Buying Your Dream Home? These are the Home Loan Documents Required In India
Buying a dream home is always considered to be a great step in an individual's life. When somebody expects to buy a new home, that particular phase is termed to be very exciting for the entire family. Excitement is absolutely fine for your new home but at the same time, various things are to be planned prudently. A proper planning can ensure you with a superbly comfortable life along with no financial strain. Before buying a home make sure that the amount that you are going to pay to the owner is considered to be worthy enough or not in the marketplace. Anyway, home loans can help individuals attain peace. Nowadays a dream home is nearly not possible without a home loan and it is also a basic amenity of life because it is the one which will provide you with shelter. Hence, before applying for the home loan, know the tax and the financial implications. At times, banks reject your loan applications! Make sure that this does not happen to you. Read the article below and know about the proper home loan documents you need for applying.
Common home loan property documents required for applying are as follows-
Property tax receipt
Postpaid mobile bill
NOC from the builder or the housing society
Detailed estimation of the construction amount
Stamped agreement of sale, Allotment letter and Sales deed
Land tax receipt from the revenue department and possession certificate
Payment receipt detailing about the payment already made to the builder or the seller (Bank account statement)
Passport size Photograph
Documents to be provided by Self-employed Applicants
Bank account statement
Last few months
Proof of Business Existence
GST registration certificate
Import Export Code
ROC registration certificate
Articles of Memorandum of Association
SEBI registration certificate
Financial Statements (audited)
Profit and loss account statement
Documents to be provided by Salaried Applicants
Bank account statements
Last few months
Current salary slips
Is Home Loan Possible Without Property Documents?
In under-construction properties, the home loan can be attained without the property registration documents. Anyway, the property has to be registered soon after the possession and then the completion certificate should be attained. Only in the case of under-construction properties, this can be done! A borrower can avail of a home loan without property registration credentials.
In order to complete the application, you will need to submit all types of necessary documents for verification (already mentioned above). Submitting is possible both online and offline. Various banks have got the door pickup facility as well for availing maximum convenience to its clients.