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Home Loan Disbursement

How does it work?


 

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Sanction

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Property Identification

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Document Submission

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Disbursement

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
  • 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
  • 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

 

Click here to view documents to be submitted for loan disbursement

 

Disbursal FAQs

. 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.

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

  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.

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

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

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.

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.

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

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

Facility agreement etc.