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Mortgage Loans - Loan Process
 
 
   
 
  The loan process of Cottage Loan involves the following:

Call our call center at +7 (495) 981 - 1717 or visit our branch
  

Our bank representative will provide you with all necessary information and will help you in filling in the application form
 
Submission of documents as required by the Bank for sanction  
The Bank will inform the credit decision within 3 working days. Sanction letter is given to the borrower
 
Identifying the property and submitting the documents on cottage and land to the Bank and insurance company.
  
On reception of the positive report from the Insurance company, the evaluation report should be taken from the evaluation company
  
Mandatory insurance agreements are signed between borrower and insurance company
  
Opening an account and Loan Agreement signing  
Disbursement of the loan amount to the borrowers current account in the bank  
Signing of Safe box agreement  
Deposition of funds in the Safe box  
Conclusion of Sale & Purchase Agreement through the Notary agency.
 
Registration of Sale & Purchase Agreement and Encumbrance Certificate  
Withdrawal of the loan amount by the seller on completion of the conditions mentioned in the Safe box agreement
 
Submission of Copies of Certificate of Ownership and Transfer Act  
 
     
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