The Lendly Process
Process from Agreements to Registration
From Agreements
to Registration
A complete walkthrough of your home loan journey — what happens, who does what, and how Lendly supports you at every stage.
Preparation of Agreements
Agreements depend on whether you are buying from a builder or an individual (resale). Select your situation below.
Sale Agreement (Internal)
Market Value (M.V.) based agreement between Vendor and Vendee for the agreed sale price. Coordinated by builder's document writers.
Sale Agreement for Registration
Prepared for bankers and official registration at the registrar's office. Required for all standard home loans.
Construction / Work Order Agreement
Specifically for securing additional loan amounts beyond the external sale value. Accepted by select banks only (2–3 agreements). Not presented at the registrar's office.
Sale Agreement (Internal)
Market Value (M.V.) based agreement between Vendor and Vendee. The buyer must visit a document writer to prepare this.
Sale Agreement
Prepared for bankers and official registration purposes. Mandatory for processing your home loan.
Work Order
Required only if your bank accepts a Work Order for additional funding. Acceptance varies by lender.
Loan Processing
Processing timelines and steps differ between nationalised and private banks. Both typically take 7–14 working days.
Document Collection
KYC documents, financial records, and property documents collected as per Lendly's checklist.
Initial Scrutiny
KYC verification, CIBIL score check, and loan eligibility assessment carried out by Lendly.
Legal & Valuation Initiation
Initiated if the project is not pre-approved. Legal verification and property valuation ordered by the bank.
File Login
Approved file submitted (logged in) with the bank for formal processing.
Field Verification
Bank officials conduct KYC, office, and property inspection visits. Lendly follows up for sanction.
Documentation & Sanction Letter
Buyer visits the bank personally to sign and execute loan agreements. Sanction Letter issued specifying ROI, tenure, and loan amount.
Disbursement
A Demand Draft (DD) is issued in the builder's name and handed over. Lendly follows up throughout.
Document Collection
KYC & financial documents collected digitally. Property documents collected physically. As per Lendly's checklist.
Initial Scrutiny
KYC verification, CIBIL check, and eligibility assessment completed by Lendly.
Online Document Upload
Customer uploads all documents via a secure link shared by Lendly or the banker.
Field Investigation
Bank verifies office, residence, and property through a field visit.
Sanction Follow-up & Initial Letter
Lendly coordinates with the banker. Customer receives an initial sanction letter showing indicative ROI, tenure, and terms & conditions.
Docket Process (Legal + Valuation)
Legal verification and property valuation happen simultaneously with the sanction process. Applicable for Resale, Construction, LAP, Repairs & Renovation, and Top-Up cases. Not applicable for approved projects (first purchase).
Final Sanction Letter
Issued after all docket checks are cleared — confirms exact ROI, tenure, and terms & conditions.
Registration
The final legal transfer of property ownership, coordinated between buyer, seller, and Lendly.
Sale Deed Preparation
Builder/buyer works with a document writer to prepare the sale deed. Buyer pays challan, registration expenses, and document writer fee.
Slot Booking
Document writer books a convenient date and time at the registrar's office for both buyer and seller.
Registration at Registrar's Office
Both builder/seller and buyer attend in person. The document is registered officially. Bank hands over the DD to the seller at or after registration. (Private banks: buyer pays ₹2,500 to bank advocate attending registration.)
MODT Registration
Buyer coordinates with banker/Lendly and document writer to register the MODT. Buyer pays challan, registration expenses, and document writer fee. (Most Telangana banks do not require registered MODT.)
Original Document Collection
After registration: buyer/seller/Lendly collects originals. For private banks: bank's advocate or banker collects them directly.
Further Disbursement
For Self Construction, LAP, Repairs & Renovation, and Top-Ups — Lendly manages further fund releases from the nationalised bank as construction progresses.
When Your Physical Presence Is Required
You only need to be physically present at three key moments throughout the entire process.
Common Questions
Only if you need a loan amount higher than the external sale agreement value. Acceptance depends on the bank — some accept 2, some accept up to 3 such agreements. These are not presented at the registrar's office.
The following cases skip the agreement phase and proceed directly to loan processing:
Both nationalised and private banks typically take 7–14 working days for processing. Timelines may vary based on document completeness and property type.
The docket process involves legal verification and property valuation happening simultaneously — this is unique to private banks and runs concurrently with the sanction process to save time. Applicable for Resale, Construction, LAP, Repairs & Renovation, and Top-Up cases only.
Most banks in Telangana do not require a registered MODT. Your specific bank will confirm if it is mandatory. If required, Lendly will coordinate the process with you and the document writer.
Lendly handles:
You are required in person for: