Home Loan List Of Documents For Self-Employed- Proprietorship Firm-Builder CaseBusiness & Finance LibrariesUpdated on Dec 7, 2019 View more like this | Visit India, UN | Contact Ushali Mishra |
Home Loan List Of Documents For Self-Employed- Proprietorship Firm-Builder Case
A home loan builder transaction can either be ready to move or under construction. The document checklist for home loan will differ for APF & Non-APF projects. Checklist under both instances is given below.
A complete document checklist for self-employed proprietor from home loan sanction till disbursement is as follows: -
Sanction List Of Documents
KYC
1) Pan Card copy of all applicants.
2) Latest passport size colour photograph of all applicants.
3) Residence proof – copy of aadhaar and electricity bill.
Financial Documents
1) 3 years latest financials of the applicant with Saral Copy, Balance Sheet, P&L account, Capital Account - CA certified with membership no.
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 the current account (if any).
6) Latest 12 months bank account statement of all savings account.
Other Documents
1) Business profile on the letter head of the company.
2) Business proof – GST registration, Ghumastha or Copy of AAdhar Udoyg.
3) Copy of contract letter if any.
4) If proprietor profile is:
a) Chartered Account (CA) – Copy of COP & passing certificate.
b) Doctor – Copy of Degree Certificate.
5) Details of all existing loan along with the sanction letters (for calculating loan obligation).
6) Processing fees cheque in favour of bank/NBFC.
7) Bank form duly signed by applicant & co-applicant.
Documents For Conducting Legal & Technical Process -Of The Property
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.
Disbursement List of Documents
IF APF Project
1) Original Agreement with index2.
2) NOC from Builder.
3) Demand letter from Builder.
4) Allotment letter or Possession letter from Builder.
5) Payment receipt from Builder.
6) Architecture report from Builder.
7) Copy of ROC and Lien letter from Builder- if project is funded by bank.
8) OCR clearance. (Own contribution –requires bank statement details & OCR Source confirmation via Email).
9) Docket kit duly signed by all applicants.
10) Facility agreement duly franked and signed.
11) Cheque or DD-demand draft towards Administration Fess.
12) Sanction letter copy duly signed.
13) 7 security cheque in favour of Bank.
14) Any other documents as per:
a) Credit Manager’s requirement.
b) Sanction condition on sanction letter.
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.
For More Information Visit- https://www.loanfasttrack.com/
A home loan builder transaction can either be ready to move or under construction. The document checklist for home loan will differ for APF & Non-APF projects. Checklist under both instances is given below.
A complete document checklist for self-employed proprietor from home loan sanction till disbursement is as follows: -
Sanction List Of Documents
KYC
1) Pan Card copy of all applicants.
2) Latest passport size colour photograph of all applicants.
3) Residence proof – copy of aadhaar and electricity bill.
Financial Documents
1) 3 years latest financials of the applicant with Saral Copy, Balance Sheet, P&L account, Capital Account - CA certified with membership no.
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 the current account (if any).
6) Latest 12 months bank account statement of all savings account.
Other Documents
1) Business profile on the letter head of the company.
2) Business proof – GST registration, Ghumastha or Copy of AAdhar Udoyg.
3) Copy of contract letter if any.
4) If proprietor profile is:
a) Chartered Account (CA) – Copy of COP & passing certificate.
b) Doctor – Copy of Degree Certificate.
5) Details of all existing loan along with the sanction letters (for calculating loan obligation).
6) Processing fees cheque in favour of bank/NBFC.
7) Bank form duly signed by applicant & co-applicant.
Documents For Conducting Legal & Technical Process -Of The Property
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.
Disbursement List of Documents
IF APF Project
1) Original Agreement with index2.
2) NOC from Builder.
3) Demand letter from Builder.
4) Allotment letter or Possession letter from Builder.
5) Payment receipt from Builder.
6) Architecture report from Builder.
7) Copy of ROC and Lien letter from Builder- if project is funded by bank.
8) OCR clearance. (Own contribution –requires bank statement details & OCR Source confirmation via Email).
9) Docket kit duly signed by all applicants.
10) Facility agreement duly franked and signed.
11) Cheque or DD-demand draft towards Administration Fess.
12) Sanction letter copy duly signed.
13) 7 security cheque in favour of Bank.
14) Any other documents as per:
a) Credit Manager’s requirement.
b) Sanction condition on sanction letter.
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.
For More Information Visit- https://www.loanfasttrack.com/
