How long does it take to get a home loan sanctioned?

After all documentation formalities are completed, the home loan sanctioning process typically takes 7 to 30 days to approve. However, the exact timeline depends on several factors, such as the lending institution, loan amount, employment, and credit profile.

The process involves verifying KYC documents, income proof, CIBIL score checks, and property evaluations. Before approving the loan, lending officers assess repayment capacity based on factors such as job stability, assets, liabilities, etc.

Streamlining paperwork from your end and having a good credit score greatly reduces processing delays for quick home loan sanction. Maintain regular communication and follow-ups with your lending officer.