• Loan application forms alongwith the documents required pertaining to various loan products will be made available on SICOM’s website for downloading by the applicant. Any changes in the formats of the loan products or introduction of new products will be updated on the website within a week.
  • All the loan applications received will be acknowledged on the same day. On receipt of the loan applications, the borrower will be indicated the approximate date by which the applicant should call on SICOM for preliminary discussions if deemed necessary. During this meeting, the applicant will be given the details of additional information / particulars that may be required to process the application. Depending on the type and quantum of the assistance sought, the approximate time for processing ( which will be less than 4 to 6 weeks on receipt of complete information.) will be indicated to him.
  • In case the proposal is not acceptable, the borrower would be communicated orally and will have the option to know the reasons of rejections in writing or to withdraw the application.