From Application to Approval: HomeFirst Home Loan Process Explained

Pushpanjali • March 12, 2025

Buying a home of their own is everyone’s dream and one of the biggest financial decision many people make for them and their families. In this journey of buying your own home, home loan is a helpful option. We, at HomeFirst, are committed to providing you with a hassle-free home loan process when you are all set to get your dream home project started.

How do I start the Home Loan Process?

Well, the home loan process starts with applying for a home loan. You can apply for a home loan with HomeFirst completely online, meaning skipping the need for in-person branch visits.

Online Home Loan Application Form- You can click on the link here and fill out the application.
Call us- You can call us between 9 AM-6 PM on all working days, Monday-Saturday on our numbers- +918880649911 and 1800 547 7130.

What are the details required in the Online Application Form?

Before you start, ensure that you have a working phone number to receive the OTP.

After you open the link, you can fill in the details and click Submit. You will then be directed to fill other details like your personal details, income details, property details and more. You can also attach the documents in this online application form.

What are the documents required in home loan process?

The documents which are required during your home loan process are-

KYC documents
ITR
Property documents
6 months bank statement

Once these documents are uploaded to our system, it is sent for verification.

What is the step-by-step process for home loan?

The step-by-step process for home loan are given below-

Fill in the loan application form and attach the documents that are required.
After the loan application form is filled, you are required to pay a login fee (Processing fee). Once the other details are checked, the property verification is started wherein you have to pay a fees called Project Appraisal charges.
For verification, our representative may visit your property and workplace. A credit inquiry is carried out to check your credit worthiness.
Once these are done, the HomeFirst team checks the documents and you will get a callback within 48 hours.
If the loan is approved, you will receive a sanction letter having details such as loan amount, interest rate and the terms and conditions of the loan.
After the sanction, comes loan disbursal, wherein the loan amount, either in full or partial, depending on loan type and other details is disbursed.
Your home loan process is now done!

What are the other factors that can affect my loan approval?

Some other factors beyond these which can affect your loan approval are-

Age of the Property- If the property is too old, the lender might not go ahead with the home loan approval process.

Stability of Income- Your stability of income may also be one of the factor affecting your loan application. Things like often changing jobs, season business may affect your chances of getting your loan approved.

Also read: