All About Home Loan Process

            Owning a home isn’t just a keystone of wealth, it’s what gives us and our families, stability and  emotional security. If you’re hesitant about buying a home because you feel that getting a home
loan is a daunting task. Don’t worry! Applying for a home loan is an incredibly simple process.
If you take care of a few important details at the very beginning, securing a home loan is easy.

Step 1: Applying for a Home Loan

 Place an enquiry: To being with, you can place an enquiry on the company website
which is the easiest way and the company rep will get in touch with you. You can also
call on the number (9008133998) or visit tour office and fill the home loan application

 Documents required: It’s always helpful if you can keep a few required basic
documents handy which will be required for your home loan processing. Checklist

o Age & Identity Proof
o Residence Address proof
o Income Proof i.e. salary slips, form 16, income tax return
o Obligation Details with statement of accounts
o Property Documents, if the property is finalized i.e. Allotment letter of agreement
of sale & previous property chain link documents if the property is being resold

 Doorstep service – documents pick up: The branch rep will make a visit to the place
of your convenience, collect the documents and will submit them along with the
processing fee.

You have now completed the first step i.e. applying for a Home Loan

Step 2: Home Loan Sanction

 Determining the financial eligibility: The lender will use the information provided by
you to determine your financial eligibility based on your income, age, existing loans and
their repayment track and the same will be subject to positive residence and office
verification.

 Property valuation: Once your financial eligibility is determined, the lender will also
assess the property value to arrive at the final eligibility

 Legal Valuation: The lender would carry out Legal verification to ensure your property is
clear from any legal encumbrances
Based on the above checks, your loan is sanctioned. This is when you complete the 2 nd
stage, i.e. Loan Sanction

 Pre-finalized Home Loan: You can also go for a pre-approved loan even before you
have the property

Step 3: Home Loan disbursement

The final stage is Disbursement

 Signing the home loan agreement: You are now ready to sign the home loan
agreement. All that’s left is for you to submit your original property documents, a few
postdated cheques, and the loan agreement.

 Disbursement: That’s it! Lender will issue a cheque in the favor of seller/builder and
your dream home is a reality now. Your EMI commences from the day of disbursement.