Schematic of the Home Loan Disbursement Process

A home loan is often the largest single debt that an individual services in their lifetime and many complain that the time taken from the point of application to disbursement is too long. However, what many home loan applicants do not realize is that there are several steps such as valuation, legal check, etc. from the point the application is submitted with the bank or NBFC to the time the home loan is disbursed. In the following infographic, we have provided a step-by-step guide regarding the various steps that follow after you have submitted your home loan application with the financial institution. Knowing these in detail is sure to help you plan your home loan application such that the disbursement is completed without a hitch and in time.

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