If you also intend to buy a house by taking a loan, then you will need many documents. It is important to know about it.
Everyone dreams of having a home of their own, but in today’s era, buying a house without a home loan is almost impossible. If you also intend to buy a house by taking a loan, know that for this work you will need many documents, which are necessary to be aware.
Keep in mind that while making a home loan, banks do a thorough investigation about you and your income and property and give the loan only after being fully convinced. Therefore, you should keep your documents ready. Banks usually ask for these documents-
Original Document
Identity card: Documents such as bank passport, Aadhaar card, PAN card, Voter ID card, driving license as identity card
Residential certificate: Documents such as bank passbook, voter ID card, ration card, passport, telephone bill, electricity bill, water bill, gas bill, policy receipt of LIC as a certificate of residence.
Age Verifying Certificate: Banks accept Aadhar card, PAN card, passport, birth certificate and 10th marksheet as the age certificate of the applicant,
Passport size photo
Income Related Documents
Banks also ask for these income related documents
- Three year income tax return
- Balance sheet
- Account statement regarding profit or loss of a company certified by CA
- Business license details
- If you practice professionally, then its license
- Establishment Registration Certificate
- Business address certificate
- Property related documents
- One to two year Form-16
- Three-six months salary slip
- Income tax return of last two-three years
- Appointment letter, increment letter or promotion letter
- Investment Documents (Fixed Deposit)
- Self-employed
Stamped agreement with sale of registered sale deed, allotment letter or builder
Occupancy certificate if the house is ready to move
Receipt and bank account statement of payment made to the builder or seller
Building plan approval copy
Property tax receipt, maintenance bill and electricity bill
NOC from Society or Builder
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.