The home finance institution reviews the completed application form and reverts in 4 – 6 days.
However, some banks insist on meeting you after receiving the application form, and before the loan sanction. This is to gather more details about you that may not be mentioned in the application form and to reassure them of your repayment capacity.
Again, this stage is insisted upon only in very few cases these days.
- While going for the personal discussion, carry all the original documents pertaining to the information provided on the application form for the personal discussion.
- Avoid submitting any fake documents and do not lie about the financial details requested; banks process home loans only after they are convinced about your credentials.