Loans may be applied for before or after selection of property. The loan amounts are sanctioned in principle to let buyers know the loan amount they are eligible. This helps them decide their budget and purchasing power. Actual disbursements are made after satisfactory verification of all necessary documents and completion of specific procedures.

The Co-owners of the property in respect of which financial assistance is sought, must be co-applicants. Usually joint applications are from husband-wife, father-son or mother-son. The co-applicants must be blood relatives.

The choice is completely yours. However, from customer erase perspective, most of our customers today opt for Direct Debit instructions such as Electronic Cleaning Services.

Pending final disbursement, you pay interest on the portion of the loan disbursed. This interest is called pre-EMI interest is payable every month from the date of each disbursement up to the date of commencement of EMI.

EMI (Equated Monthly Installment) is the amount payable to the lending institution every month, till the loan is paid back in full. It consists of a portion of the interest as well as the principal.