Sanction & Disbursal Documentation

Sanction & Disbursal Documentation
we require the following documents to sanction your home loan:
Sanction Documents Duly Completed Application Form
Photograph
Fee Cheque
Photo Identity Proof
Age Proof
Signature Verification Proof
Residence Address Proof
Document specific for Salaried
Last 3 months Salary Slip
Form 16
Bank Statement for last 6 months from Salary Account
Repayment Track record of existing loans / Loan closure letter
Document specific for Self Employed
Income Tax Return / Computation of Total Income / Auditors Report / Balance Sheet / Profit & Loss Account certified by Chartered Accountant for last 2 years (3 years for Home Equity) (both for business and personal of partners/directors)
Bank Statement for last 6 month from operating account
Repayment Track record of existing loans / Loan closure letter
Board Resolution in case of a company
Proof of existence
Office Address Proof
Photo Identity Proof, Residence Address Proof, Signature Verification is required to be provided for all the main partners / directors.
These are the documents required for sanctioning a loan. You may be asked to submit further legal documents if required by Bank or its approved lawyers. Do retain photocopies of all documents being submitted by you.Disbursement of your Home loan.

we disburse the loan amount after you identify and select the property or home that you are purchasing and submit the requisite legal documents.

While you may be under the impression that the list of documents asked for is rather extensive, please note that it is for your own good. Each and every single document asked for will be verified and checked to ensure your safety.

This may take authorities (if applicable) is also needed. some time but we want to ensure a clear title and will complete all the legal and technical verifications to ensure that you have full rights to your home.

Your loan will be disbursed after you identify and select the property or home that you are purchasing and on your submission of the requisite legal documents.

The 230 A Clearance of the seller and / or 37I clearance from the appropriate income tax On satisfactory completion of the above, on registration of the conveyance deed and on the investment of your own contribution, the loan amount (as warranted by the stage of construction) will be disbursed by Bank.

Disbursement Documents Property documents (as per P&D for respective states and as asked by empanelled lawyers for individual cases)
Facility Agreement
Disbursal Request Form
Cheque Submission Form – for Pre EMI and EMI cheques
ECS or Auto Debit from Your Bank  or Post Dated Cheques for EMI / Pre EMI
Personal Guarantor’s Documents (PG Form, Photograph, Identity Proof, Address Proof, Signature Verification and Income documents, if applicable)
In case of property is owned by a company
Memorandum of Entry
Form 8
NOCServices & Charges

Factors affecting your Loan Amount
Sanction & Disbursal Documentation
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