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Home loan sanction follow-up

A week after the buyer applied for a home loan, if no sanction letter has been shared.

10:24
Hi Arjun, checking on your home loan with SBI for Flat 803, Orchid Heights. Has the sanction letter come through? The agreement-stage payment is due on 30 October, so if the bank needs any document from us — cost sheet, NOC or agreement copy — tell me and I’ll arrange it today.10:02

Template

Hi {{name}}, checking on your home loan with {{bank}} for {{property}}. Has the sanction letter come through? The {{next_payment}} is due on {{due_date}}, so if the bank needs any document from us — cost sheet, NOC or agreement copy — tell me and I’ll arrange it today.

Variables

{{name}}
Arjun
{{bank}}
SBI
{{property}}
Flat 803, Orchid Heights
{{next_payment}}
agreement-stage payment
{{due_date}}
30 October

Meta’s editor numbers variables — {{1}}, {{2}} — in the order they appear.

Variations

After the sanction letter arrives

Hi {{name}}, congratulations on the sanction from {{bank}} for {{property}}! For disbursement of the {{next_payment}} due on {{due_date}}, the bank will need the agreement and our demand letter — I’ll send both to your loan officer today if you share their email.

Questions

Why should the broker chase the loan at all?

Because a delayed sanction delays the agreement payment, and a missed payment can stall or cancel the deal. A short weekly check lets you supply the documents the bank needs before the due date, not after.

Can I recommend a bank to the buyer?

You can share the lenders who have approved the project, which speeds up appraisal. If you receive a referral fee from a lender, tell the buyer. Let them compare interest rates and fees themselves.

Tips

  • Offer the builder-side documents banks usually ask for; it is the delay you can actually fix.
  • Ask for a copy of the sanction letter so you can match the loan amount with the payment schedule.
  • Send the loan document checklist earlier in the deal; this message is for after the application is in.

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