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Home / Finance / Home Loan / What is Pre Sanction Home Loan?
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What is Pre Sanction Home Loan?

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Summary
A pre-sanction home loan stage is the period before a bank formally approves your loan. During this stage, you submit an application with KYC, income and property documents, and pay a processing fee. The bank then checks your credit score, income, and repayment capacity, and verifies the property legally and technically. If everything is satisfactory, it issues a sanction letter stating the approved amount, interest rate, and tenure. Until then, no money is released.
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