Approval and Disbursement Process
Our focus is to simplify, and shorten the process of acquiring your "Dream
Once you have identified your "Dream home", we work towards ensuring that you also get your home loan
just as easily. The loan approval & Disbursement process mainly consists of four simple steps.
Step 1: Appraisal
The client visits our office with his requirements and personal details. He is
then explained the complete procedure for availing home loan & all the necessary documents are called
for. At this stage, we want to determine that you can afford the loan repayments. Our credit team will
conduct income verification and validate the accuracy of the information you have provided. Credit
check will then be carried out to reveal your credit history; in this case we as a lender will obtain
a credit report that will show the following details: Personal details such as: Name, Residential
Addresses, Date of Birth and PAN card number Records of some recent credit accounts (if any). As your
credit history plays an important part in the home loan application process, it is always advisable to
clarify and resolve any credit related issues before lodging your loan application.
Step 2: Security Evaluation
A) Technical Evaluation A qualified technical officer will conduct a valuation
on the property you intend to purchase and any property that will be used as security. We have
appointed a Field Investigation (F.I.) agency for checking correctness of all the personal information
provided by the client such as – number of earning/non-earning members in family, relationship with
the neighbors, number of years at the current residence, nature of construction of house property,
living standard of the family, affiliation with any political party, occupation of all earning
members, name of their employer, name of their organization, time since working with the current
employer, details of any existing loan facility availed with any other bank or individual & repayment
track record of the same, his pass book for saving bank account, his identity proof and property
documents. The FI agency then prepares a detailed report of its observations & if found positive then
Search and Valuation reports are being called for.
B) Legal Evaluation A qualified lawyer will examine the property documents i.e.
chain of agreements/title etc to determine if the property documents provided by you are conducive for
lending and provide us a search Report for the same. If there is any contradiction between any of the
above 3 reports then an executive from our office gives a personal visit for verification of the
correctness of the same
Step 3: Loan Sanction
Considering there are no major issues with your income verification and credit
checks, we will provide sanction for your loan. This means that we will provide you a loan Agreement
favoring all the applicants to the loan. A guarantor, who should be a person known to the company or a
government employee, is also asked to be a party to the contract & liable to the company in case of
any default in repayment of loan installment by the borrower. We recommend all applicants read this
document carefully, sign and return it to us, making sure the information is correct and that everyone
understands all the terms and conditions. Home loan executive will be there to guide you through this
step and assist you in compiling documents should we require any further information. The maximum loan
amount sanctioned in any case shall not exceed 80% of the value of property as assessed by the
Valuation Report prepared by approved valuers. If the loan amount exceeds his capacity, then a
co-borrower is being asked for.
Step 4: Disbursement
After such clearance, the disbursement course for the approved amount is
prepared by the company and it is handed over to you. After receiving the funds you will start paying
your first home loan repayment, usually one month after the disbursement date.