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PABT Sanction and Disbursement

Disbursement Process

Now that your Home Loan Balance Transfer offer is sanctioned by ICICI Bank, it's time to apply for disbursement of your loan and to start saving on your EMI outflow.

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    Sanction

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    Property Verification

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    Document Submission

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    Disbursement

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Get Disbursement Assistance

Property/Disbursement Document Checklist:

  • Original List of Documents
  • Original Foreclosure Letter of the existing bank
  • BT Kit with franking and notary
  • Facility agreement
  • Sales agreement
  • No Objection certificate from the builder
  • Letter from the builder with construction progress status
  • Original Own Contribution receipt & bank clearance
  • Registered Sale Deed
  • Completion/Occupancy certificate
  • Demand Letter from the builder
  • Original list of documents
  • Original Foreclosure Letter of the existing bank
  • BT Kit with franking and notary
  • Facility agreement
  • Prior Sales Deed/Stamped and Registered Allotment Letter in case of ‘Direct from DA Cases’
  • Original registered agreement of the sale and Sales Deed
  • No Objection certificate from the builder/society etc., as applicable
  • Copy of the Society Registration certificate
  • Original Own Contribution receipt & bank clearance
  • Copy of Sales Deed/Lease Deed/Development agreement
  • Copy of approved lay out plans
  • Copy of 7/12, 6 D, 8 A extract, as applicable
  • Title Search report
  • Completion/Occupancy Certificate
  • Original list of documents
  • Original Foreclosure Letter of the existing bank
  • BT Kit with franking and notary
  • Facility agreement
  • Original registered Sales Deed/Lease Deed/Partition Deed/Gift Deed
  • Original receipts of the payment made for the plot, if available
  • Original prior Sales Deed
  • 7/12 Extract/Property Card
  • Non-Agricultural permission
  • Title Search report
  • Approved building plans
  • Tax receipt

Frequently Asked Questions (FAQs)

Where do I submit the Property documents and whom do I contact for the same?


Submit the copies of the property documents to your Relationship Manager, as mentioned in the Sanction Letter or the executive assisting you while availing the loan.

Will I have to pay any other disbursement charges?


The charges payable at the time of disbursal are:

  1. Admin fee:

Loans up to Rs 25 lakh Lower of 0.25% of loan amount or Rs 2,500
Loans > Rs 25 lakh Rs 5,000

* GST will be applicable on the amount mentioned above.

NOTE: Please refer your Sanction Letter for the applicable Admin fee.

B) Statutory franking/Stamp duty as per State laws

As per the applicable state norms, statutory/stamp duty may be payable to the Government on the loan agreement and various other transactional documents being executed between you and the Bank.

What is the TAT for Disbursement?


The loan disbursal process takes approximately 7-10 working days, post submission of all the documents, including the Loan agreement.

I have submitted the disbursal request; how can I check the status of my disbursal request?


The assigned Sales Representative/Relationship Manager will provide you with the update. You can also view the status by clicking on Track My Loan.

What is the validity of the Sanction Letter?


The Sanction Letter is valid for up to 6 months from the date of issuance. Please refer to the Sanction Letter for the applicable validity.

Can I get disbursement if the Sanction Letter has expired?


Yes, you can take assistance of your Relationship Manager to submit the required documents for a re-sanction of the loan.

Apart from the property documents, what are the other documents that I need to submit for loan disbursal?


You need to provide the following documents for loan disbursal: Property documents and Facility agreement

What are the additional documents I need to submit for BT?


You need to provide a list of documents such as, Foreclosure Letter and BT Kit with franking and notary.

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