Home loan is a loan an Individual/Company can avail for purpose of
• Purchase of Ready Flat/Home/Villa/Building (Residential) /Plot
• Renovation Old Flats/Home/Villa
• Construction/Extension of Home
• Refinance of Earlier Purchased Home (with in 6 month)
In case of Home Loan Bank/NBFC’s make payment in favor of Seller/Builder/ Authority/Buyer(in case of Furniture and Fixture or Refinance)
Home Loan – Let’s simplify how this will go about and what are the steps.
• The first step involved in the process is to find your property,
• Know the Home Loan Eligibility
• Select the Best Home Loan after evaluation
• Applying for the Loan
• Documentation Verification Process
• Credit default check
• Bank sanctions Loan Offer letter to the borrower
• Acceptance Copy to the Bank
• Bank checks the legal documents
• Signing of agreement the loan disbursal
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