Documents are an essential thing when you look forward to availing a home loan. Therefore, you need to submit all the required documents carefully. These documents are necessary for the verification of the loan.<\/p>\n\n\n\n

Here is the list of documents needed:
1) Home loan application form
2) A few passport-size photographs
3) One of the Identity proofs such as an Aadhar card, Voter card, Pan card, Passport.
4) One of the address proofs such as an Aadhar card, Passport, Voter ID card, DL, utility bills like electricity bill, water bill, telephone bill, etc.
5) Financial proofs such as the last six months\u2019 bank statement, salary statement, ITR or income tax returns in the case of a salaried individual and financial proofs needed for self-employed individuals are the bank statements of the past few months, P and L or Profit and Loss statement, ITR or income tax returns. For self-employed individuals, Challans are also accepted as proof of Advance Income Tax payment.
6) All the asked property documents such as property purchase agreement, certificate of property possession, receipts of advance payment for the house, house allotment letter from the society, approved building plan, non-encumbrance certificate, NOC or No Objection Certificate, Power of attorney, etc.
Once the lender \/ bank issues your sanction letter, you have to provide all the property papers, payments made to the builder till date, policies made under your name or your spouse and other documents pertaining to the property or lender will ask to avail from the developer also. Once lender have all the required documents, their credit team will scrutinize it and documents will remain with the lender until 100% loan has been paid by the customer.<\/p>\n\n\n\n