A home loan is a long term commitment, often spanning decades. It is imperative for one to choose a reliable financing company and agents, who not only guide the applicant through the details of the borrowing process but also ensure the best fit for the applicant in terms of the affordability and pattern of payment. Choosing a home loan is a process influenced by many factors, such as, the company's expertise, level of commitment, quality of service, in-depth domain knowledge and transparency of procedures, the fine print, quality of services offered and the safe handling and retrieval of the title deed.


DOCUMENTS REQUIRED

GENERAL

  • Pay slips from the last 3 months of working
  • The most recent copy of Form - 16
  • Six months' worth of bank statements showing salary credits
  • Proof of age & residence
  • Most recent photographs with signatures
  • A cheque for the processing fee
  • The application duly filled & signed by the applicant(s)
  • Pan card
  • All the documents must be self-attested
  • If the applicant has less than two years' worth of experience in the present organisation, he / she must produce the following documents (last 3 years)

SELF-EMPLOYED

  • Profit and loss accounts
  • A balance sheet
  • Saral
  • Current account statements for the last one year
  • Savings account statements for the last six months
  • Pan card
  • Personal profile
  • Business profile / Website
  • Loan details / OD details

FOR NON-RESIDENT INDIANS

  • Pay slips from the last 3 months of working
  • The most recent copy of Form – 16
  • Six months' worth of bank statements showing salary credits
  • Most recently taken photographs with signatures
  • A copy of the passport
  • A cheque for the processing fee
  • Personal profile
  • An NRI bank statement
  • The WLL 2 form
  • Work permit
  • Most recent increment letter (if any)
  • Power of attorney
  • Check credit payment

RESUME

  • A relieving order from the previous company
  • An appointment order from the existing company