Home Loan Guide
Home Loan Process for New Flat Buyers
Welcome to Ravima Venture This presentation simplifies your home-buying journey by guiding you through the step-by-step process of securing your home loan smoothly.
Step-by-Step Home Loan Process
Navigate the loan journey smoothly
Loan Eligibility Check
Start by assessing if you meet the eligibility criteria for a home loan based on your income and credit score.
Shortlisting Banks
Review and identify suitable banks or NBFCs that offer competitive interest rates and terms for your loan.
Documentation Submission
Prepare and submit the necessary documents such as identity proof, income statements, and property details for processing.
Loan Sanction
Once documents are reviewed, the bank will grant loan approval or sanction based on their assessment.
Disbursement in Stages
Funds may be disbursed in stages according to the construction progress of the property, ensuring proper utilization.
Disbursement in Stages
Funds may be disbursed in stages according to the construction progress of the property, ensuring proper utilization.
Registration & Possession
After complete payment and verification, complete the registration process and gain ownership of the property.
Step 1- Loan Eligibility Check - Understanding your eligibility for a home loan through a systematic approach.
Income Assessment
We evaluate your income to determine the amount you can borrow effectively.
Job Profile Consideration
Your job stability and current role play a crucial role in eligibility.
Eligibility Calculator
We provide a loan eligibility calculator to simplify your assessment.
Credit Score Review
Your credit score is analyzed to check your reliability for a loan.
EMI Analysis
Existing EMIs are factored in to ensure you can afford the new loan.
Bank Connections
Our team connects you with bank representatives for initial guidance.
Step 2- Choosing the Right Bank - Key Considerations and Benefits for Home Loan Buyers
Partnered Empaneled Banks
We collaborate with reputed banks like HDFC, ICICI, SBI for smoother loan processing.
Benefits of Empaneled Banks
Enjoy faster loan processing, project pre-approval, and minimal documentation requirements.
Comparing Key Factors
We assist in comparing interest rates, processing fees, and loan tenures for the best deal.
Step 3- Loan Sanction Key Actions in Loan Approval
Document Verification
The bank verifies your submitted documents along with the builder's project documents to ensure compliance.
Issuance of Sanction Letter
Once verified, a sanction letter is issued to the borrower, outlining the terms of the loan approval.
Validity of Sanction
The validity of the sanction letter typically ranges from 3 to 6 months, allowing time for further procedures.
Verification Call
The bank may conduct physical or tele-verification to confirm details before final approval.
Step 4- Loan Disbursement Overview of Disbursement Process
Stage-wise Disbursement
Disbursements occur at various stages based on the construction status of the project.
Demand Letters
Funds are disbursed based on the demand letters issued by the builder at relevant stages.
Interest Payment
Until possession, you only need to pay interest (pre-EMI) on the loan amount disbursed.
Final Disbursement
The final disbursement happens upon the completion of the construction.
Bank Coordination
We coordinate with the bank to ensure timely and adequate disbursement of funds.
Registration & Possession
Steps in Finalizing Your Home Loan
Loan Disbursement
The full loan amount is ready and released to the builder after all necessary agreements.
Sale Deed Registration
The Sale Deed is formally registered, solidifying the transaction between buyer and builder.
Stamp Duty Payment
The home buyer is responsible for paying the stamp duty and registration fees as part of the process.
Possession Handover
Upon completion of all formalities, the builder hands over the possession of the property to the home buyer.
Support from Our End
Assistance throughout the home loan process
Dedicated loan processing assistance
We provide personalized support to guide you through the loan application process efficiently.
Tie-ups with leading banks
Our partnerships enable us to offer you competitive rates and tailored loan options from top financiers.
Regular updates on construction stage
Receive timely information on your project's progress to stay informed and prepared.
On-time issuance of documents
We ensure that demand letters and necessary documents are issued promptly to avoid delays.
Reach Out Today
For any queries or guidance regarding the home loan process, please reach out to
our dedicated loan assistance team, ready to support you every step of the way.