Booked My Flat… Now I’m Drowning in Paperwork 😵‍💫 Anyone else feeling lost with this whole loan process?

Buying Your First Home
1

Hey everyone,

Just booked a 3BHK in Bangalore (finally :sweat_smile:) and now the real chaos has begun. Between collecting KYC, builder documents, figuring out stamp duty, and getting 3 different bank offers… it’s starting to feel like a second job.

Couple of things I’m stuck on right now:

  • How do I compare different loan offers beyond just the interest rate?
  • One bank is asking for 12 months’ bank statements, another wants income tax returns is this normal?
  • What’s the actual timeline from loan sanction to disbursement?
  • Do I need to register the flat first before disbursal?

If anyone has gone through this recently, would love some help :folded_hands:

2

We at Butter Money understand your pain Harish.

  1. There are multiple parameters such as loan sanction amount, OD vs Regular, lender reputation, tenure, daily reducing balance, etc.
  2. So banks will ask for multiple documents to establish income eligibility. Each of them does it differently.
  3. It takes anywhere from 7 to 30 days (with Butter Money we do it faster)
  4. No, but you should identify the property before going through the loan - its always a better practice.
1 Like
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Thank you Suhail for your prompt response.
Also can interior work be funded as part of the home loan itself — or does it always need to be a separate top-up or personal loan?