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  #2  
2nd November 2015, 11:49 AM
Super Moderator
 
Join Date: Apr 2013
Re: Home Loan Processing Steps

As per your requirement I am here telling you process to issue home loan from any bank in India .

Steps to issue home loan in India:

Home loan Application


Candidate can get the application form from any bank office or download it from online.

Fill the form and attach copies of the loan related documents.

Send the form and the non refundable processing fee to the bank for loan approval process.

Discussion with the Bank

Bank Investigation
Field investigation will be conducted to check all the information stated in the application form.

Offer Letter for the loan sanction:
Once the loan is sanctioned, the bank will send an offer letter to the applicant.

Submission of legal documents:

Technical Valuation of property

Along with the legal check the bank will also perform a technical valuation of the property.

Registration and Signing

Legal loan documents will be prepared on stamp papers by the bank lawyer.

Loan agreement must be signed and submitted back to the bank along with post dated cheques.

Loan Disbursal
Bank will disburse the loan amount based on the agreed term.
  #3  
13th October 2016, 10:43 AM
Unregistered
Guest
 
Re: Home Loan Processing Steps

Quote:
Originally Posted by Unregistered View Post
What is the common process to issue home loan from any bank in India ? Please tell Step by Step process for the same ?
Some below process for Home Loan

step 1: Meet with a Loan Market mortgage adviser

Step 2: Loan application process

Step 3: Assessment

Step 4: Conditional approval

Step 5: Security assessmen

Step 6: Lenders Mortgage Insurance

Step 7: Unconditional (full) approval

Step 8: Loan settlemen

Step 9: Insurance

All the process for You home loan step by step.
For properties in Pune


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