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LOAN DISBURSEMENT

  • Disbursement will be made after the property has been technically appraised and all legal documentation has been completed.

  • For purchase of house/ flat from an individual on resale, the loan amount will be paid in lump-sum to the seller at the time of transfer after confirming that the customer has paid his own contribution.

  • For houses/ flats under construction, the loan amount will be disbursed in stages based on the progress of construction.

  • A customer has to invest his proportionate share of the cost, prior to disbursement of loan. The loan can be disbursed either in lump sum or instalments according to the requirement of the development authority/ society/ private builder.

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