Home Loan Checklist
Checklist
we present to you the home loan documents checklist that you need
to ensure is with you, before you apply for a home loan. A basic
checklist for home buyers like proper and clear title and correct
proposition will help you make a safe and informed purchase.
There are other home loan tools like calculators suitably devised to assist you.
If you are a salaried person, please provide two recent consecutive
pay slips or a copy of your employment contract or a letter from your
employer.
If you are self-employed, please provide copies of your last two Financial Accounts as prepared by your accountant.
Appointment Letter
Salary Certificate
Retainer ship Agreement, if appointed as a consultant
FORM 16 issued by the employer in your name.
Last three years income tax returns duly filed and certified by the Income Tax Authorities
Similar Document -separately for each co-applicant.
Identity card issued by your employer
Visiting card
Passport
Voter's ID card
PAN card
Ration card
Employer's Identity card
School leaving certificate
Birth certificate
Ration card
Passport
PAN card
Rent agreement, if you are staying currently on rent
Bank Pass book
Allotment letter from your company if you are residing in company quarters
b) A copy of a newspaper advertisement publicizing the name change
c) Marriage certificate
Bank statement for the last six months of all operating and salary accounts
Bank statements for the last six months of all current accounts, if self-employed
Any other photocopies of investments held, if required by the Bank
Original Sale agreement with Builder/Developer duly registered, Registration receipt
Tripartite agreement from builder/developer
Land documents indicating ownership, e.g.- Photocopies of title deeds, if applicable
A certificate by the legal advisor of the builder to the effect that
the builder has a good reputation and it is free from encumbrance and
other charges
A certificate from builder's Chartered Accountant certifying that the builder has not mortgaged the property anywhere else
Certified true copy of approved plan
Copies of receipts of payments made to builder/developer
Allotment letter
Possession letter
Lease agreement, if applicable (Property bought from a development authority)
Mortgage deed if the Bank opts for a registered mortgage
No Objection Certificate from the developer, society or development authority as applicable
Personal Guarantees, if applicable
In case of alternate or additional security, documents for the same depending upon the security details
For self-construction: Approved plans and clearance certificates along with estimates
Post dated cheques for the EMIs
Evidence of your deposit or investment funds, i
e a bank statement or term deposit receipt
For low equity loans (5-19% deposit), copy of your savings account statements over the last six months
If you are planning to buy a property, please provide a copy of the
successful sale and purchase agreement signed by both you and the vendor
If you are planning to sell or have already sold your existing
property, please provide a copy of that property's sales and purchase
agreement
If you are refinancing from another bank please provide copies of your loan statements covering the last six months
Please provide copies of your account statements covering the last six months from your current bank
Please provide copies of your identification and if you have arrived
in the country within the last 5 years, please provide a copy of your
passport
There are other home loan tools like calculators suitably devised to assist you.
Confirmation of Income
Employment Proof
Age Proof
Residence Proof
Name Change Proof (If Applicable)
A) copy of the official gazetteb) A copy of a newspaper advertisement publicizing the name change
c) Marriage certificate
