Required Documents for Home Loan

1. Required Documents for Home Loan The Sure shot way to Get Home Loan Own home is only a single place where we feel comfortable, safe and independent. Everyone has a hope their own house but due to the fund arrangement, this dream seems impossible. But nowadays getting a home loan is quite easy and convenient. You just need to follow few necessary steps and submitting fair documents to your lender. With proper documentation, you can get your home loan in few days. Before going to approach a home loan lender, it’s very important to gather all required documents for Home loan application and its successful approval. Bank and NBFCs ask for the following documents before sanctioning the Home loan. Let's have a look: Identity Proof (Anyone from the following) Driving license Voter ID Passport Powered By Banknomics.com

2. PAN card Aadhaar Card NREGA Card Age Proof (Anyone from the Following) Driving License Passport PAN card Birth Certificate 10th standard Mark sheet Address Proof (Anyone from the following) Driving license Voter ID Passport Ration card Utility bill – Telephone, Electricity, Water, Gas, Postpaid Mobile (minimum 2 months old) Powered By Banknomics.com

3. Letter from any recognized Government authority verifying the residence address of the customer Letter from your Employer (in case no other proof is available) Bank Statements / Passbook / Other Government documents such as post office Passbook Property or Municipal tax receipt Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, if they contain the address Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or Mission in India Income proof Income proof and property proof vary for salaried individuals and self- employed individuals. Self Employed/Businessmen A brief introduction to your business/profession Balance sheet, profit and loss account statement of income Proof of income tax returns for the last 3 years certified by a CA Receipts of advance tax payments made (if any) A photocopy of Registration Certificate of establishment under Shops and Establishments Act/Factories Act Certificate of Practice for professionals such as doctors Proof of investments (FD Certificates, Shares, any other fixed asset) Salaried individuals Form No. 16 Increment/Promotion letters Appointment letter Payslip (Last 3 months) with salary account bank statement IT returns (for the last three years) Investment proof (FD certificates, shares, any fixed asset) Documents supporting the financial background of the borrower (liabilities and assets if any) Powered By Banknomics.com

4. Apart from all above documents, some property documents also require. The list of property Documents are as below: Sale Deed (Title deed /Mother deed/Conveyance Deed) Joint Development Agreement General Power of Attorney Sanctioned Building Plan NOC from Government Departments Supplementary Agreement/Ratification Deed Allotment Letter from the Builder/Co-operative Society/Housing Board Sale Agreement between Builder & First Owner Construction Agreement between the Builder & First Owner Copy of Possession Letter from the Builder Payment Receipts (Builder) Previous or Current Loans on Property Sale Agreement with the Seller Latest Tax Paid Receipt Encumbrance Certificate No-due Certificate from the Building Association NOC from the Society/Building Association Approved Plan of Construction Demand Letter from the vendor before disbursement All the above documents are required as per loan agreement and can vary as per the lender's term and conditions. Some other documents like Approved Plan of Construction, Auction Sale Confirmation Letter, Completion Certificate, Khata Certificate and Extract etc also required to apply for a Home loan. The list of property documents is so lengthy and must require to applying for a Home loan. Because the Documentation process of Home loan is a little bit complicated therefore it’s good to talk with the financial consultants like Banknomics for the hassle-free Home loan approval. For quick and better response you can apply for a Home loan online with Banknomics. So get set go to Banknomics for best Financial solutions. Powered By Banknomics.com