There are many documents required for getting a Home Loan. Some of them are:
— Driving license
— Voter ID
— PAN card
— Aadhaar Card
— NREGA Card
– Driving license
– Voter ID
– Ration card
– Utility bill – telephone, electricity, water, gas, postpaid mobile (less than 2 months old)
– Letter from any recognized Government authority verifying the residence address of the customer
– Letter from your employer (in case no other proof is available)
– Bank Statements/Passbook/ other Government documents such as post office passbook
– Property or Municipal tax receipt
– Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, if they contain the address
– Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or Mission in India
– Driving license
– PAN card
– Birth certificate
– 10th standard mark sheet
Income proof and property proof vary for salaried individuals and self-employed individuals.
Sale Deed (Title deed /Mother deed/Conveyance Deed)
The Sale Deed or Title Deed is the most important legal document required while buying a property. It is evidence of the sale and transfer of ownership of the property to you. It is also an essential document if you plan to sell the property after a few years since it serves as proof of ownership. The Sale Deed has to be registered at the Sub Registrar’s office of property jurisdiction within four months from the sale date. Very, very important.
Joint Development Agreement
A crucial document when opting for a property which is part of a joint venture project; the Joint Development Agreement (JDA) is an agreement between a landowner and a builder wherein the landowner contributes his vacant land and the builder undertakes real estate projects on that land. The JDA lets you know whether the landowner or the builder holds ownership of the property you’re buying.
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