Home loan is a long term commitment. It is wise to exercise prudence and take extra care while going through the process

Safety Tips when taking a Home Loan

• Ask the bank executive you are dealing with for proof of his/her identity
• Keep all document with attested photocopies ready
• Make sure you sign every photocopied page before you attach it to your application
• Check the Most Important Information note before signing loan document
• Check all the filled-in- details with care before finally handing over your application to the bank executive
• Avoid giving original documents to the executive
• If you issue any cheque for charges or fees, remember to issue them in favour of your bank,and not any individual
• After submission of the documents if you decide not to avail the loan, inform the bank immediately
• If you do not receive a reply regarding acceptance or rejection of you loan-application within the time specified, contact the bank through their Customer Care or Branch
• Ensure that tittle of the property is clear
• Avoid giving original KYC documents to the executive.
• Do not ever handover original / copy of property documents to unknown person.