One of My Friend who was in need of Home Loan for buying a newly house contacted one of the Banks for housing loan. Bank has asked for the certain details and documents as per the norms for their requirement. Now it is almost a month still he has not able to processed his home loan from his bank.
Getting a Home Loan from Banks are easy if certain formalities are done by the person himself before visiting the Bank for Housing loan. The big strain in getting the Home Loan processing is arrangement of essential documents.
I have prepared the list of documents which is commonly required by almost all the Banks. If you have prepared to take a Home Loan for buying property, arrange the following documents before visiting the banks.
List of Documents Required By Banks For Home Loan Proposal:
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Sl No |
Particulars |
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1 |
Identity proof – Copy of PAN Card, Voter’s Card, UID (Adhar), Passport
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2 |
Residential Proof – Ration Card/Driving Licence/Electricity Bill/Water Connection Bill/Telephone Bill (Landline not more than 2 months old) Gas Connection documents/Municipal Tax paid receipt etc
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3 |
Your Present Banker and address of the bank/branch with copy of statement of a/c of last 12 months. If loan availed the copy of sanction letter.
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4 |
If employed then employment details such as copy of appointment letter, employer;s ID Card, salary slip of last 3 months and Form 16 of last 3 years along with the IT return duly acknowledged.
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5 |
If self-employed then copy of Balance Sheet and Profit & Loss a/c for last 3 years along with copy of IT return filed
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6 |
Property documents: (a) Title deed of the property to be purchased (b) Latest tax paid receipts issued by municipal authority/tax paid receipt issued by BL & LRO © Approved building plan (d) Original agreement to sale (e) Detailed estimation for construction on plot owned by you (f) In case of Societies allotted plot then submit a copy of bye-law along with allotment letter and copy of share certificate (g) Receipt of margin money paid to the builder in case of ready-built flat/house.
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For guarantor in Home Loan if Required : |
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Personal Assets and Liabilities Statement |
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2 passport size photographs |
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Proof of identification as like borrowers |
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Proof of residence as like borrowers |
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Proof of business address as like borrowers |
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Signature identification from his/her present bankers |
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NOTE : Preferably apply for the Housing loan at the existing bank branch where you have had your accounts. |