Home Loan Salaried List Of Documents – Builder Case
Sanction Process
Find below the list of documents required for sanction process.
1) Applicant and Co-Applicant’s photograph.
2) Applicant and Co-Applicant’s pan card copy.
3) Applicant and Co-Applicant’s residence proof electric bill & adhar card copy.
4) Latest 4 months salary slips.
5) Latest 6 months bank account statements.
6) Latest 2 years Form 16.
7) Latest 1 year bonus copy.
8) If receiving rental income – registered rental agreement copy & 12 months rental credit statement.
9) One cheque favouring bank name towards the processing fees from the salary account.
Legal & Technical Process
If APF- If the project has APF No that is if the project is approved by the lender bank & NBFC, only technical of the property is done & legal is not mandatory.
Documents required for technical – cost sheet & approved plan copy from builder.
Document required for legal – Nill.
If NON- APF– If the project is not approved by the lender bank & NBFC both legal and technical of the property is mandatory.
Documents required for technical – cost sheet & approved plan copy from builder.
Document required for Legal – copy of draft agreement from the builder.
On the basis of draft agreement a lawyer’s opinion is taken on non-APF project and the lawyer makes a legal report for the property which demands certain copies of documents from the builder. Such lists of copies demanded from the builder 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.
Disbursement Process
If APF
The lists of documents required for the disbursement of the loan in case of APF project are:-
1) Original Agreement with index2.
2) NOC from Builder.
3) Demand letter from Builder.
4) OCR clearance. (Own contribution –required bank statement details & Source).
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) Administration Fess –clearance by cheque or DD-demand draft.
15) 7- Security mandate cheque in favour of Bank.
If Non-APF
1) Original Agreement with index2.
2) NOC from Builder.
3) Demand letter from Builder.
4) OCR clearance. (Own contribution –required bank statement details & Source).
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) Any other documents as per property legal report.
15) Cheque or DD-demand draft towards Administration Fess.
16) Title search Report.