A house is associated with social status and peace of mind. Probably nothing satisfies a human more than a house they can call their own. However, the costs of constructing or purchasing a house can be well beyond the means of most middle-class individuals, and hence, they apply for a home or housing loan. 

Since a home loan is a long-term secured liability, lenders evaluate multiple parameters of a borrower before approving the loan. Read on to discover the best way to secure instant approval of a home loan.

The Steps To Secure an Instant Approval Home Loan

Securing an instant approval home loan is a five-step process. The following is a step-by-step process to apply for a home loan:

Step-1: Home Loan Application

You can apply for a home loan online or offline. If you choose the offline mode, you have to visit the lender’s branch to collect the application form, fill and submit it with documents. The online mode is more convenient. You have to enter primary details like name, address, email, phone number, etc., and submit the documents online. Lenders like PNB Housing send a loan officer to the borrower’s registered address, who verifies the original documents and okays the application for processing. The documents you need to keep ready are the application form, photograph, age proof, address proof, income statement, Income Tax statement, and property papers.

Step-2: Profile Verification and Processing

Once the loan officer is satisfied with the documentation, s/he will send the loan documents to the lender’s office. The lender will conduct a background and employment check to verify the borrower’s repayment capability. They may also inquire about your credit profile from a credit rating agency. After the verification gets done, the lender will issue the home loan sanction letter.

Step-3: Home Loan Sanction Letter

The housing loan sanction letter contains information like the interest rate, loan amount, interest type, and repayment term. It may also include other details of your home loan, such as the terms, conditions, and other rules. After receiving the sanction letter, you have to read it and sign and send a copy to the lender for loan approval.

Step-4: Site Inspection and Fee Payment

After you send a signed copy of the sanction letter to the lender, the lender will ask you to pay the processing fee. The processing fee also includes the down payment amount, which has to be a minimum of 10% of the loan amount.

Step-5: Loan Approval and Fund Transfer

After receiving the processing fee, the lender will send you the final loan agreement. They will also disburse the loan amount instantly. You need to pay the EMIs as per the agreed terms.

The Top-4 Ways to Expedite Home Loan Approval

The steps mentioned above might seem lengthy, which they are. However, you can make the process super smooth and ultra-fast if you keep in mind the following tips:

1. Evaluate Your Repayment Capability – The lender may approve your loan instantly if your total expenses do not exceed 40% of your net monthly income.

 2. Make a More-Than-The-Minimum Downpayment – If you want to get the best home loan interest rates, consider increasing the down payment amount to 20% or 30% of the loan amount.

 3. Credit Score Matters – If you want to get instant approval for a home loan, keep your credit score above 750.

 4. Apply For a Joint Loan – When you apply for a joint home loan, your eligibility increases. The lender may consider your home loan risk-free and hence, approve it instantly.


A housing loan not only comes with the lowest interest rates but also instant approval. The tips mentioned in this article can help you secure an instant approval home loan without any trouble.