गृह ऋण वितरण प्रक्रिया के लिए पूरी मार्गदर्शिका

05 जून 2023

Back to all Articles


What is Home Loan Disbursement?

Now that you have a thriving career, you are done living on rent. You have already picked your dream house. You have also narrowed down on the bank that you want to borrow your home loan from-like for example Bank of Baroda, based on low attractive interest rates, flexible EMI options and speedy processing and simple straightforward documentation. Now before you approach a financial institution, it helps to know how a home loan is disbursed. Here is a simple guide to the home loan disbursement process where we discuss the three stages of home loan disbursement.

How Does Home Loan Disbursement Work?

How the bank makes the disbursement really depends on what stage of construction the real estate property is at. If it is a resale or a fully constructed house, the bank may make full disbursement at one go but if it is partially constructed then the disbursement may also be done in tranches. Bank of Baroda home loan can be availed for different types of residential properties and purposes like –

  • Purchase of a recently constructed house
  • Resale
  • Purchase of Residential Plot land
  • Construction of house
  • Home improvement/extension of rooms and area

The Three Home Loan Disbursement Stages Are -

1. Apply for a Home Loan

First stage is the submission of the home loan application along with relevant original documents. The documents you would be required to submit include:

  • Passport size photographs
  • Proof of identity, residence, and age
  • Proof of office/business address
  • Bank statements of the last 6 months
  • Copy of Income Tax Returns of the last 2 years
  • Proof of investments such as insurance, fixed deposits or shares and stocks
  • Pay slips of the last 3 months for salaried persons
  • For business owners/self-employed persons: Verified copies of Balance Sheets, Profit and Loss accounts, IT Return, assessment orders, advance tax challans, (for both company/firm and personal account), VAT/GST Returns for the last 3 years
  • Copy of documents related to the property to be purchased

2. Home Loan Sanction

Once the application is submitted with the financial institution, the second stage is that of sanction and disbursement. The loan application will also go through technical and property verification, accompanied by inspections.

You receive the confirmation through a home loan disbursement letter, which is when you know that your loan application has been cleared. In the event that your loan application is incomplete or some documents relevant for the sanction are missing, you would be asked to furnish those before your loan is sanctioned. Documents like own contribution receipt, NOC or no objection certificates and sale deeds are legally examined by the bank’s legal experts. Once the lawyers approve of the legitimacy of the documents served, the loan application goes to the next stage of final approval.

3. Repayment schedule, down payment amount and dates

The bank officer will obtain the receipt of the down payment made by you and confirm the date when the first instalment must be paid. Once the documents like the Credit Facility Application Form have been processed, the amount will be disbursed in single payment or in tranches.

Based on impressive credit scores of some of the old-time borrowers, banks may also offer them pre-approved home loan .

Popular Articles

Related Articles

  • डिस्क्लेमर

    इस लेख/इन्फोग्राफिक/चित्र/वीडियो की सामग्री का उद्देश्य केवल सूचना से है और जरूरी नहीं कि यह बैंक ऑफ बड़ौदा के विचारों को प्रतिबिंबित करे। सामग्री प्रकृति में सामान्य हैं और यह केवल सूचना मात्र है। यह आपकी विशेष परिस्थितियों में विशिष्ट सलाह का विकल्प नहीं होगा । बैंक ऑफ बड़ौदा और/या इसके सहयोगी और इसकी सहायक कंपनियां सटीकता के संबंध में कोई प्रतिनिधित्व नहीं करती हैं; यहां निहित या अन्यथा प्रदान की गई किसी भी जानकारी की पूर्णता या विश्वसनीयता और इसके द्वारा उसी के संबंध में किसी भी दायित्व को अस्वीकार करें। जानकारी अद्यतन, पूर्णता, संशोधन, सत्यापन और संशोधन के अधीन है और यह भौतिक रूप से बदल सकती है। इसकी सूचना किसी भी क्षेत्राधिकार में किसी भी व्यक्ति द्वारा वितरण या उपयोग के लिए अभिप्रेत नहीं है, जहां ऐसा वितरण या उपयोग कानून या विनियमन के विपरीत होगा या बैंक ऑफ बड़ौदा या उसके सहयोगियों को किसी भी लाइसेंसिंग या पंजीकरण आवश्यकताओं के अधीन करेगा । उल्लिखित सामग्री और सूचना के आधार पर किसी भी वित्तीय निर्णय लेने के लिए पाठक द्वारा किए गए किसी भी प्रत्यक्ष/अप्रत्यक्ष नुकसान या देयता के लिए बैंक ऑफ बड़ौदा जिम्मेदार नहीं होगा । कोई भी वित्तीय निर्णय लेने से पहले अपने वित्तीय सलाहकार से सलाह जरूर लें।

7 Step-guide to applying for a Home Loan

All of us dream of becoming homeowners. It is a way of ensuring lifelong financial security; the kind that does not come from living in a rented home. But buying a home is a complicated process. Whether it is years of savings to be given as down payment or finding the right locality to invest in; the process of buying a home is elaborate. And since property investments take a huge chunk of savings, most of us rely on home loans. Yes, you can take out a home loan and pay it off in easy equated monthly instalments (EMIs) for tenures lasting up-to 30 years. Let’s understand the home loan procedure.

गृह ऋण संबंधी टॉप-अप-संपादित

यह एक नया वर्ष है और ज्यादातर लोगों के जीवन में नयापन आना, सामान्य है। फिर भी अपने लिए घर खरीदना सबसे बड़ी आकांक्षाओं में से एक है। हालांकि, अचल संपत्ति की आसमान छूती कीमतों के साथ, संपत्ति की खरीद कई व्यक्तियों की पहुंच से बाहर है। इस कारण से, घर खरीदार अब अपने सपनों के घर की खरीद के लिए गृह ऋण का विकल्प चुन रहे हैं। बैंक और कई उधारदाता इन दिनों कई नियमों और शर्तों के अधीन ब्याज की प्रतिस्पर्धी दरों पर आवास वित्त प्रदान करते हैं।

Add this website to home screen

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
हम अपनी वेबसाइट पर आपके अनुभव को बढ़ाने के लिए कुकीज़ (और इसी प्रकार के उपकरण) का उपयोग करते हैं। हमारी कुकी नीति, गोपनीयता नीति और नियम एवं शर्तों के बारे में अधिक जानने के लिए, कृपया यहां क्लिक करें। इस वेबसाइट को ब्राउज़ करना जारी रखते हुए, आप कुकीज़ के उपयोग हेतु सहमति देते हैं और गोपनीयता नीति एवं नियम और शर्तों से सहमत होते हैं।