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Home Loan Disbursement

Welcome to the last leg of your journey of owning a dream home. Now that you have your sanction
letter in your possession, take the final steps to get your loan disbursed. Hurry!

Sanction
Property Identification
Document Submission
Disbursement

Call 9699099411 for details.

Finalised your property?

Congratulations on finalising your dream home! Wrap up the formalities to inch closer to accomplishing your goal.

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Get Disbursement Assistance

Property / Disbursement Document Checklist

Sale 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

Prior Sale Deeds/Stamped and Registered Allotment letter in case of ‘Direct from DA Cases’
Original Registered agreement to the sale and Sale deed
No Objection Certificate from the builder/society etc., as applicable
Copy of Society registration certificate
Original Own Contribution receipt & bank clearance

Copy of Sales deed/Lease deed/Development agreement
Copy of 7/12, 6 D, 8 A extract, as applicable
Title search report
Completion/Occupancy certificate
Copy of approved lay out plans

Original Registered Sale Deed/Lease Deed/Partition Deed/Gift Deed
Original receipts for the pament made for the plot, if available
7/12 extract/Property card
Original Prior Sales deed

Non Agricultural permission
Title search report
Approved building plans
Tax receipt

Disbursal FAQs

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

. The copies of the property documents have to be submitted to your Relationship Manager, as mentioned in the Sanction Letter or the executive assisting you for availing the loan.

Will there be any other Disbursement charges that I need to pay?

Following are the charges that are payable at the time of disbursal:

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 would take approximately 7-10 working days, post the submission of complete documents including the loan agreements.

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

The assigned Sales Representative/Relationship Manager can provide the update. You can also view the status by clicking on Track my loan

How do I initiate the Property Verification once I have finalised the property?

For initiating the property verification broadly following categories of documents are required:

Purchase of builder property (Approved by ICICI Bank)	Resale Property	Self-construction
Sale agreement	Prior Sale Deeds/Stamped and Registered Allotment letter in case of ‘Direct from DA Cases’	Original Registered Sale Deed/Lease Deed/Partition Deed/Gift Deed
No Objection Certificate from the builder	Original Registered agreement to the sale and Sale deed	Original receipts for the payment made for the plot, if available
Letter from the builder with construction progress status	No Objection Certificate from the builder/society etc., as applicable	Original Prior Sales deed
Original Own Contribution receipt & bank clearance	Copy of Society registration certificate	7/12 extract/Property card
Registered Sale Deed	Original Own Contribution receipt & bank clearance	Non Agricultural permission
Completion/Occupancy Certificate	Copy of Sales deed/Lease deed/Development agreement	Title search report
Demand letter from the builder	Copy of approved lay out plans	Approved building plans
	Copy of 7/12, 6 D, 8 A extract, as applicable	Tax receipt
	Title search report
	Completion/Occupancy certificate

Please note these are indicative documents. Additional documents may be required as per the property location and your transaction type.

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 avail of the disbursement, if the Sanction Letter has expired?

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

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

You need to provide/execute the following documents for the loan disbursal apart from the property documents

Facility agreement etc.

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