2) Technical Techniques An actual physical examination of the home is conducted to learn the brand new market really worth & the age of the property so as to figure out the lending company will not over provide of one’s cost of the home. The property technology is actually once more a system out of step 3-5 working days, and that’s always accomplished by brand new rented exterior providers of the the lending company Financial/NBFC. The newest Xerox of the house documentation we.e., the latest contract copy, directory dos, OC, property tax, CC & plan content are given to these businesses to produce the fresh technical.

Ahead of the cheque print the fresh new procedure cluster once again re-checks when it comes down to queries such as for instance cheque approval of the financing fees, OTC approval etcetera

Many times new technology is initiated on 1st stage out of the fresh file sign on procedure. This will help to reduce the brand new recovery time of the financing processes.

3) Court Procedure Such as for instance is the method which is to get initiated merely once the mortgage are approved. The court of the borrower’s possessions papers try mandatorily accomplished so you’re able to figure out new property’s clear identity. Continue reading →