At Aadhar Housing finance, our primary goal is to make it easy and simple for a customer to acquire a home loan. Our home loan application form is simple yet comprehensive. All you have to do is fill the application form, collate the essential documents required to process your home loan and submit it to us along with a cheque favouring "Aadhar Housing Finance Private Ltd" for the initial processing fees. If you have any questions at this stage or need help with this, our home loan advisors are at hand to assist you with your application.
Here is a quick, step-by step guide to the process we follow in our endeavour to disburse your housing loan at the earliest.
At this stage, we want to determine that you can afford the loan repayments. Our credit team will conduct income verification and validate the accuracy of the information you have provided.
A credit check will then be carried out to reveal your credit history; in this case we as a lender will obtain a credit report that will show the following details :
As your credit history plays an important part in the home loan application process, it is always advisable to clarify and resolve any credit related issues before lodging your loan application.
If there are no major issues with your income verification and credit checks, we at Aadhar Housing will provide a conditional sanction for your loan. This means that we will issue a formal Letter of Offer cum acceptance favouring all the applicants to the loan. We recommend all applicants read this document carefully, sign and return it to us, making sure the information is correct and that everyone understands all the terms and conditions.
Your Aadhar Housing Finance Home Loan executive will be there to guide you through this step and assist you in compiling documents, should we require any further information.
Once you have formally accepted our loan offer, a thorough scrutiny of all of the above steps is conducted by us to ensure accuracy of the entire process. Once the final check is completed, you need to submit the final processing fee cheque (all other charges as mentioned in the tariff schedule) to your Aadhar housing executive favouring "Aadhar Housing Finance ltd".
Upon receiving the funds you will start paying your first home loan repayment usually from the next month after the disbursement date.
And with these four simple steps, you and your family become a proud owner of your own Home.
If you have more questions, Please mail us your questions to firstname.lastname@example.org