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Normal approval process

At AUHFL, our focus is to assist you in the process of acquiring your dream home. Once you select your home, we strive to process the finances as fast as possible.

All you need to do is:

  • Fill in our application form
  • Collate the necessary documents required to process the home loan
  • Submit the documents
  • Submit a cheque favoring ”…………………….” towards processing fees.

If you have any queries regarding the same or need help in filling the form, our home loan advisors are happy to help you. Your dream home not far way, we at AUHFL are working to get your loan application processed as fast as possible.

Steps in Home Approval

Assessment

In the initial stage we determine whether you can afford the loan or not. Our highly efficient credit team will look into the case and conduct an income verification process to validate the accuracy of the statements submitted.

The credit history plays an important role in the home loan application, so it is highly recommended to clarify the issues relating to credit before lodging loan application. A credit check will be then carried out to check the credit history; in this case, we will obtain the credit report wherein following details are provided

  • Personal Details Name, Date of Birth, Residential Address, PAN Card
  • Records of Credit Overdue accounts listed against your name, including whether the default amount has been repaid or not.

Home Loan Sanction

Once your credit history is verified, we will instantly sanction your loan. All you need to do is to sign a letter of offer cum acceptance and return it to us. It is highly recommended that you read the documents carefully before signing. This ensures that the information is correct and you understand all the terms and conditions.

Security Assessment

A technical officer will evaluate the property that you would like to buy. The assessment is done by a lawyer and a technical officer.

Based on that, we will determine whether the property is suited for mortgage lending process.

Home Loan Disbursement

Once you have accepted our offer a scrutiny will be conducted by our operation team to ensure the veracity of the information submitted. Once the check is conducted, you need to send across the final cheque in favor of… “………..”

On receiving the funds, you can start paying your home loan that is one month after the date of disbursement.