Checklist
The following documents to be collected at Customer based on the customer profile and the loan products:
For Home Loan – Like – Construction, Plot + Construction, Refinance, Renovation, Improvements / Loan Against Property
Here’s a general checklist of documents typically required when applying for a home loan:
- Identification Proof:
- Passport
- Driver’s License
- Voter ID Card
- Aadhaar Card
- PAN Card
- Address Proof:
- Utility Bills (electricity, water, gas)
- Rental Agreement
- Passport
- Voter ID Card
- Aadhaar Card
- Income Proof:
- Salary Slips (last 3-6 months)
- Form 16 (for employees)
- Income Tax Returns (last 2-3 years)
- Bank Statements (last 12 months)
- Letter from employer (stating employment details and salary) – Cash Salaried profile
- Property Documents:
- Sale Deed
- Allotment Letter (from the builder, if applicable)
- NOC from builder/society
- Land and building tax receipts
- Approved building plan
- Legal Documents:
- Encumbrance Certificate
- Property Tax Receipts
- Title Deed
- Possession Certificate
- Financial Documents:
- Statement of Assets and Liabilities
- Existing Loan Details (if any)
- Other Documents:
- Passport-sized photographs
- KYC Documents
- Application Form (provided by the bank)
Remember that specific requirements may vary depending on the lender and the type of property.
For Personal Loan:
- Identification Proof:
- Passport
- Driver’s License
- Voter ID Card
- Aadhaar Card
- PAN Card
- Address Proof:
- Utility Bills (electricity, water, gas)
- Rental Agreement
- Passport
- Voter ID Card
- Aadhaar Card
- Income Proof:
- Salary Slips (last 3-6 months)
- Form 16 (for employees)
- Income Tax Returns (last 2-3 years)
- Bank Statements (last 6 months)
- Letter from employer (stating employment details and salary)
- Financial Documents:
- Statement of Assets and Liabilities
- Existing Loan Details (if any)
- Other Documents:
- Passport-sized photographs
- KYC Documents
- Application Form (provided by the bank)
For Business Loan:
- Business Documents:
- Business Registration Certificate (Partnership Deed, Memorandum of Association, Articles of Association, etc.)
- Business PAN Card
- Business Address Proof
- Business Continuity Proof (like sales tax returns, trade license)
- Financial Documents:
- Audited financial statements (Balance Sheet, Profit & Loss statement) for the last 2-3 years
- Bank Statements (last 6-12 months)
- Income Tax Returns of the business (last 2-3 years)
- GST Returns (if applicable)
- Projected Financials (for new businesses or expansions)
- Loan Purpose Documentation:
- Business Plan
- Details of the project for which the loan is sought
- Collateral Documents (if required):
- Title Deeds of property being offered as collateral
- Property valuation reports
- Personal Guarantor Documents (if required):
- Identification and address proofs of the guarantors
- Income proof of the guarantors
- Other Documents:
- Passport-sized photographs
- KYC Documents
- Application Form (provided by the bank)
As with any loan, specific requirements may vary depending on the lender
If any doubt what to collect at customer for their loan needs – Please call or Whatsapp to +91 8015996463 or Mail : apply@ringingnow.com