How payment works after you win
last updated 2026-07-21
When you win, you pay 25% of the sale price — the EMD counts towards it — immediately or by the next working day, and the balance 75% within 15 days (the bank may extend this in writing). On full payment the bank issues a sale certificate, which you then register. Miss the deadlines and you forfeit the deposit.
The payment clock
- 25% immediately. On being declared the winner, you pay 25% of the sale amount (including the EMD you already deposited) on the same day or the next working day.
- Balance 75% within 15 days. The rest is due within fifteen days of the sale being confirmed. The bank can extend this period in writing, but you cannot assume an extension.
- Sale certificate. Once you have paid in full, the authorised officer issues a sale certificate in your name.
- Registration. You pay stamp duty and register the sale certificate to complete your title record.
What happens if you miss a deadline
If you fail to pay the 25% or the balance in time, the deposit — including your EMD — is forfeited to the bank, and the property can be re-auctioned. This is the main way buyers lose real money, so line up your funds before you bid, not after.
Plan the money before you bid
Because the timeline is short and unforgiving, treat financing as a pre-bid task: know where the 25% and the balance are coming from, and confirm the exact amounts and dates in the sale notice and with the bank. A property being a good deal on paper matters little if you cannot fund it inside the window.
Frequently asked questions
How much do I pay immediately after winning?
25% of the sale price, with your EMD counting towards it, on the same day or the next working day. The balance 75% follows within 15 days unless the bank grants a written extension.
What is a sale certificate?
It is the document the bank's authorised officer issues after you pay in full, recording that the property has been sold to you. You register it, paying stamp duty, to complete your title record.
What if I can't pay the balance in 15 days?
Unless the bank extends the period in writing, missing it means your deposit — EMD included — is forfeited and the property may be re-auctioned. Arrange funds before you bid.