Yes, the down payment has to be paid before to be eligible for a home loan. The builder will issue you with money receipt. This receipt is also known as MMR or OCR. All you have to do is to submit the documents in the document. But if you are opting for home loan plan the plan is made on thebasis of construction stage of your property. Therefore, at each stage the bank will pay its share of the loan amount while you will have to require to pay your share.