https://www.desidime.com/discussions/housing-loan-query?page=1#post_10041069
You take loan
Bank pays to seller
Registration/name transfer happens
Bank takes the papers
You pay installments to bank
Once fully paid, you take papers back from bank
You take loan
Bank pays to seller
Registration/name transfer happens
Bank takes the papers
You pay installments to bank
Once fully paid, you take papers back from bank
I have not seen cases where bank pays the full amount.
Loan amount is generally max 80-90% of the value of the property you are purchasing, so you will need to manage around 10% of the property outside the loan.
after registration.. you have to submit original docs to bank.. and required to document of seller's id pr bank account.... than they credit money to seller.
You take loan
Bank pays to seller
Registration/name transfer happens
Bank takes the papers
You pay installments to bank
Once fully paid, you take papers back from bank