{"id":270,"date":"2020-06-14T08:50:21","date_gmt":"2020-06-14T08:50:21","guid":{"rendered":"https:\/\/www.loanfasttrack.com\/blog\/?p=270"},"modified":"2020-06-14T08:50:21","modified_gmt":"2020-06-14T08:50:21","slug":"home-loan-salaried-list-of-documents-builder-case","status":"publish","type":"post","link":"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-salaried-list-of-documents-builder-case\/","title":{"rendered":"Home Loan Salaried List Of Documents \u2013 Builder Case"},"content":{"rendered":"\n

Sanction\nProcess<\/strong><\/p>\n\n\n\n

Find below the list of documents\nrequired for sanction process. <\/p>\n\n\n\n

1) Applicant and\nCo-Applicant\u2019s photograph.                                                        <\/p>\n\n\n\n

2) Applicant and Co-Applicant\u2019s pan\ncard copy.<\/p>\n\n\n\n

3) Applicant and Co-Applicant\u2019s residence\nproof electric bill & adhar card copy.<\/p>\n\n\n\n

4) Latest 4 months salary slips.<\/p>\n\n\n\n

5) Latest 6 months bank account\nstatements. <\/p>\n\n\n\n

6) Latest 2 years Form 16.<\/p>\n\n\n\n

7) Latest 1 year bonus copy. <\/p>\n\n\n\n

8) If receiving rental income \u2013\nregistered rental agreement copy & 12 months rental credit statement.<\/p>\n\n\n\n

9) One cheque favouring bank name\ntowards the processing fees from the salary account.<\/p>\n\n\n\n

Legal\n& Technical Process<\/strong><\/p>\n\n\n\n

If APF-<\/strong> If the project\nhas APF No <\/strong>that is if the project is\napproved by the lender bank & NBFC, only technical of the property is done\n& legal is not mandatory.  <\/p>\n\n\n\n

Documents required for technical \u2013\ncost sheet & approved plan copy from builder.<\/p>\n\n\n\n

Document required for legal \u2013 Nill.<\/p>\n\n\n\n

If NON- APF<\/strong>– If the project\nis not approved by the lender bank & NBFC both legal and technical of the\nproperty is mandatory. <\/p>\n\n\n\n

Documents required for technical \u2013\ncost sheet & approved plan copy from builder.<\/p>\n\n\n\n

Document required for Legal \u2013 copy of\ndraft agreement from the builder.<\/p>\n\n\n\n

On the basis of draft agreement a\nlawyer\u2019s opinion is taken on non-APF project and the lawyer makes a legal\nreport for the property which demands certain copies of documents from the\nbuilder. Such lists of copies demanded from the builder are: <\/p>\n\n\n\n

1) Sales Deed\/Lease\nDeed\/Development Agreement of the builder\/society<\/p>\n\n\n\n

2)\nIf a development agreement is executed, power of Attorney from Land owner.<\/p>\n\n\n\n

3)\nChain of agreements from the previous landowner.<\/p>\n\n\n\n

4)\nLayout Copy.<\/p>\n\n\n\n

5)\nApproved Layout and building plans.<\/p>\n\n\n\n

6)\nCommencement Certificate from Municipal Council\/Corporation.<\/p>\n\n\n\n

7)\nCompletion Certificate.<\/p>\n\n\n\n

8)\nULC Certificate for Clearance of land under \u2018Urban Land Ceiling Act\u20191976.<\/p>\n\n\n\n

9)\nN.A permission and Latest N.A tax receipt.<\/p>\n\n\n\n

10)\nProperty Card \/ 7\/12 Extract.<\/p>\n\n\n\n

11)\n6D Extract.<\/p>\n\n\n\n

12)\n8 A Extract, if applicable.<\/p>\n\n\n\n

13)\nIf the land is within the Survey Limits, collect the City Survey Extract\ninstead of the 7\/12, 6D, 8A.<\/p>\n\n\n\n

14)\nTitle and Search\nReport.<\/p>\n\n\n\n

15) Copy of bye laws and registration certificate of the society in\ncase the society is a registered cooperative society.<\/p>\n\n\n\n

16)\nIndex 2 issued by the sub registrar.<\/p>\n\n\n\n

17)\nCopy of Draft sale agreement.<\/p>\n\n\n\n

18)\nPartnership deed\/MOA\/AOA of the builder \/Developer.<\/p>\n\n\n\n

19)\nMarketing Brochure \/ highlights of the project.<\/p>\n\n\n\n

20)\nCopies of Sanction plan with technical request.<\/p>\n\n\n\n

21)\nCarpet and Saleable area Statement.<\/p>\n\n\n\n

22)\nPublic Notice and its objection if any.<\/p>\n\n\n\n

23)\nAPF application form.<\/p>\n\n\n\n

24)\nCovering Letter indicating the LOD submitted.<\/p>\n\n\n\n

25)\nCancelled cheques. <\/p>\n\n\n\n

26)\nConstruction Schedule.<\/p>\n\n\n\n

27)\nPayment Schedule.<\/p>\n\n\n\n

28)\nRERA Certificate.<\/p>\n\n\n\n

Disbursement\nProcess<\/strong><\/p>\n\n\n\n

If\nAPF<\/strong><\/p>\n\n\n\n

The lists of documents required for\nthe disbursement of the loan in case of APF project are:-<\/p>\n\n\n\n

1) Original Agreement with index2.<\/p>\n\n\n\n

2) NOC from Builder.<\/p>\n\n\n\n

3) Demand letter from Builder.<\/p>\n\n\n\n

4) OCR clearance. (Own contribution\n\u2013required bank statement details & Source).<\/p>\n\n\n\n

5) Docket kit sign and franking 0.2%\nof loan amount.<\/p>\n\n\n\n

6) If project is fund by the bank- ROC\nand Lien letter from Builder.<\/p>\n\n\n\n

7) Payment receipt from Builder.<\/p>\n\n\n\n

8) Architecture report from Builder.<\/p>\n\n\n\n

9) Allotment letter or Possession\nletter from Builder.<\/p>\n\n\n\n

10) 7 security cheque in favour of Bank.<\/p>\n\n\n\n

11) Administration Fess \u2013clearance by\ncheque or DD-demand draft.<\/p>\n\n\n\n

12) Facility agreement duly franked\nand signed.<\/p>\n\n\n\n

13) Sanction letter copy duly signed.<\/p>\n\n\n\n

14) Administration Fess \u2013clearance by\ncheque or DD-demand draft.<\/p>\n\n\n\n

15) 7- Security mandate cheque in\nfavour of Bank.<\/p>\n\n\n\n

If\nNon-APF<\/strong><\/p>\n\n\n\n

1) Original Agreement with index2.<\/p>\n\n\n\n

2) NOC from Builder.<\/p>\n\n\n\n

3) Demand letter from Builder.<\/p>\n\n\n\n

4) OCR clearance. (Own contribution\n\u2013required bank statement details & Source).<\/p>\n\n\n\n

5) Docket kit sign and franking 0.2%\nof loan amount.<\/p>\n\n\n\n

6) If project is fund by the bank- ROC\nand Lien letter from Builder.<\/p>\n\n\n\n

7) Payment receipt from Builder.<\/p>\n\n\n\n

8) Architecture report from Builder.<\/p>\n\n\n\n

9) Allotment letter or Possession\nletter from Builder.<\/p>\n\n\n\n

10) 7 security cheque in favour of\nBank.<\/p>\n\n\n\n

11) Administration Fess \u2013clearance by\ncheque or DD-demand draft.<\/p>\n\n\n\n

12) Facility agreement duly franked\nand signed.<\/p>\n\n\n\n

13) Sanction letter copy duly signed.<\/p>\n\n\n\n

14) Any other documents as per property\nlegal report.<\/p>\n\n\n\n

15) Cheque or DD-demand draft towards\nAdministration Fess. <\/p>\n\n\n\n

16) Title\nsearch Report.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sanction Process Find below the list of documents required for sanction process. 1) Applicant and Co-Applicant\u2019s photograph.                                                        2) Applicant and Co-Applicant\u2019s pan card copy. 3) Applicant and Co-Applicant\u2019s 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. …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-270","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/comments?post=270"}],"version-history":[{"count":1,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/270\/revisions"}],"predecessor-version":[{"id":271,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/270\/revisions\/271"}],"wp:attachment":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/media?parent=270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/categories?post=270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/tags?post=270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}