123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Writing >> View Article

Documents Needed To Procure A Home Loan

By Author: Inr Credit
Total Articles: 30

Now that you have made up your mind to buy your dream home, it is fairly obvious that you will start searching the internet now for best possible offers. The search engines are flooded with banks and financing institutions which offer you home loans. It is hence important to visit these websites and get an estimate of interest rates and other relevant information. Sometimes there are different clauses for particular type of homes and that needs to be kept in mind. For example, interest rates may vary if you are taking a home loan on mcd house. The rates may also vary on the kind of loan you are taking. For instance, a loan against property is relatively cheaper as compared to any other loan. You can check an online loan against property eligibility calculator to check your eligibility.

After a thorough research you can take forward your process for applying for home loan. But the most crucial part in the process is documentation. Missing out on one important document can lead to a rejection of loan or unnecessary delay.

The first thing to do, hence, is to fill out the application form. Check out the official site of your lender and get the list of mandatory documents required. Some main documents are PAN card, proof of identity and income proof. Every bank has their own specific list of documents depending on purpose of loan, tenure and applicant’ work category.

Home loan for salaried person

salaried applicants need to submit their salary slip of past three months along with salary certificate, proof of job continuity as well as form 16 for the last two years. They also need to submit bank statement for last 6 months, a copy of appointment letter if the employment tenure is less than a year along with a company profile if you work in a private limited company.

Home loan for self - employed

Self-employed people need to submit further additional information to get their home loan. They need to provide a business profile on the company’s letter head, proof of income tax returns for last three years along with a computation of income from a certified chartered accountant. These documents must be accompanied with profit and loss account and balance sheets of last one year along with a copy of professional certificate, wherever applicable.

Source: http://www.article.org.in/article.php?id=118057

Total Views: 45Word Count: 391See All articles From Author

Writing Articles

1. 4 Reasons Why You Get Blocked From Following On Instagram?
Author: Neil Pullman

2. Online Casino Bonuses With A Secret
Author: Elen Yankovskaya

3. 6 Things You Should Do For Content Marketing Strategy
Author: Ananth Prasath

4. Are You Exhausted Handling Your Marketing Campaigns? Time To Hire A Professional
Author: SocioXpert

5. Our Ambitious Team Of Writers And Editors Drill Down For The Latest News Trends.
Author: Daniel Marsh

6. Cdr Writing Help Provides Complete Information About Cdr Report
Author: Andrew Robert

7. All The Serious Objections To Writing Funny Emails
Author: Hr Jerry

8. Event Ticket Printing
Author: Sign Printing

9. Sign Printing
Author: Sign Printing

10. Major Companies Based In Kolkata
Author: RoomsXpert

11. How To Create A Plot Outline?
Author: Miguel Fernandez

12. Check Out These 7 Unavoidable Ms Word Formatting Tips For Dissertation:
Author: Miguel Fernandez

13. Dependable Content Creation Companies You Can Rely On!
Author: Bessie Exum

14. Website Copywriting: Seven Vital Mistakes To Avoid
Author: Dany Singshore

15. 3 Biggest Reasons For The Popularity Of Dankest Memes On The Internet
Author: Steven Bergeron

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: