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Get in touch with as many lenders as possible and study their loan offers before choosing the best of them.

The chosen lender's selling agent will pay a visit to your home address to collect documents substantiating your identity proof, resident proof and proof of income. Other credentials like copies of IT returns, salary slips, bank statements, ration card, passport and driving license will be asked to produce.

Once the documents submitted, the bank double checks them to confirm that the facts provided in the documents stand undisputed.

Once the lender is content with authenticity of your documents, the requested loan is approved and is subsequently disbursed through cheques or demand drafts.