4. Submit Application:

Fill out the application form provided by the lender. You may be able to do this online through the lender's website or in person at a branch office. Provide accurate information and double-check all details before submitting the application.

5. Loan Processing and Approval:

After submitting your application, the lender will process it and assess your eligibility. This may involve verifying the documents provided and conducting a credit check. If your application is approved, the lender will communicate the loan amount, interest rate, and other terms and conditions.

6. Loan Disbursement:

Once the loan is approved, the lender will disburse the loan amount to your bank account. Ensure that you provide accurate bank account details to facilitate the disbursement process.

7. Repayment:

Start repaying the loan as per the repayment schedule provided by the lender. This typically includes monthly installments comprising both principal and interest components. Set up a repayment plan to ensure timely payments and avoid any penalties or additional charges.

8. Monitor Loan Account:

Keep track of your loan account and statements to stay updated on your outstanding balance, repayment schedule, and any changes in interest rates or fees.

9. Closure of Loan:

Once you've repaid the entire loan amount along with interest and any applicable fees, ensure that you receive a closure confirmation from the lender. Verify that all dues have been cleared and there are no outstanding obligations.