Home Loan Sanction Letter-Banner_WC



A Home Loan sanction letter is issued to you as a token of acknowledgement stating that your Home Loan application is approved. This letter is dispatched by the lender only after they approve the borrower’s eligibility to receive a loan. The sanction letter in Home Loan primarily informs the lender about the loan amount they can get as opposed to the one they want. The document holds the details of your Home Loan such as:

  • The approved loan amount
  • The Home Loan interest rate
  • The type of Home Loan interest rate – fixed or floating
  • The repayment tenor
  • The EMI amount and details
  • Special provisions, such as offers and schemes
  • Validity of the sanction letter
  • Other lender specific terms and conditions

Once you receive your Home Loan sanction letter, agree to the specified terms, and sign the contract, your housing loan is then disbursed into your account, following end-leg formalities

Your Home Loan sanction letter acts as proof of your Home Loan eligibility and is submitted to property developers as proof of funding. It is also helpful if a legal dispute arises between you and the lender, as the terms detailed in the sanction letter are mutually agreed and legally binding.

The Home Loan sanction letter comes at a later stage of the Home Loan application journey. Here are the steps borrowers should follow, to get their Home Loan sanction letters:

  1. Make your Home Loan application either online or offline and complete the process successfully. Keep your documents handy to satisfy the lender’s documentation requirements.

  2. Comply with all the necessary steps of your Home Loan processing. This stage involves verifying your Home Loan application and the relevant documents.

  3. At the time of the final Home Loan approval, you will receive your Home Loan sanction letter.

Following are the documents required for a Home Loan sanction letter:

  • KYC Documents
  • Proof of Residence
  • Income Proof
  • Financial Records as requested
  • Property Related Documents

*Terms and conditions apply


Frequently Asked Questions

Borrowers looking to download a sanction letter instantly can apply through the Bajaj Housing Finance Online Home​ Loan form. The form requests minimal details and takes only ten minutes to complete. Eligible applicants can view a tentative offer at the last step and, if interested, they can opt for a Digital Sanction Letter by paying a nominal fee.

The Digital Sanction Letter includes tentative terms on your Home Loan, such as:

  • Home Loan Amount
  • Repayment Tenor
  • Home Loan Interest Rate

The letter serves as proof of tentative Home Loan approval and can be used to negotiate a better home buying deal with a seller or a developer. Note that the letter is valid for up to 180 days.


Home Loan Sanction Letter_PAC

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