How to Track Personal Loan Application Status Online?
Personal Loans are the best funding options for people who nee . . .
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Step | Description |
---|---|
1 | Register on the website of the concerned authority |
2 | Prepare the Notice of Intimation Regarding Deposit of Title Deed on an appropriate stamp paper |
3 | Upload the notice on the website in PDF format |
4 | Make the required fee payment using online payment methods |
5 | Wait for the verification and approval of the notice by the concerned authority |
6 | Receive the acknowledgement of the approved notice on the website |
Charges | NBFC | Government |
---|---|---|
Stamp Duty | Varies based on state and loan amount. | Usually ranges from 0.1% to 0.5% of the loan amount |
Processing Fee | Varies based on the NBFC. Usually goes up to 3% of the loan amount | [1] No processing fee charged by the government |
CERSAI Charges | Rs 50 to 500, depending on the loan amount | |
Legal and Valuation Charges | Usually ranges from Rs 5,000 to 10,000 | Varies based on the government agency and ranges from Rs 2,000 to 5,000 |
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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