FREE GUIDE
The one step many home buyers do in the wrong order
How to buy your family’s home without a last-minute money shock, even if you have already found the flat you love.
Many buyers sign the property agreement first and apply for the loan later. That’s when the surprises start.
I started my career in home loans in 2002, at HBL Global, sourcing home loans for HDFC Ltd. Then came Axis Bank, Barclays, Standard Chartered and Aditya Birla Capital. Since 2017, at Aadhya Financial Consultancy, I’ve helped families and business owners get the right loan from the right lender.
“Best home loan and mortgage loan consultant in Mumbai.”Dinesh Thotam, Google review
“Aadhya goes that extra mile to ensure that not only the deal is done…”Abhijit Bardhan, Google review
In the next pages
- The one step, and when to do it
- The 3 money surprises it prevents
- A full home loan checklist
Step 5: get home loan sanction, before you sign
Why each one matters: the 3 money surprises they save you from
Home loan sanctioned
The sanction tells you how much the bank will lend on your income, and on what terms. Without it, you’re signing on a guess.
Property valued by the bank
The final loan also depends on the bank’s valuation. If it comes in below your purchase price, the loan is smaller and the gap comes from your own money.
Property papers checked by the bank
The bank’s lawyer checks the title, approvals and society papers. If something is missing, the payment to the seller waits, even after you have signed.
The home loan checklist
Tick every box before you sign. If one is blank, wait or ask us.
1. Cost of the flat
2. Bank charges
3. Your cash flow
4. Sanction letter terms
5. Property checks
6. Payment timeline
Next: picture your home and plan the money, right here on your phone ↓
Picture it first
Every home starts as a dream. Write yours down; it makes every next step easier.
Next: where the money will come from, and where it will go →
Where the money goes, and where it comes from
List every cost before you sign. Leave blank what doesn’t apply. We fill in stamp duty, registration and GST for you; change them if your figures differ.
1. Uses of funds: buying the home
2. Uses of funds: setting up home
3. Uses of funds: cost of the loan
4. Sources of funds
Banks usually fund only the property price, within the RBI limit (90% up to Rs 30 lakh, 80% up to Rs 75 lakh, 75% above). Stamp duty, registration, interiors, white goods and loan charges usually come from your own money; interiors can sometimes be funded later through a top-up loan. Mumbai stamp duty is usually 6% (women buyers may get a 1% concession); registration is 1%, up to Rs 30,000; GST of 5% applies to under-construction flats. Figures are estimates; confirm with your lender.
Will the monthly budget work?
Money coming in, versus money going out, including your new EMI.
Money coming in (every month)
Your new home loan
Money going out (every month)
A simple rule many lenders use: all your EMIs together should stay within about half of your take-home income. Keep at least 6 months of expenses aside as an emergency fund. Figures are estimates for planning only; final terms are decided by the lender.
Two ways to get it right
Do it yourself
- Use this map and the checklist
- Visit lenders and compare offers
- Track the bank’s checks and your payment dates
- Get the valuation and legal check done before you sign
- Ask each bank for its full list of charges
Let our home loan experts handle it
- We check your eligibility across 50 banks and NBFCs
- We shortlist the 2–3 that suit you
- Sanction and property valuation before you sign
- Payments tracked until you get the keys
We also help with everything around your home loan
- Property papers: guidance on what the bank checks, builder or resale
- Payment dates: matching the builder’s or seller’s dates to the bank
- Interiors: planning funds through a top-up loan
- After you move in: yearly rate review and a plan to repay sooner
Free 20-minute Home Loan Check
In a short call, I’ll tell you your realistic loan amount, the 2–3 lenders that suit you, and the exact papers you need.
There’s no application, no credit enquiry and no fee.
WhatsApp +91 70395 35999Just send “MONEY MAP” with a time that suits you.
Papers to keep ready for the call
Salaried: PAN and Aadhaar, last 3 salary slips, Form 16 (2 years), 6 months’ bank statement.
Business owners: PAN and Aadhaar, ITR with computation (3 years), CA-certified financials (2–3 years), 12 months’ bank statement and GST returns.
Aadhya Financial Consultancy is a loan consultant working with banks and NBFCs; it is not a lender. Final rate, amount and terms are decided by the lender. Stamp duty, GST and lending rules change; check current figures before you decide. General information, not legal or tax advice. Photos are illustrative.