What is the first step to acquire a personal loan in nCino?

The process of acquiring a personal loan in nCino begins with completing an application. This step is essential as it serves as the foundation for the entire loan process. The application collects vital information about the borrower, including personal details, financial situation, and the specific loan requirements. Completing this application allows both the borrower and the lender to understand the terms of the potential loan, assess eligibility, and begin the necessary evaluations.

Once the application is submitted, the subsequent steps—such as document preparation, automated booking, and disbursement tracking—can take place, but none of these processes can initiate until the application is properly completed. This makes the completion of the application the critical first step in securing a personal loan through nCino.