Question: draw a process flow diagram for bank for a car loan. Customer expresses interest in a car loan. Customer provides personal and financial information to

draw a process flow diagram for bank for a car loan.

Customer expresses interest in a car loan.

Customer provides personal and financial information to a loan officer or completes an online loan application.

Loan officer verifies customer information and credit history.

Loan officer determines loan eligibility and proposes loan terms.

Customer agrees to loan terms and signs loan agreement.

Bank disburses funds to the dealership or individual seller.

Customer makes regular payments on the loan over the agreed-upon term.

Loan is paid in full and title to the car is transferred to the customer.

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