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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.

Sanction
Property Verification
Document Submission
Disbursement

Give a missed call on 8108333340 for details.

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:

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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