Different banks provide home loan at different interest rate. However, if you want to get the home loan from ICICI bank. You need to know about the procedure of How To Get Home Loan In ICICI Bank.
How To Get Home Loan In ICICI Bank?
As searching for the home loan is important as searching for the dream house. There are various best lender. But this process involves many steps. Hence, an individual have to be patience and careful. Throughout the whole process. You can also apply from online as it is very easy to get the loan from online. Hence, follow the entire process carefully.
Collecting the Property Related Documents:
First of all you need to go to the builder and get the all property related legal documents. Consult to the builder and share your opinion as well.
After this you need to go to the advocate who is in the ICICI bank. There he will verify tour all documents. In order to give final opinion advocate needs to see sales Agreement & Construction Agreement and he needs a photostat copy of it. Following documents you need to collect from the builder:
- Encumbrance certificate till current date.
- Tax Paid receipt till date. There are chances that lawyer may ask for the various documents.
After the completion of the legal valuation. Go to the property valuator who is in the ICICI Bank Panel with the sales
ICICI mandates in the sales agreement as well as construction agreement. What is the value to which e-stamp. It is the main concern of the branch staff. However,and franking are actually the same.
E-stamping is a new technology whereas, franking is the old one. Where it was stamped. E-stamping can be done at post offices, Syndicate banks, Selected registrar offices, etc.
Submitting the Application:
However, after getting the statement of the valuator. As well as legal opinion. Go to the ICICI bank with the filled in application forms along with the required documents for loan application. Also attach the legal opinion and the Valuator
Once the loan is sanctioned. As well as you receive a call from the bank for documentation. You need to carry all the original documents and legal papers which you have submitted while applying for the loan. The loan applicant as well as the guarantor needs to be present at the bank for the documentation.
Once the loan is sanctioned go to the builder for following documents:
- NOC from the builder stating he hasn’t mortgaged this property to any other bank.
- Tripartite agreement.
- Demand note from the builder.
Hence, all these documents are being required by you in order to get the loan from the ICICI bank. AS well as you have to be careful and alert at each and every step of the home loan. Provide a.l the legal and essential details to the lender. As you will get the loan on the basis of your income. For this you need to have a stable job.