Bank Loan Formalities

If I have applied for housing loan of Rs.2500000 and after verification of all documents given by me will bank give money to me or directly to seller.
Replies (2)
Quick Summary
When you apply for a housing loan and your documents are verified, the bank typically disburses the loan amount directly to the seller. This means the funds go straight to the property owner, not into your personal account.

Directly to seller

After submission of documents, the bank will disburse the amount of loan in favour of Seller.

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