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    Checklist Housing Loan

    Uploaded by

    Devendra Chavhan
    This document is a checklist of required documents for applying for a housing loan. It lists documents needed from the applicant such as identity proof, address proof, income documents for salaried or self-employed individuals, property documents, and other legal documents. It also provides a separate checklist for documents required specifically for taking over an existing housing loan, such as the existing loan details and property paperwork. The checklist aims to ensure applicants provide all necessary documentation for the loan application to be processed.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Checklist Housing Loan

    Uploaded by

    Devendra Chavhan
    73 views2 pages
    This document is a checklist of required documents for applying for a housing loan. It lists documents needed from the applicant such as identity proof, address proof, income documents for salaried or self-employed individuals, property documents, and other legal documents. It also provides a separate checklist for documents required specifically for taking over an existing housing loan, such as the existing loan details and property paperwork. The checklist aims to ensure applicants provide all necessary documentation for the loan application to be processed.

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    Checklist Housing loan

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    This document is a checklist of required documents for applying for a housing loan. It lists documents needed from the applicant such as identity proof, address proof, income documents for salaried or self-employed individuals, property documents, and other legal documents. It also provides a separate checklist for documents required specifically for taking over an existing housing loan, such as the existing loan details and property paperwork. The checklist aims to ensure applicants provide all necessary documentation for the loan application to be processed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    73 views2 pages

    Checklist Housing Loan

    Uploaded by

    Devendra Chavhan
    This document is a checklist of required documents for applying for a housing loan. It lists documents needed from the applicant such as identity proof, address proof, income documents for salaried or self-employed individuals, property documents, and other legal documents. It also provides a separate checklist for documents required specifically for taking over an existing housing loan, such as the existing loan details and property paperwork. The checklist aims to ensure applicants provide all necessary documentation for the loan application to be processed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Checklist of Documents for Housing Loan

    Name of the applicant: - _______________________________________________ Date:-____________

    Particulars Applic-able Attached


    Y/N Y/N

    Pre-sanction visit report by Branch official Y

    KYC documents of Applicant, Co Applicant and Guarantor


    1. Photo ID (Passport/Driving License/Voter ID/Aadhar Card)
    2. Address Proof (Passport/Driving License/Voter ID/Aadhar Card/Ration
    Card/Light Bill)
    3. PAN Card

    Undertaking from applicant that he does not own more than 1 house in his own name. If he
    owns more than 2 houses commercial rate will be applicable.
    Income Documents of parents

     For Salaried persons


    1. Latest 3 months salary slips
    2. Last 6 months salary account statements
    3. Employers certificate
    4. Form 16
    5. Last 2 years ITR (if Income is Taxable)

     Documents for Businessman / self employed


    1. Last 2 years ITR
    2. Last 2 years BS & P&L statements along with computation of income. Audited
    financial statements will be required for individual borrowers having credit
    limit of Rs 10 Lakhs and above. For service industries & manufacturing
    industry if turnover is more than 25 Lakhs and 1 Cr respectively Audited
    statements will be required. Financial statements must also to be signed by
    borrower
    3. Last 12 months business bank account statement
    4. Tax Paid challan/26AS
    5. Business proof –
    a. Proprietor - shop Act / Grampanchayat certificate
    b. Partnership firm - Registered partnership deed, PAN card
    c. Directors of company – Memorandum and Articles of
    association
     For Agriculturist - Those who do not file income Tax returns, income
    certificate issued by Tahsildar, 8A & all 7/12 extract along with supporting
    income proofs.

    Other documents
    1. Registered agreement for purchase of property between seller and buyer
    (Applicant)
    2. Receipts for payments already made to seller
    3. Search & Title report from panel advocate
    4. Copy of Sanction plan/ Approved building plan
    5. Copy of sanction for construction from competent authority
    6. NA Permission.
    7. Paid receipts of latest maintenance, water tax, municipal tax and any such taxes
    Checklist of Documents for Housing Loan
    Name of the applicant: - _______________________________________________ Date:-____________

    in case of old property


    8. NOC from builder and NOC from society (if society is formed) for mortgage
    and non encumbrance certificate.
    9. In case of open plot owners society NOC for mortgage of Plot and construction
    there on.
    10. Valuation Report from our panel valuator in case of Resale property/take -over
    proposals
    11. Structural stability certificate in case of property is more than 10 years old
    12. Detailed Estimate from the architect/Engineer in case of construction of house
    on open plot
    13. Sale deed/partition deed/Gift deed/ Lease deed/Allotment deed of plot
    14. Partnership agreement of builder, Development agreement in favor of builder
    15. Power of attorney given by landlord in favor of developer, Property extract such
    as 7/12 extract
    16. Extract of property register card of city survey (Akhiv Patrika)

    Checklist of Documents for Housing Loan (Takeover)

    In case of takeover of Housing loan

    Step I

    1. KYC, Income documents, property papers are to be verified as per checklist mentioned on page 1.

    2. Sanction letter, Bank Account Statement from the date of loan, List of documents deposited with bank,
    Balance.

    3. Confidential Report stating loan account is standard and current O/s Balance

    Step II
    Search & Valuation Report are to obtained from applicant only after, being convinced about income eligibility,
    deduction norms & property papers of applicant (such as NA Order, sanction letter for construction,
    commencement letter, approved plan, completion certificate etc.)

    Note: All photocopies must be attested by the Branch Manager/Officials otherwise the proposal
    will be returned to the branch for compliance. Covering letter & application form in prescribed
    format must be attached with the proposal.

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