicant may be required by the bank. It will communicated to you.
5.Agreements: Once approval is got, loan agreement needs to be signed Postdated cheques/ ECS to be submitted to the Bank.
6.Distlursoments: The bank does final checking of approval files, agreements, cheques etc. If complete, Deliver order will be issued to Sai Service. In case of any mismatch in signature address proof etc. Delivery Order will be delayed till rectification.
7.Delivery Of Car: Delivery of car will be done only after receit of Delivery Order from the Bankers, Subject to availability of model, color completion of registration process. etc.
All leading Banks and Finance Companies are associated with Sai Service in offering easy finance for automobiles.
