LOANING PROCESS

(Taking HARCO BANK as reference)


Borrowing From Higher Resources
Lending to CBs or Other Institutions
STEP-1 Application to Higher Resources for Sanction of Limit Application from CCBs or Other Institutions for Sanction of their respective Limits
STEP-2 Sanction of Limit by Higher Resources Sanction of Limits by Higher Resources and/or HARCO
STEP-3  Raise the Demand after the Loan has been given further to CCBs CCbs Disburse Loan further and raise demand with submission of proper documents and completing all formalities
STEP-4 Disbursement of Amount by Higher Resources after proper scrutiny Disbursement of Amount to CCBs after proper scrutiny
STEP-5  Payment to Higher Resources as per Due dates Recovery from CCBs as per due dates
STEP-6 Interset Caclulation, Accounting and MIS Reports. Balance Reprots