Please call our toll free customer helpline 1800 102 1003 if you have any queries or face any issue on our website. We regret any inconvenience caused.


Fullerton India Home Finance Co. Ltd. is now SMFG India Home Finance Co. Ltd.

Thank you!
Our representative will contact you shortly
Error occurred while submitting data. Please try again after some time.
Fill in the details below

We will call you back as soon as possible

How Much Time Does It Take For A Home Loan To Get Approved?


A home loan is the most popular way of financing a new home purchase in India, as it provides flexibility in repayments and tax benefits over the entire loan tenure. However, getting a home loan approved is a time-consuming process due to the intensive documentation and verification process.

Depending on the lender, the time taken for home loan approval may take up to 30 working days. If you meet all the eligibility criteria and provide all the necessary documents promptly, the home loan sanction time could be much faster.

The following are some tips that could help speed up the home loan approval timeline of most lenders:

  • Submit the filled-in home loan application form with all the documents. Ensure you meet most of the eligibility criteria before applying for the home loan.
  • Depending on the information provided in your application, the lender determines your in-principle eligibility.  If found eligible, the lender initiates the verification process.
  • A representative from the lender may visit the current residence address. The lender will also initiate the process of evaluating the property the applicant wishes to purchase and check the authenticity of the submitted documents.
  • If the property is as per the lender’s criteria, a mortgage on the property will be created to secure the loan.
  • If everything is in order, the lender will then offer terms to the applicant in the form of a loan agreement. If the borrower accepts the terms by signing the agreement, the loan is sanctioned.
  • Post this step, the home loan amount will be disbursed.

A home loan approval time is usually higher because of the legal and technical complexities involved in the process. Also, the lender needs to ensure the borrower is creditworthy enough to repay all the loan obligations within the due date.

Therefore, to shorten the home loan process time and avoid any glitch, it is better to know the process in detail before applying for the home loan and talk to people who have availed of a home loan earlier from the same lender.

Must Read : Home Loan Process in india

Disclaimer: *Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG Grihashakti. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG Grihashakti’s policy at the time of loan application. If you wish to know more about our products and services, please contact us.

SMFG India Home Finance Co. Ltd. (Formerly Fullerton India Home Finance Co. Ltd.)
CIN number: U65922TN2010PLC076972

All rights reserved © - SMFG Grihashakti

Follow us LinkedIn facebook Instagram instagram Youtube