How to check APF number online?

Approved project financial or APF number is issued by the bank or financial institution to the authorized real estate housing project developer.

Under the process to get the property APF number. The bank or finance institute verifies the legal documents of the property. That the housing company has taken permission from the environment department, electricity board, Rera. Also, a project should be approved by the city development authorities and other government-related permissions after this process then the APF number/code is generated for the developer.

           Importance of APF number for a buyer

• It is an important factor to check the APF number before buying a house. APF Number is a statement that the property is constructed under legal guidelines.

• In case the developer does not provide APF code, then there must be a possibility that the project lacks some legal approval. In such a case, if a buyer purchases an unauthorized property, later he/she may face legal consequences like losing the property, the government may take over the project, in such scenarios, you will never get your money back nor the possession. So it is mandatory to check APF before buying any property.

How to check APF number online.

APF number can be checked by visiting the builder's website and selecting the project of which you want to check the APF number.

APF is one of the deciding factors for those who want to buy a house. If you take a housing loan and want to ensure whether you’re making the right choice, then you must check out the APF code for that particular project. The APF full form in banking is “Approved Project Financial”. Now that you know what is APF in banking, let’s read about its importance.

• A developer is required to have a valid APF code or number for every project. Housing finance companies (HFCs) or banks provide this APF number to ensure that the project has obtained every required approval and that property buyers can confidently invest in the project.

• Usually, developers have tie-ups with HFCs or banks that provide housing loans to the clients. The APF code makes it easier for people to avail of housing loans and saves them from time-consuming documentation.

• You should always ask your developer about the APF code or number of your project as it is an easy way to check whether the property/project is registered, and approved by HFC or bank.

Several banks consider developers who’ve been in the real estate business for a long and have a history of finishing projects timely, for at least two to three projects. The construction quality is also a significant factor. Similarly, banks don’t consider builders who’ve been on the RBI’s negative list. The project size that is under construction is required to be specified in sq. ft. The agreement is signed between the HFC or the bank and the developer. HFCs or Banks insist on a clause that specifies the actions to be followed after the construction period expires.

In case any project doesn’t have an APF code, then it means that the project isn’t approved by an HFC or bank. The reason can be not having the required technical/legal approval or licenses. As a housing loan buyer, you should not buy a unit in that project.

You can visit the official website of your builder and do a quick APF number search to check the APF number of your preferred project. Alternatively, you can ask the developer about the same in person.

I hope now you know the APF full form and how to check it online.

When you apply for a housing loan, you ensure that you have all the required documents, your credit score is good, and have enough funds for 'margin'. You also ensure that the project is approved by the bank. You should also know the APF number of the project. What is it? Let’s find out:

Developers have to submit every relevant document, such as Approved Plans, Sale Deeds, Title Deeds, NOCs (No Objection Certificates), Government clearances, and Leasehold/Freehold documents to prove that the project has all the required permits and licenses.

They also have to submit proofs of clearances from authorities such as electricity board, fire, pollution, and forest.

The bank verifies these documents along with analysing the builder’s KYC. After that, Housing Finance Corporations and Banks study the technical and legal viability of the project in detail and then assign an APF number.

This is how to get the APF approval.

As Sanjana and Charu mentioned, you can find the APF number on the project page of the official website of the developer. You can even ask your developer about the APF number directly. For instance, if you want to know whether the project is approved by HDFC bank, you can call your developer or check his website to know the details regarding the APF number HDFC.

Now you know everything about the APF in home loan.

Read more:

I hope now you know the APF meaning as well as its importance.

When a borrower applies for a home loan, banks and other lending organisations typically go through a due diligence process. It is to check the qualifications and permits of the proposed residential development. The project is given an APF ( Approved Project Financial) number after a good response. So keep reading to know what APF means.

What is the APF process?

In order to speed up the loan issue procedure, banks continue their partnerships with property developers. It is the customer's responsibility to gather documents for the site's proper research if the developer's project does not already have an APF number. It is given by the finance company from which they are borrowing money. Hence, buildings with an APF number can get loans much more easily.

What are APF property number eligibility requirements?

• You must be a contractor with at least five years of experience. All of your previous projects should have received legal approval.

• You must have expertise in the construction, engineering, or real estate industries.

• In the event that you don’t have the expertise, you must at the very least belong to the housing department of any Indian state.

• You should hold certificates on a least three of your current and previous projects.

• You can only get an APF number for your work once you've completed the above procedures.

You are now aware of what APF means.

Last year, I took out a home loan to purchase my dream house. As my sister-in-law is in the bank, she told me to check for the Approved Project Financial (APF) number. I was completely unaware of it and started searching for how to find APF number of project. I came across this page and got the complete details regarding the APF number. If you are planning to buy a home, you must get confirmation beforehand that the investment property has a valid APF number. Scroll down to get the complete details.

How to check APF number online HDFC?

Before checking the APF number, you must check the eligibility requirements mentioned above by Bajwa Manjeet. Moreover, as Charu, Sanjana, and Parvinder stated, you can check the APF number by visiting the project's builder's official website. You can also get the number by directly communicating with the builder. Apart from this, you can also check out the below tips to find your APF number:

• Check the documentation of the project that you want to buy.

• Search for the latest financial report.

• You can also look through the mail related to APF number that the bank or agency might have sent you.

How to check APF number online ICICI Bank?

If you want to check APF number for the loan taken from ICICI Bank, you need to sign in to your account from the website -

. Then, go to 'my policies' and choose the plan for which you wish to find the APF number. You will then see the APF number.

If you have further questions on the matter, I would be happy to help you out. Just drop them in the comments section below.

I learnt about APF number from my sister who works as a bank employee. She told me that

APF full form in home loan is

Approved Project Financial and it is the number of the project that indicates the approval of the bank regarding the documentation, proposal, paperwork, loan sanctions, several clearances, and others.

APF meaning in banking

As you must know, most developers have tie-ups with NBFCs and leading banks to offer housing loan facilities to their customers. When an NBFC or bank approves a project for the housing loan facility, it offers the concerned developer an APF number. Buyers can quote this number and submit their documents when they apply for a housing loan. In this way, home buyers don’t have to collect the project’s legal documents from the developer.

Now you know the APF full form in real estate as well as its meaning.

How to check APF number online ICICI Bank?

If you want to check APF number for the loan taken from ICICI Bank, you need to sign in to your account from the website –

. Then, go to ‘my policies’ and choose the plan for which you wish to find the APF number. You will then see the APF number.

I learnt about APF number from my sister who works as a bank employee. She told me that

APF full form in home loan is

Approved Project Financial and it is the number of the project that indicates the approval of the bank regarding the documentation, proposal, paperwork, loan sanctions, several clearances, and others.

APF meaning in banking

As you must know, most developers have tie-ups with NBFCs and leading banks to offer housing loan facilities to their customers. When an NBFC or bank approves a project for the housing loan facility, it offers the concerned developer an APF number. Buyers can quote this number and submit their documents when they apply for a housing loan. In this way, home buyers don’t have to collect the project’s legal documents from the developer.

Now you know the APF full form in real estate as well as its meaning.

If you want to check APF number for the loan taken from ICICI Bank, you need to sign in to your account from the website –

. Then, go to ‘my policies’ and choose the plan for which you wish to find the APF number. You will then see the APF number.