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Owning a home/ terms and condition / Buying Process
 
Loan procedure
BASIC REQUIREMENTS
  1. Builders Agreement
  2. Agreement for Sale
    Both Builders Agreement and Agreement for Sale should be signed by the Customer and Builder, both signed on the same day.
  3. Photocopies of Builders Agreement and Agreement for Sale
BANK DOCUMENTS

1st Stage

  1. Builders letter to Bank
  2. Photocopies of Builders Agreement and Agreement for Sale
  3. Parent Documents
  4. Approved Plan
  5. Updated EC

2nd Stage

  1. Loan Demand Letter
  2. Original Payment Receipts (Customer) to be given to bank

3rd Sage

REGISTRATION

CUSTOMER SIDE

Following Documents should be brought in by customers at the time of Registration

  1. Any Government issued photo proof ID card like PAN Card, Driving License, Ration Card, Passport etc.
  2. Four Passport Size Photos
BUILDERS SIDE

Following Documents should be brought in by Builder at the time of Registration

  1. Any Government issued photo proof ID card like PAN Card, Driving License, Ration Card, Passport etc.
  2. Two Passport Size Photos

FOR LIC

  • Tri Party Agreement is required
  • Purchase procedure
TO FINALISE THE DEAL WITH THE DIRECTORS
TO RECIECVE THE ADVANCE IN CONFIRMATION WITH THE BOOKING
To sent the list of required documets for loan and reciept of all documents
PREPARE BUILDERS AGREEMENT/ AGREEMENT FOR SALE
SIGINING OF AGREEMENT BOTH DIRECTORS AND CUSTOMER (10% OF THE TOTAL AMOUNT TO BE RECEIVED BY THE COMPANY)
SENT ALL THE DOCUMENTS TO THE BANK WHICH SHOULD INCLUDE
  1. Customers loan documents (as specified by bank)
  2. Builder’s documents
  3. Parent document
  4. Approved plan
  5. Photo copy of builder’s agreement
  6. Photocopy of agreement for sale
GET LOAN APPROVAL LETTER FOR BUYER (11 DAY)
BUYER HAS TO SIGN THE LOAN KIT
REGISTRATION
   
   
  5 DAYS
   
   
   
   
   
   
   
  2 DAYS
   
   
   
   
   
   
  1 WEEK
   
   
   
   
   
   
   
  NEXT DAY
   
   
   
   
   
   
   
 

10 Days time frame required for verificatin of residence, employment proof, legal opinion, valuation report etc.

   
   
   
   
   
   
  12 DAYS
   
   
   
   
   
   
  3 DAYS
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