5 October 2026
A bank loan can make a flat purchase manageable, but the process is smoother when you arrive prepared. Terms, rates and eligibility change by bank and over time, so treat this as a preparation checklist and confirm every figure and condition directly with your lender.
What the bank checks about you
Banks usually ask for proof of identity and address, proof of income, recent bank statements, tax identification and tax return records where applicable, and your existing loans or liabilities. Salaried applicants and business owners are asked for different supporting papers.
What the bank checks about the property
The lender wants to be sure the property can legally secure the loan. Expect requests for the deed chain, mutation and khatian, the approved building plan, land tax receipts and the sale agreement with the developer. A clean, complete document file speeds up valuation and legal vetting.
Ask about the down payment and the schedule
Loans typically cover only part of the price, so you arrange the remainder yourself. Ask how the bank releases money against construction or handover stages and how that lines up with the developer's payment schedule.
Compare more than the headline rate
Ask about processing fees, valuation and legal fees, early repayment terms, insurance requirements and how the rate can change over the loan term. Request the figures in writing so you can compare two lenders fairly.
Where we help
We prepare the property document set that banks ask for and can sit with your loan officer if questions come up. Our buyer FAQ and briefing sessions explain the process for first-time borrowers.
