Step 1	A person applies for a home loan.
Step 2	The application is forwarded to the bank & executive meets the applicant and briefs him the entire loan process, requirements and the various options available.
Step 3	The applicant chooses a Housing Finance Company (HFC) and hands over the income documents to the executive.
Step 4	The income documents are handed over to the HFC for eligibility and approval.
Step 5	The HFC verifies the documents and checks the repaying capacity, saving habits, tenure of service, etc. of the applicant and approves the loan amount.
Step 6	After approval, an offer letter is given to the applicant by the HFC, along with a list of original property title documents that have to be handed over to the HFC.
Step 7	The applicant gives the original property title documents to the HFC.
Step 8	The HFC scrutinises the legal and technical aspects of the original title documents.
Step 9	If the HFC is satisfied as to the legal & technical aspects of the documents then the applicant is called to sign the loan agreement.
Step 10	The loan disbursement schedule is decided by the HFC according to the stage of construction (if property under construction)or a one time payment is made if property is ready for possession
Step 11	The applicant gets possession of the property depending upon the level of completion of the property.
Step 12	The applicant starts paying the EMIs.