{"id":290,"date":"2020-06-17T17:06:55","date_gmt":"2020-06-17T17:06:55","guid":{"rendered":"https:\/\/www.loanfasttrack.com\/blog\/?p=290"},"modified":"2020-06-17T17:06:55","modified_gmt":"2020-06-17T17:06:55","slug":"list-of-documents-for-commercial-loan-for-self-employed-proprietorship-firm-resale-case","status":"publish","type":"post","link":"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/list-of-documents-for-commercial-loan-for-self-employed-proprietorship-firm-resale-case\/","title":{"rendered":"List Of Documents For Commercial Loan\u2013For Self-Employed \u2013Proprietorship Firm-Resale Case"},"content":{"rendered":"\n

I) List Of\nDocuments Required For Loan Sanction Process<\/strong><\/h4>\n\n\n\n

KYC<\/strong><\/p>\n\n\n\n

1) Pan Card copy\nof the applicant and co-applicant. <\/p>\n\n\n\n

2) Latest\npassport size colour photograph of applicant and co-applicant. <\/p>\n\n\n\n

3) Residence\nproof \u2013 copy of aadhaar and electricity bill.<\/p>\n\n\n\n

Financial Documents<\/strong><\/p>\n\n\n\n

1) 3 years latest\nfinancials of the applicant with Saral Copy, Balance Sheet, P&L account,\nCapital Account – CA certified with membership no.<\/p>\n\n\n\n

2) Latest 12\nmonths bank account statement of the current account.<\/p>\n\n\n\n

3) Latest 12\nmonths bank account statement of all savings account.<\/p>\n\n\n\n

4) Latest 3 years\nForm no-26 AS.<\/p>\n\n\n\n

5) Latest 1 year\nCopy of GST returns \u2013 3B form.<\/p>\n\n\n\n

6) For rental\nincome receivable- if any:<\/p>\n\n\n\n

a) Copy of\nregistered rental agreement.<\/p>\n\n\n\n

b) Latest 1 year\nbank account statement reflecting the rental credit.<\/p>\n\n\n\n

7) Debtors &\nCreditors statement aging for 1 year-CA certified.<\/p>\n\n\n\n

Other Documents<\/strong><\/p>\n\n\n\n

1) Business\nprofile on the letter head of the company.<\/p>\n\n\n\n

2) Business proof\n\u2013 GST registration, Ghumastha or Copy of Aadhar Udoyg.<\/p>\n\n\n\n

3) Copy of\ncontract letter if received any contracts.<\/p>\n\n\n\n

4) If proprietor\nprofile is:<\/p>\n\n\n\n

            a) Chartered Account (CA) \u2013 Copy of\nCOP & passing certificate.<\/p>\n\n\n\n

            b) Doctor \u2013 Copy of Degree\nCertificate.<\/p>\n\n\n\n

5) Details of all\nexisting loan along with the sanction letters (for calculating loan\nobligation). <\/p>\n\n\n\n

6) Bank form duly\nsigned by applicant & co-applicant.<\/p>\n\n\n\n

7) Processing\nfees cheque in favour of bank\/NBFC.<\/p>\n\n\n\n

II) Legal &Technical Document checklist<\/strong><\/h4>\n\n\n\n

1) Copy of Prior chains\nof agreement.<\/p>\n\n\n\n

2) Draft\nagreement copy.<\/p>\n\n\n\n

3) Copy of Index\n2.<\/p>\n\n\n\n

4) OC-Occupancy\ncertificate\/CC (completion certificate) + approved Plan copy of the project.<\/p>\n\n\n\n

5) Latest copy of\nproperty maintenance bill.              \n                     \n  <\/p>\n\n\n\n

6) Copy of Share\ncertificate.<\/p>\n\n\n\n

 7) Copy of society registration\ncertificate. <\/p>\n\n\n\n

Disbursement List of Documents<\/strong><\/p>\n\n\n\n

1) Original prior\nchain of agreement with stamp duty done &registration paid along with the\ncopy of index 2. <\/p>\n\n\n\n

2) Occupation\nCertificate i.e. OC copy.<\/p>\n\n\n\n

3) Original share\ncertificate (front & back-both) – if issued.<\/p>\n\n\n\n

4) Disbursement\nkit duly signed by the applicant & Co-applicant.<\/p>\n\n\n\n

5) NOC from\nBuilder & Society (signed by chairmen & secretary). <\/p>\n\n\n\n

6) Property tax\nreceipt for latest month.<\/p>\n\n\n\n

7) Society\nRegistration Copy.<\/p>\n\n\n\n

8) Facility\nagreement duly franked and signed.<\/p>\n\n\n\n

9) Resale\naffidavit agreement to be notarized and signed.<\/p>\n\n\n\n

10) 7- Security\nmandate cheque in favour of Bank.<\/p>\n\n\n\n

11) Cheque or\nDD-demand draft towards Administration Fess. <\/p>\n\n\n\n

12) Seller\nDetails & Documentation \u2013 Seller\u2019s self attested pan card copy, aadhaar\ncard copy & 3 months bank account\nstatement along with bank\u2019s format of Seller Verification duly signed. <\/p>\n\n\n\n

13) For CIDCO\/MHADA Property<\/p>\n\n\n\n

            a) Copy of conveyance deed &\nOriginal NOC & transfer letter from CIDICO\/ MHADA if    conveyance deed is executed.<\/p>\n\n\n\n

            b) Copy of tri-party agreement &\nlease agreement – if conveyance deed is not executed. <\/p>\n\n\n\n

14) For Seller BT\n\u2013 (Seller BT- property purchase from seller who is having existing loan on the\nsame property). <\/p>\n\n\n\n

            a) Seller BT KIT duly franked &\nsigned by the borrower.       <\/p>\n\n\n\n

            b) Copy of Original LOD (list of\ndocument) & foreclosure letter is mandatory.<\/p>\n\n\n\n

15) Any other\ndocuments as per:<\/p>\n\n\n\n

            a) Credit Manager\u2019s requirement.<\/p>\n\n\n\n

            b) Property Legal report.<\/p>\n\n\n\n

            c) Sanction condition on sanction\nletter.<\/p>\n\n\n\n

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

If you are looking for housing loan guidance for your property\npurchase in Mumbai, visit Loanfasttrack on <\/strong>https:\/\/www.loanfasttrack.com\/<\/strong><\/a>.\nLoanfasttrack provides you hassle free services at your doorsteps with\ncomparative evaluations of more than 13+ top banks, with no additional cost.\nYou can also contact us on 9321020476 or\nemail on <\/strong>info@loanfasttrack.com<\/strong><\/a>. <\/strong><\/p>\n\n\n\n

About Loanfasttrack<\/a>–\nLoanfasttrack is a Mumbai based loan provider company since 2015 offering loan services in Mumbai on– housing loan in Mumbai, mortgage loan in Mumbai, personal loan in Mumbai<\/a>, business Loan<\/a>, unsecured business loans<\/a>, home loan transfer<\/a>,\ntop-up loans, car loans<\/a>,\neducational loans and loan transfers.<\/p>\n\n\n\n

It also helps you:<\/p>\n\n\n\n

\u221a <\/strong>To\nfind the best bank for home loan<\/a><\/p>\n\n\n\n

\u221a <\/strong>To\nget lowest home loan rates in\nMumbai<\/a><\/p>\n\n\n\n

\u221a <\/strong>To\nget an instant loan in Mumbai<\/a><\/p>\n\n\n\n

\u221a <\/strong>To\nget instant personal loan in Mumbai\n& business loan in Mumbai<\/a><\/p>\n\n\n\n

\u221a<\/strong> To\nmake you qualify for the maximum loan against property\neligibility<\/a><\/p>\n\n\n\n

\u221a <\/strong>To\nget a low cost home loan balance\ntransfer<\/a><\/p>\n\n\n\n

\u221a<\/strong> To\nget assured low interest rates for loan against property in\nMumbai<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I) List Of Documents Required For Loan Sanction Process KYC 1) Pan Card copy of the applicant and co-applicant. 2) Latest passport size colour photograph of applicant and co-applicant.  3) Residence proof \u2013 copy of aadhaar and electricity bill. Financial Documents 1) 3 years latest financials of the applicant with Saral Copy, Balance Sheet, P&L …<\/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-290","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/290","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=290"}],"version-history":[{"count":1,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/290\/revisions"}],"predecessor-version":[{"id":291,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/290\/revisions\/291"}],"wp:attachment":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/media?parent=290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/categories?post=290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/tags?post=290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}