Documents Required For Home Loan

Home Loan Documents Required :

            Very simple process of documentation involved, the dream of owning a house has become even more simpler. Though the documentation requirements for a home loan are more or less uniform among various banks, a few specific requirements may different from one bank to another bank, depending on the loan amount.

List of papers/ documents applicable to all applicants:

1. ·Completed loan application
2. ·3 Passport size photographs
3. ·ID proof (photo copies of Voters ID card/ Passport/ Driving
4. ·License/ IT PAN card)
5. ·Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/
6. ·Property tax receipt/ Passport/ Voters ID card)
7. ·Proof of business address for non-salaried individuals
8. ·Statement of Bank Account/ Pass Book for last 6 months
9. ·Signature identification from present bankers

Property documents:            

1. ·    Agreement of sale with the builder (original copy)
2. ·     Land and building tax paid receipts, location sketch of the property certified by the revenue authorities, Original certificate
3. ·    Letter of allotment given by the Housing Board/Society/Private builder
4. ·    Original receipts of the advance payments that are made towards the purchase of flat/land
5. ·    An approved copy of the building plan
6. ·    Original of the land tax paid receipt and possession certificate as issued by the revenue authority
7. ·    Original No objection certificate (NOC) from the housing society or builder
8. ·    Detailed estimate of the cost of construction of house
9. ·     Letter from the builder/housing board/society, stating their account number and name of their bankers for the remittance of installments