Hiii Sonu, The eligible lending institution can apply for guarantee cover in respect of credit proposals sanctioned in the quarter April-June, July-September, October-December and January-March prior to expiry of the following quarter viz. July-September, October-December, January-March and April-June respectively. Lender apply for the guarantee cover is provided further that, as on the material date 1) The dues to the lending institution have not become bad or doubtful of recovery; and / or 2) The property/asset of the borrower for which the housing loan was granted has not ceased; and / or 3) The housing loan has not wholly or partly been utilised for adjustment of any debts deemed bad or doubtful of recovery, without obtaining a prior consent in this regard from the Trust. 4) The borrower has paid the necessary fees and charges for the said property. When should the lender apply for the guarantee cover?