HOME LOANS

 
home loan

One of the prerequisites of buying a new property is a home loan. The process of acquiring a home loan can be confusing and tedious. To help the customers with this, Innovative Construction has created a comprehensive guide that offers information on home loans. Browse through this document to gain insight and take the right decision.

 

DOCUMENT CHECK LIST FOR RESIDENT INDIAN HOME LOAN:

KYC Norms (Salaried Employee)
Identity Proof Address Proof
Passport Passport
PAN Card (Both) Electricity Bill
Voter Card Telephone Bill
ID Card Ration Card
Driving Licence Bank Statement (Both)
Letter From Govt Servant / Notary / Gazetted Officer Letter From Employer
  Letter From Govt Servant / Notary / Gazetted Officer
  • Last 3 months Salary Slips
  • Last 6 months Bank statement, where salary credited
  • In case of any ongoing loan, bank statement for the last 6 months from where installment debited.
  • Employment Contract in case current employment less then 1 Yrs old.
  • From 16 for last Yr.
  • One Passport size photograph.
  • Own Contribution Proof. (Some Investment Details-FD,MF,PPF,GOLD etc.)
  • In case loan closed in the last 6 months closure letter.
  • In case loan finishing in the next few months, proof of the same.
  • Processing fee cheque favouring HDFC LTD
  • Marriage cerrtificate
Additional Document can be asked based on the credit requirements of HDFC

PLS NOTE THE RATE OF INTREST IS APPLICABLE TO THE LOAN WOULD BE HDFC.S PREVAILING RATE AT THE TIME OF DISBURSEMENT.

PLS NOTE THAT AS PER MAHARASHTRA STAMP ACT, STAMP DUTY OF 0.20% OF THE LOAN AMOUNT IS TO BE PAID BY THE APPLICANT AT THE TIME OF DISBURSEMENT.