A buyer needs to carry out due diligence before buying any property.

The following documents should be checked before purchasing a flat:



Documents required while applying for a home loan at a bank

Different banks depending on whether they are private sector banks, public sector banks, co-operative banks or NBFCs have varied requirements for the documents to be furnished at the time of applying for a home loan. For the benefit of our customers we provide below a list of documents which may be a prerequisite at some banks / NBFCs.


List of papers / documents applicable to all applicants :

Completed loan application form
3 passport size photographs
Proof of identify (photo copies of Voters ID card / Passport / Driving licence / IT PAN card)

 

Proof of residence (photo copies of recent Telephone Bills / Electricity Bill / Property tax receipt / Passport / Voters ID card)

Proof of business address for non-salaried individuals
Statement of Bank Account / Pass Book for last six months
Signature identification from present bankers
Personal Assets and Liabilities statement

For guarantor (wherever applicable) :

Personal Assets and Liabilities Statement
2 passport size photographs
Proof of identification as above
Proof of residence as above
Proof of business address as above
Signature identification from his/her present bankers

Additional documents required for salaried persons :

Original Salary Certificate from employer


 

TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.

Additional documents required for Professionals / Self-Employed / other IT assesses:

Acknowledged copies of three years I.T. returns / Assessment Orders.
Photocopies of challans evidencing payment of Advance Income Tax.

Disclaimer

Advice has been imparted in good faith. Legal opinion may be sought before purchasing a property and/or its documentation. The website is not liable for any damages resulting from failure to do so. Please consult your home loan company for specifics.