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Home Loan

How To Get A Home Loan

Obtaining a home loan is easier than you think. It is a simple six-step process. If your documents are in place, there’s no reason why you should find the process cumbersome. 




Step 1: Fill up the application form

To start the home loan process, meet a bank executive and fill up the application form. Please ensure that all the details are correctly mentioned. We strongly recommend you to fill the form yourself and not leave it up to the bank executive to fill it for you. 


Step 2: Submit the documents

Along with the application form, you will need to submit the documents that the bank/NBFC asks for. The most common documents include:

  • Your photo, pan card, identity and address proof (Aadhar card, voter ID, passport, driving license etc.)
  • Property documents
  • Your income documents
  • Bank account statements
  • Other documents as per the requirement of the financial institution

Step 3: Document processing and verification

Next, the bank/NBFC will process your documents and conduct necessary verifications. They will evaluate your income documents, your credentials such as your Cibil Score and property papers to understand whether they will provide the loan. They might conduct you during this stage if they need additional documents. They might also visit the property site to conduct on-the-spot verifications


Step 4: Issuing the sanction letter

Once the loan approving authority decides to give you the loan, you will receive the good news. You will then receive the sanction letter where the terms of the loan will be mentioned. 


Step 5: Loan agreement signing

Once you receive the sanction letter, you will have to sign the loan agreement which will have all the terms and conditions of the loan. 


Step 6: Loan disbursal

Finally, the loan amount will be disbursed. You will receive a copy of all the documents you have signed and the loan agreement. Keep them safe and secure. 

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