How does it work?
Sorha Aana Developer Pvt. Ltd. provides end-to-end solutions for property sales, rentals, home loans, legal services, and more.
Pre-Qualification
Assess your financial eligibility and get an estimate of how much you can borrow.
Loan Application
Submit the formal loan application with required financial and property documents.
Loan Disbursement
After approval, sign the loan agreement, and the loan is disbursed to the property seller or builder.
Home Loan Procedure
1. Pre-Qualification
Start by assessing your eligibility for a home loan:
- Provide basic financial information like income and existing debts.
- Get an estimate of how much you can borrow based on your profile.
2. Loan Application
Submit a formal loan application with the required documents:
- Income proof, identity verification, and property details.
- Fill in the lender's application form and provide necessary documentation.
3. Loan Approval
The lender reviews your application and makes a decision:
- Based on creditworthiness, financial profile, and property value.
- The lender may ask for additional documents before finalizing.
4. Property Valuation
A property valuation is conducted to determine its worth:
- The lender arranges for the property's value assessment.
- This helps in determining the loan-to-value ratio.
5. Loan Disbursement
After approval, the loan is disbursed to the property seller:
- You and the lender sign the loan agreement.
- The lender transfers the approved loan amount to the seller or builder.
6. EMI Repayment
Repay the loan through monthly installments:
- Follow a pre-determined repayment schedule for the loan tenure.
- Ensure timely payments to avoid penalties or defaults.
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