Home Loan List Of Documents For Self-Employed- Private Limited Company-Builder Case
I) Checklist for loan sanction.
II) Documents required for legal and technical – (For APF & Non- APF projects).
III) Document checklist for disbursement process.
I) Checklist for Loan Sanction
KYC
1) Company pan card copy along with stamp & director signature.
2) Self attested Pan card copy of all directors.
3) One Passport size colour photograph of all applicants.
4) Copy of residence proof (passport/electricity bill & Aadhaar card copy) of all directors.
5) Copy of office proof (electricity bill/telephone bill).
6) Pan card of shareholders having minimum stake of 51%.
Financial Documents
1) CA certified copies with membership number:
a) 3 years latest financials of the company including Saral Copy, computation of income, Balance Sheet, P&L account, Capital Account.
b) 3 years latest financials of all directors including saral copy, computation of income, Balance Sheet, P&L account, Capital Account.
c) Company Annual report.
d) Directors report.
e) Auditor Report and Annexure to auditor’s report.
f) Tax audit report (Form 3CB & 3CD) (42 Points) -If applicable.
g) Copy of company’s Debtors & Creditors aging 1 Year – if case is booked under banking product.
2) Latest 12 months bank account statement of all directors.
3) Latest 18 months bank account statements of all current accounts of the company.
4) Latest 3 years Form no-26 AS.
5) Latest 1 year Copy of GST returns – 3B form.
6) Director’s self attested copies of: –
a) Latest 4 months salary slips.
b) Latest 2 years form 16.
c) Updated salary credit statement for 6 months.
d) For any rental income receivable b y the director:
i) Copy of registered rental agreement.
ii) Latest 1 year rental credit – bank account statement.
Other Documents
1) MOA & AOA of the company.
2)) List of directors and share holding of the company- CA certified.
3) Business/company profile on the letter head of the company.
4) Business proof – GST registration, Ghumastha or Copy of Aadhar Udoyg.
5) Copy of contract letter- if any.
6) If applicant Director is:
a) Chartered Account (CA) – Copy of COP & passing certificate.
b) Doctor – Copy of Degree Certificate.
7) Details of all existing loan along with the sanction letters (for calculating loan obligation) of the applicant-director.
8) Details of all existing loan along with the sanction letters (for calculating loan obligation) of the company.
9) Processing fees cheque in favour of bank/NBFC.
11) Bank form duly signed by applicant (director) and co-applicant/directors/company.
12) Any other documents as required by the credit manager.
II) Checklist For Legal &Technical Document
For APF Projects- APF means where the builder project is approved by bank & NBFC
Documents required for technical – cost sheet & approved plan copy from builder.
Documents required for legal – Nill. (Legal is not mandatory in APF projects).
For NON- APF Projects – Non-APF means where the builder project is not approved by bank & NBFC. Under such cases both legal and technical of the property is mandatory.
Documents required for technical – cost sheet & approved plan copy from builder.
Documents required for Legal – copy of draft agreement from the builder.
On the basis of draft agreement a lawyer makes the property’s legal report. The legal report may demand for additional documents from builder. List of such additional documents required would be:
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) Checklist For Disbursement Process
IF APF Project
1) Original Agreement with index2.
2) NOC from Builder.
3) Demand letter from Builder.
4) OCR clearance. (Own contribution –requires bank statement details & OCR Source confirmation via Email).
5) Docket kit sign and franking 0.2% of loan amount.
6) If project is fund by the bank- ROC and Lien letter from Builder.
7) Payment receipt from Builder.
8) Architecture report from Builder.
9) Allotment letter or Possession letter from Builder.
10) 7 security cheque in favour of Bank.
11) Administration Fess –clearance by cheque or DD-demand draft.
12) Facility agreement duly franked and signed.
13) Sanction letter copy duly signed.
14) Cheque or DD-demand draft towards Administration Fess.
15) Any other documents as per:
a) Credit Manager’s requirement.
b) Sanction condition on sanction letter.
16) 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 documents:
1) Title search Report.
2) Any other documents as per property legal report.
Note: 1) All documents have to self -attested by respective, applicants & Co-applicants.
2) All property owners have to be on the loan structure.
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