Services >> Home Loans >> Disbursement
 

Disbursement

Your loan will be disbursed after you identify and select the property or home that you are purchasing and on your submission of the requisite legal documents.

While you may be under the impression that the list of documents asked for is rather extensive, please note that it is for your own good. Each and every single document asked for will be verified and checked to ensure your safety.

This may take some time but we want to ensure a clear title and will complete all the legal and technical verifications to ensure that you have full rights to your home.

The 230 A Clearance of the seller and / or 37I clearance from the appropriate income tax authorities (if applicable) is also needed.

On satisfactory completion of the above, on registration of the conveyance deed and on the investment of your own contribution, the loan amount (as warranted by the stage of construction) will be disbursed by ICICI Bank.

The disbursement will be in favour of the builder/seller.

List of documents for disbursement

Standard documents:

Loan Agreements
Disbursement Requests
Post-dated cheques
Personal guarantor's documents, as the case may be

Some documents are specific to each state. For further information, please contact the nearest office.

 

 
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