CHECKLISTS (8 Docs.)for HOME LOAN/Sanction of Home Loan

Check list of documents towards Transfer/Sanction of HOME LOAN

There are occasions when we like to transfer Home Loan from one Bank to another due various reasons or as a fresher you would like to get your loan sanctioned for Home Loan.In both these cases you need to prepare and/or collect certain documents which are necessary to assess and sanction your Home Loan.

Following are the documents(need to be submitted) required for the employed category individuals.

(1)Application form duly filled by the  borrower and submitted along with 3 latest photographs,

(2)Proof of identity such as PAN Card/VID/DL/Passport,

(3)Proof of residence such as Telephone Bill/Electricity Bill/Passport/Bank account statement,

(4)Last 6 months Bank account statement of all bank accounts held by applicant,

(5)Loan account statement if any,

Personal asset liability statement in the Bank"s standard format,

(6)Salary slips for last 3 months,
Copy of identity card issued by employer,

(7)Form 16 and IT returns for last 2 years,

(8)Employe certificates, appointment letters,increment letters duly attested by employer.

Once these documents are submitted, a fee of ₹ 5400/=for property up to ₹50 lacs and ₹8300/= for property above ₹50 lacs to 1 cr are charged along with applicable processing fee.

All documents should be self certified.

Once meeting the above points,applicant can contact any authorized bank's agent for further processing which will minimize your efforts up to minimal.

-pramodara