If the person is planning to own home with home loan, then
person should go through this article. This article will guide the customer about
the basic documents that each and every bank or financial institution required
for deciding the eligibility of the customer for the home
loan. The customer should provide the real documents
to the bank or financial institution, as fake documents can become
the cause of rejection as well
as for attract legal action. There are a number of documents the customer has
to submit, though according to
their work, i.e. salaried person has somewhat different checklist
from the self employed person.
Checklist for
Salaried Individual
1. Identity Proof & Age Proof
The person has to provide two photographs with the application form as identity proof. For age proof, the customer can submit passport copy or copy of driving license or copy of pan card.
2. Residence Proof
The person can submit the documents for residential proof are passport copy or voter id card or utility bills or driving license.
3. Employment details
The customer must have total experience of two years. If the person is working from last one year in the current company, then the person has to submit appointment letter of that company. The person can also give photo copy of their identity card.
4. Income Proof
For income proof, the customer has to give the copy of latest last 3-6 month salary slips and Form 16 as proof of ITR.
5. Bank statement
The customer has to submit last 6-9 month bank statement of their bank account in which the person salary is credited.
Joint Home Loan
If the person is applying for joint home loan, then person should always remember that all the owners of the property must be applicants for the home loan, but the reverse may not hold true. All the applicants have to submit same documents as the individual has given.
Checklist for Self Employed Individual or Professional
There is a slight difference in the documentation of self employed professional. The documents for identity proof and residence proof are the same documents, but there is the difference in the documentation of income, bank statement and business person has to give business proof.
1. Income Proof
The person has to give last 3 years income tax return and profit and loss account and balance sheet, which is duly signed or attested by the CA certified person.
2. Bank Statement
The person has to submit the last one year banking statement of the account from which the person does the business transactions or the current account.
3. Business Proof
The person’s business must be running from last two or three years for availing the home loan.
The person has to provide two photographs with the application form as identity proof. For age proof, the customer can submit passport copy or copy of driving license or copy of pan card.
2. Residence Proof
The person can submit the documents for residential proof are passport copy or voter id card or utility bills or driving license.
3. Employment details
The customer must have total experience of two years. If the person is working from last one year in the current company, then the person has to submit appointment letter of that company. The person can also give photo copy of their identity card.
4. Income Proof
For income proof, the customer has to give the copy of latest last 3-6 month salary slips and Form 16 as proof of ITR.
5. Bank statement
The customer has to submit last 6-9 month bank statement of their bank account in which the person salary is credited.
Joint Home Loan
If the person is applying for joint home loan, then person should always remember that all the owners of the property must be applicants for the home loan, but the reverse may not hold true. All the applicants have to submit same documents as the individual has given.
Checklist for Self Employed Individual or Professional
There is a slight difference in the documentation of self employed professional. The documents for identity proof and residence proof are the same documents, but there is the difference in the documentation of income, bank statement and business person has to give business proof.
1. Income Proof
The person has to give last 3 years income tax return and profit and loss account and balance sheet, which is duly signed or attested by the CA certified person.
2. Bank Statement
The person has to submit the last one year banking statement of the account from which the person does the business transactions or the current account.
3. Business Proof
The person’s business must be running from last two or three years for availing the home loan.
I cannot thank Mr Pedro loan service enough and letting people know how grateful I am for all the assistance that you and your team staff have provided and I look forward to recommending friends and family should they need financial advice or assistance @ 2% Rate for Business Loan .Via Contact : . pedroloanss@gmail.com . Whatsapp +18632310632
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