The documents required while applying for loan against property are similar to those for Home Loans except for the bank's instance that the property be registered in the borrower's name. The lender may also ask for a declaration that the property has a clear title and is free of all litigations. Finally, the bank would need a third party valuation of your property.
List of Documents for Salaried Person.
1) 2 Photograph.
2) Pan, Aadhar Card & Passport copy.
3) Latest residency Electricity Bill.
4) Appointment Letter.
5) Company ID Card.
6) Salary Slip (three Month Latest ) .
7) Form-16 Last 2 Year.
8) Last 1 Year updated bank statement (Salary reflected).
9) All loans sanction letters closure letter. (if any previous or current loans).
PROPERTY PAPER:-
1) Previous Chain of Agreements.
2) Share Certificate Copy.
3) Latest Maintenance Copy
4) OC or Blue print.
5) Latest Electricity Bill.
Documents For Partnership Firm
Financial Documents – Partnership
1. Latest 2 year's IT Returns and Computation of Income – Individual and firm for main partners
2. Latest 2 Yrs P&L Account Statement – Individual and firm
3. Latest 2 Yrs Balance Sheet with all schedules – Individual and firm
4. Bank statement – Main Current A/c for latest 6 months.
5. Bank statement – Main Savings A/c for latest 6 months.
6. Tax audit reports with form 3CD if sales turnover is > 40 lacs. (The same is acceptable in lieu of 2, 3 above for the firm)
7. Partnership deed and supplementary deeds for any change in constitution
III. Documents – Partnership`
KYC Proof |
Other Documents |
||
Address proof (Copy of any one) - |
Existence proof/Partnership proof (Copy of any one) – |
Individual Documents.
Individual ITR for last 2 years.
Latest Six months Bank Statement.
Pan Card and Adhhar Card.
GST Certificate
Documents of Private Limited Company
Financial Documents – Pvt. Ltd COMPANY.
1. Latest 2 year's IT Returns and Computation of Income.
2. Latest 2 Yrs P&L Account Statement.
3. Latest 2 Yrs Balance Sheet with all schedules.
4. Bank statement – Main Current A/c for latest 6 months.
5. Bank statement – Main Savings A/c for latest 6 months.
6. Tax audit reports with form 3CD if sales turnover is > 40 lacs. (The same is acceptable in lieu of 2, 3 above for the firm)
7. MOA, AOA & Latest SHAREHOLDING patterns on company letterhead.
III. Documents – Pvt. Ltd COMPANY.
KYC Proof |
Other Documents |
||
Address proof (Copy of any one) - |
Existence proof/Partnership proof (Copy of any one) – |