Housing loan issued by many nationalized banks, Private
banks and many financial institutions.
If anyone wants
to apply the housing loan they need to approach the financial institutions. The
Financial institutions have lot of rules and regulations . Initially the
applicant should fill the application form . They have to declare all their
personal and official information
including their income details.
The financial
institutions are giving the housing loan based on the applicant's income and
nature of their companies. And also the bank and financial institutions
needs one valid ID proof and address
proof of applicants. And also they have
verified the bank statement of
applicants. So that the applicants should produce their savings and current
account bank statement to the financial institutions.
The applicants
should produce their property details to the financial institutions and banks.
Then the financial institution's and bank's lawyer will check the applicant's documents . After the lawyer went through their documents and send
his reports to the related institutions.
After the financial institutions went
through the various reports then they
will sanction the loan amount to the particular applicant.
Every month the
eligible applicant pay their monthly installment through online or directly to
the financial institutions.
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