Phase
I - The Sanction Process
- Normally it would
take 4-7 working days for the sanction process from
the date of receipt of all documents at ICICI Bank.
- Documents are credit
appraised and decision taken on the sanction of the
loan
- Our offer letter along
with a list of legal documents required is delivered
to you
Phase
II - The Disbursement Process
- Normally it would take 4-7
working days for the disbursement process from the
date of receipt of all documents at ICICI Bank.
- When you need a disbursement
you call us.
- Our representative visits your POA holder in India
and collects Legal Documents, Loan Agreement and PDC’s
- An ICICI Bank lawyer vets legal documents
- An ICICI Bank Site
Engineer visits the property to verify stage of construction.
- Disbursement cheque
is prepared
- The Disbursement
cheque is delivered to your POA in India.
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