To make this component work you must follow these steps:
Add a Page trigger and select Page load
Select the Loader 3 [Hide] animation inside When page finishes loading
Position loader3_component inside page-wrapper
Set loader3_component position to fixed and display to none
Note:
Sometimes there may be a bug where the website briefly flashes before the loader is displayed. To avoid this add the following custom code in your Site settings > Custom Code > Head code