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Seeking a home loan? Opt for Kotak Mahindra Bank’s Approved Project Finance - a faster home loan for pre-approved properties. Approved projects are those which we have already verified from our end with regards to the project details, paperwork, documentation, and other criteria. The projects have met our standards and if you are buying a home from such approved projects, the loan sanctioning becomes quicker and faster.
| Name of the Project | No of approved Floors | Builder Name | APF Number | Project Address | Builder Category |
|---|
Note: *Currently the latest update on the no of floors approved is unavailable, kindly get in touch with your Kotak Bank Relationship Manager to understand the no of approved floors
This information contained herein is meant only for the user’s convenience and to help them in their home buying journey. The information is in no manner an endorsement, recommendation or guarantee by Kotak Mahindra Bank. Neither is it an advertisement, marketing or promotional material, an offer to sell, solicitation of an offer to purchase nor any real estate investment advice. The bank has approved the projects solely for funding purposes. The approval/rejections of home loan applications for the approved projects will be at the sole discretion of Kotak Mahindra Bank. All loan applications shall be subjected to due diligence before they are approved/rejected. The information contained herein is also subject to changes, update, revisions and amendments, based on the details shared by the project owner (Builder), without any notice and at any time, and you agree and accept the same. The user agrees that he/she shall verify the accuracy of information before relying on or acting upon any information displayed. If you have any questions or concerns about the project, you may contact the project owner (Builder) directly. Kotak Bank is not responsible for and expressly disclaims all liability for damages or whatsoever concerning the information you access, including, but not limited to any information displayed on the Website
APF or Approved Project Finance is a home loan available for real estate properties and projects that have been approved by the bank. Most banks verify popular and reputed builders and their projects beforehand. They check the project details, the required paperwork, the building plans, legal formalities, etc. After valuation and verification, if the banks are satisfied with the legality of the project, they approve the project and allot it a number. Thereafter, borrowers looking to buy a property from any of the approved projects get the benefit of faster loan sanctions and lesser hassles in getting the property verified and approved for the loan.
You can visit the website of the bank, enter your state and city and the list of approved projects would be displayed. You can find the APF number against each project that is listed by the bank. Alternatively, you can also find the APF number on the builder’s website or promotional material.
Developers and builders interested in receiving an APF number on their project submit the relevant property and legal documents to banks for verification. They also submit all the necessary clearances received from the Government authorities.
The approved project finance number is the number allotted by the bank to the project. It depicts the fact that the bank is satisfied with the legal authenticity of the project and that the project fulfils all the relevant property guidelines.