HOUSE CONSTRUCTION/REPAIR/PURCHASE LOANS
Documents required for House Construction/Repair/Purchase Loans.
PART-A
- Absolute Sale Deed
- Possession Certificate/Release of Lease Agreement
- Betterment Charges paid receipt
- Latest Khatha Certificate and Khatha Extract
- Upto date Tax paid receipt
- Encumbarance for 13 years in Form No.15
- Income Proof
- Sanctioned Plan
- Family Affidavit for loan repayment commitment
- Residential Address Proof
- Building Photo
- IT Returns for last 3 years along with Balance Sheet and Profit and Loss Account Statement duly certified by the charted accountant
PART-B
Purpose of Loan: For each purpose required documents to be submitted along with the above documents.
| 1. |
Building Construction |
- Sanctioned Plan
- Estimate for Building Construction
|
| 2. |
Purchase of Property |
Sale Agreement and documents related to the particular property |
| 3. |
Building Repair/Renovation |
Estimate for Building Renovation/Repair |
NOTE:
-
70% for the building valuation(Govt. Guidance Value) or maximum of 500 lakhs whichever is less will be considered for loan sanctioning
-
Repayment of monthly installments - as per the Bank rules
-
Loan will be sanctioned subject to fulfillment of any other conditions of the Bank(proportionate share amount, loan processing charges, insurance charges)