Loan Application Process

Step 1

Pre-Approval

Get a lender's assessment of your borrowing capacity before starting your house hunt.

Step 2

Application Submission

Gather and submit necessary documents like income proof, bank statements, and the contract of sale for review

Step 3

Property Valuation

Lenders assess the property's market value to ensure it aligns with the loan amount requested.

Step 4

Conditional Approval

The lender approves your loan, pending additional requirements like further documentation or valuation confirmation.

Step 5

Unconditional Approval

Final loan approval after meeting all conditions, including property valuation and document verification.

Step 6

Settlement

The final step where ownership transfers from seller to buyer, and the loan is finalized.