Budgeted flats is a property consultant/agent helps you in buying property in Pune; guides you from home loan until you get the keys of your dream home.

1. Guidence for Home Loan

2. Once you finalized ideal property, next step is to look for the financial support. Banks in
India are the reliable sources of money lending, it easies the financial burden to a major
extent. Let’s discuss about the home loan application procedure which makes your task
easy to some extent.
1. Obtaining an Application Form: The home loan application form for most of the banks is
more or less similar. A basic home loan application form consists of the following sections:
 Personal and Employment Details
 Financial details
 Bank account details
 List of documents required for home loan application include
2. Fees for Home Loan Processing: Every bank charges a non-refundable processing fee
which is generally 0.25-0.50% of the total amount. This fee is paid to the bank towards
formality completion and loan maintenance.

3. 3. Face-to-Face Discussions: After submitting the application form, the bank then calls for
an in-person discussion. The documents submitted will also be evaluated along with loan
application.
4. Applicant's Credentials: Banks then send their representatives to the applicant's
workplace to get the submitted documents validated. Banks taken into account the
following most important factors while evaluating: Banking History, Employment History,
Income, Age and Job stability. Based on this banks analyse the repayment capacity of the
applicant.
5. Loan Sanctioning: If the records are found to be satisfactory then the bank sanctions the
specified loan amount to the applicant. A loan sanction letter will be sent to the applicant in
this regard which will include details like the loan amount, rate of interest, tenure of the
loan, mode of repayment, general terms and conditions.
6. Submission of Legal Property Documents: Once the loan has been sanctioned all legal
documents pertaining to the property like the Letter of Allotment, NOC has to be
submitted to the bank for verification. Bank will validate the property documents
submitted for the purpose of authentication.

4. 7. Site Verification: Representatives from the bank personally visit the property to make sure
that the property meets all legal guidelines laid down by the bank.
8. Document Registration: After the bank has personally validated the property, clearing the
drafted documents from the lawyer is essential. Only after the clearance will the
registration and stamping procedures be completed.
9. Agreement Signing and Cheque Issuance: With documents thoroughly verified and
registered, a final agreement will be signed between the bank and the applicant. Then post-
dated cheques will be issued to the bank by the applicant in repayment of the bank loan.
10.Loan Amount Disbursal: Only upon the completion of the above procedures will the actual
loan amount be dispatched to the applicant. Moreover the bank makes sure that there is
'Zero Risk' in financing the applicant. Loan amounts will be disbursed in instalments in case
of under construction properties and in full for ready-to-move-in properties.

5. Budgeted flats helps you in applying loan for new house taking into consideration all
above discussed points.
For more information contact:
Budgeted Flats
Address :- Office 102 D & E, 2nd Floor, A- 3 Building, E-Space IT Park, Samrat Ashok Rd, Aga
Nagar, Vadgoan Sheri, Pune, Maharashtra-411014
Mobile No. :- .+91 77559 33370 /7755955522
Email :- sales@budgetedflats.com
Website :- www.budgetedflats.com

6. Thank you…