A Structured Loan Request Process: Understanding the Role of Sponsors and Banks in Approvals

Naveen G.

Abstract: Sponsor can register and request for loans to banks. Salaried or Entrepreneur can request loan to Sponsor. The loans will be sanctioned depending on the rank and eligibility criteria. Sponsor submits the loan request to member bank. It is bank to bank loan process. Sponsor submits required documents for the loan requirement. Memberbank will forward the request to banker. Banker will approve/reject the loan request.

Keywords: Customer, Sponsor, Member bank, Banker