How do I apply for a Home Loan?

First approach a bank of your choice with the latest income details or salary slips of past two year. The bank officer will advice you on how much loan you are eligible of, the flats or areas the bank give loans for and the terms and conditions.Fill in the loan application form and submit the related documents needed. Visit more than one banks to get best deals. After submitting the documents, they will then interview you on the same. After conducting an appraisal of your application, the bank will give an in-principle sanction of your loan. You now have to submit your property documents, which should show a clear title. The bank will check these and levy an administrative fee (around 1%). It will then disburse the loan, either fully or in installments, directly to the builder/ seller of the flat.