Home Loan List Of Documents For Self-Employed- Partnership Firm-Builder Case
I) List Of Documents Required For Loan Sanction Process
KYC
1) Pan card copy of all partners.
2) Company pan card copy along with stamp & director signature.
3) Residence proof- copy of passport/electricity bill & Aadhaar card copy.
4) Office proof – copy of electricity bill/telephone bill.
Financial Documents
1) CA certified copies with membership number:
a) 3 years latest financials of the applicant including Saral Copy, computation of income, Balance Sheet, P&L account, Capital Account.
b) 3 years latest financials of all partners including saral copy, computation of income, Balance Sheet, P&L account, Capital Account.
c) Tax Audit Report (Form 3CB & 3CD) (42 Points).
d) Copy of company’s Debtors & Creditors aging 1 Year – if case is booked under banking product.
2) Latest 3 years Form no-26 AS.
3) Latest 1 year Copy of GST returns – 3B form.
4) For rental income receivable- if any:
a) Copy of registered rental agreement.
b) Latest 1 year bank account statement reflecting the rental credit.
5) Latest 12 months bank account statement of all partners.
6) All current account statements of the partnership firm updated for a latest of 18 months.
Other Documents
1) True certified copy of partnership deed.
2) Business/company profile on the letter head of the company.
3) Business proof – GST registration, Ghumastha or Copy of Aadhar Udoyg.
4) Copy of contract letter if received any contracts.
5) If applicant partner is:
a) Chartered Account (CA) – Copy of COP & passing certificate.
b) Doctor – Copy of Degree Certificate.
6) Details of all existing loan along with the sanction letters (for calculating loan obligation) of the applicant.
7) Details of all existing loan along with the sanction letters (for calculating loan obligation) of the partnership firm.
8) Processing fees cheque in favour of bank/NBFC.
9) Bank form duly signed by applicant and co-applicant/partner/company.
II) Legal &Technical Document checklist
If APF- If the project is approved by bank & NBFC, only technical of the property is done & legal is not mandatory.
Documents for technical – cost sheet & approved plan copy from builder.
Documents for legal – Nill.
If NON- APF– If the project is not approved by bank & NBFC, both legal and technical of the property is mandatory.
Documents for technical – cost sheet & approved plan copy from builder.
Documents for Legal – copy of draft agreement from the builder.
Additional documents required from builder on the basis of legal report generated by the lawyer taking draft agreement as a base are: –
1) Sales Deed/Lease Deed/Development Agreement of the builder/society
2) If a development agreement is executed, power of Attorney from Land owner.
3) Chain of agreements from the previous landowner.
4) Layout Copy.
5) Approved Layout and building plans.
6) Commencement Certificate from Municipal Council/Corporation.
7) Completion Certificate.
8) ULC Certificate for Clearance of land under ‘Urban Land Ceiling Act’1976.
9) N.A permission and Latest N.A tax receipt.
10) Property Card / 7/12 Extract.
11) 6D Extract.
12) 8 A Extract, if applicable.
13) If the land is within the Survey Limits, collect the City Survey Extract instead of the 7/12, 6D, 8A.
14) Title and Search Report.
15) Copy of bye laws and registration certificate of the society in case the society is a registered cooperative society.
16) Index 2 issued by the sub registrar.
17) Copy of Draft sale agreement.
18) Partnership deed/MOA/AOA of the builder /Developer.
19) Marketing Brochure / highlights of the project.
20) Copies of Sanction plan with technical request.
21) Carpet and Saleable area Statement.
22) Public Notice and its objection if any.
23) APF application form.
24) Covering Letter indicating the LOD submitted.
25) Cancelled cheques.
26) Construction Schedule.
27) Payment Schedule.
28) RERA Certificate.
III) Disbursement List of Documents
IF APF Project
1) Original Agreement with index2.
2) NOC from Builder.
3) Demand letter from Builder.
4) Payment receipt from Builder.
5) Allotment letter or Possession letter from Builder.
6) Architecture report from Builder.
7) ROC and Lien letter from Builder – if project is fund by bank.
8) OCR clearance. (Own contribution –requires bank statement details & OCR Source confirmation via Email).
9) Docket kit sign duly signed by all partners/ loan applicants.
10) Sanction letter copy duly signed.
11) Facility agreement duly franked and signed.
12) 7 security cheque in favour of Bank.
13) Any other documents as per:
a) Credit Manager’s requirement.
b) Sanction condition on sanction letter.
14) If applicant partner owns < than 51% stake in the company:
a) All partners & partnership firm to be co-applicant in loan.
b) Financials of all partners & partnership firm.
If Non-APF Project
All documents mentioned above in the APF project checklist along with the following two additional documents:
1) Title search Report.
2) Any other documents as per property legal report.
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