#1
2nd November 2015, 10:31 AM
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Home Loan Processing Steps
What is the common process to issue home loan from any bank in India ? Please tell Step by Step process for the same ?
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#2
2nd November 2015, 11:49 AM
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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
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Re: Home Loan Processing Steps Quote:
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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