Maximum Age of Building : 25 yrs
Work Experience of atleast : 3 yrs
Business was profitable for the last : 3 yrs

Additional Conditions

Security required : First mortgage OR Pari passu
Collateral required : No
Free Personal Accident cover : Not Provided by company
Free Personal Property Insurance : Not Provided by company
Days taken to process/disburse loan : 15 working days
Indian Residents:
For salaried applicants:
· Latest salary slip/salary certificate, showing all deductions. The salary slip or certificate should be certified by an authorised signatory of the employer
· Employment details for the last three years
· TDS Certificate – Form 16.
For self-employed applicants:
· Copies of Income Tax documents for the last three years i.e. computation of income and Income Tax returns, all certified by a Chartered Accountant
· Copies of the audited financial statements for the last three years, for the Firm/Company where you/your co-applicant are/is a Proprietor/Partner/Director
· A note on the nature of business, form of organisation, clients, suppliers, etc.
· Details of loan(s) availed for business and mode of repayment
· Copy of Partnership Deed

Common to all applicants:
· Statement of bank accounts for the past six months
· Passport-size photographs of your and your co-applicant
· Signature verification from your banker
· Copies of the first six pages of your passport and that of your co-applicant
· Copies of floor plans, title deeds, agreement to sell, etc.
For NRI’s
For salaried applicants:
· Latest salary slip/salary certificate, showing all deductions
· Employment details for the last three years
· Employment contract (If the contract is in a language other than English, an English translation of the same, attested by the Embassy/Employer, should be given)
· Latest work permit
· Identity Card issued by your current employers
· Continuous Discharge Certificate, if you are employed on a ship.

· Common to all applicants:
· Visa stamped on your passport
· First six pages of your passport
· Proof of your foreign address or a copy of your driver’s license
· Valid General Power of Attorney (as per Bank’s format)
· Name and address of a local contact whom we can correspond with regarding your loan application.
Company Profile
Standard Chartered opened its first branch in India in 1854 and is today the largest foreign bank in the country. Australia and New Zealand Banking Group Limited is a large financial institution, with a presence in 40 countries. The Indian subsidiary services over 700,000 customers through its distribution network and a team of over 3,000 staff. With 39 branches in 15 cities in India, the bank provides world-class banking services.

Products:
Home loans to both Indian and NRI customers at floating and fixed rate of interest.
· Loans to construct / buy a new home
· Loans for home extension
· Loans for home repairs
· Loans for purchase of plots
· Loans against mortgage of property

Maximum Age of Building : 35 yrs
Work Experience of atleast : 2 yrs
Business was profitable for the last : No yrs

Additional Conditions

Security required : 1st mortgage only
Collateral required : No
Free Personal Accident cover : Not Provided by company
Free Personal Property Insurance : Not Provided by company
Days taken to process/disburse loan : 15 working days

Other Comments

Other Benefit : Charges of 2% applies for full loan prepayment, part payment has no penalty. No personal guarantor required if you are a salaried employee.

Documents Required Document to be submitted with your application :
Salaried Individual
· Loan application in the Prescribed format.
· Income tax PAN number.
· Income Proof(Any one of the following-ITR/Form NO-16/Salary slip).
· Income Proof of TWO well placed Guarantors.
· Three Passport size Photographs. Bank Statement for last six months.
· Copies of the Title Deeds of the property to be acquired.
Self-Employed Individual
· Loan application in the Prescribed format.
· Income tax PAN number.
· Income Proof(Income-tax Return with Profit & loss A/C & Balance Sheet of last 2 years).
· Income Proof of TWO well placed Guarantors.
· Three Passport size Photographs.
· Bank Statement for last six months.
· Copies of the Title Deeds of the property to be acquired.
LIST OF PROPERTY DOCUMENTS TO BE SUBMITTED BEFORE
DISBURSEMENT OF LOANS: ( but after Sanctioning)
1) Under construction/Direct from Builder
· Original stamped receipt for the payment already made to the Builder.
· Original Agreement with the Builder,duly stamped and registered. (If the same has been received from the Sub-registrar’s office)and the original money receipt issued by the sub-registrar,for the registration fee paid by the Applicant.
· OR Pending Registration, following Documents to be obtained:
· Certified true copy of the agreement with the builder
· Original money receipt issued by the sub-Registrar without having any qualify endorsment.
· Acknowledged copy of the authority letter, addressed by the Applicant to the sub-Registrar requesting him to send the Sale Deed to the Bank/Housing Finance Co.
· No objection Certificate to mortgage the property from the builder on his letterhead as per format.
· Letter from the Builder/Architect indicating the latest progress of construction (for under construction cases)
2) Directly in Registered Co-operative Housing Society
· Original Allotment from society specifying the flat number and cost of the flat allotted.
· No Objection Certificate to mortgage the property from the Society, on their letterhead as per format.
· Original Share Certificate issued by the society (if issued).
3) Purchased in resale
· Where society has not been registered.
· In a registered Co-operative society.
· Previous chain of Sale Agreements (original/copies).
· Present Agreement in original, between the vendor and purchaser duly stamped and registered.
OR Pending registration – following documents to be obtained:
· Certified true copy of the agreement between the vendor and the purchaser.
· Original money receipt issued by the Sub-Registrar without having any qualify endorsment.
· Acknowledged copy of the authority letter, addressed by the Applicant to the Sub-Registrar requesting him to send the Sale Deed to the Bank/ Housing Finance Company.
· No objection Certificate to mortgage the property from the Builder/Society on his letterhead as per format.
· Original Share Certificate issued by the Society.
4) Directly from any Development Authority(CIDCO/MHADA etc.)
· Original Allotment Letter from Development Authority.
· No objection certificate to mortgage the property from the Development Authority as per format.
· Original receipts issued by the Development Authority, for the payments made for the flat.
5) Construction of house on a separate plot of land
· Original registered Sale Deed/Lease Deed/Partition Deed/Gift Deed under which the plot of land has been acquired by you.
· OR Pending registration – following documents to be obtained:
· Certified true copy of the agreement with the Builder/Seller.
· Original money receipt issued by the Sub-Registrar without having any qualify endorsment.
· Acknowledged copy of the authority letter, addressed by the Applicant to the Sub-Registrar requesting him to send the Sale Deed to the Bank/ Housing Finance Company.
· Original receipts for the payment made for the plot, if separately available.
· All previous documents of title in respect of the plot in your possession.
· 7/12 extract of property card as applicable for the property along with the record of rights in Form No.5. Index if N.A.permission & latest N.A. tax receipt Title report for the property under consideration.
· Detailed estimate of the cost of the project.
· Approved building plans.

Company Profile
The State Bank of India is the largest commercial bank in India in terms of profits, assets, deposits, branches and employees. At March 31, 2000, the Bank had total assets of Rs 2,615.05 billion (US$59.95 billion), total deposits of RS 1,968.21 billion (US$45.12 billion). With a domestic network of 8998 branches, the Bank commanded about one-fifth of deposits and loans of all scheduled commercial banks in the country.The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India.The RBI holds 59.7% of the equity of the company and there are over 7.5 lac shareholders.A network of eight Indian Banking Subsidiaries of the Bank, comprising seven Associate Banks and SBI Commercial and International Bank Ltd., are engaged in the business of commercial banking in the country. The Bank also provides financial services through its Non-Banking Subsidiaries, including merchant banking services, fund management, leasing and factoring services, and primary dealing in government securities.
SBICAPS, the Bank’s merchant banking subsidiary, continued its dominance in the capital market. The Bank’s fund management subsidiary is India’s second largest asset management company, next to the UTI. At the core of the Bank’s commercial banking business is its nationwide network of 8998 branches at March 31, 2000, by far the largest branch network of any bank in India. The Bank’s domestic branches represent approximately 14% of all bank branches in India. About 46% of the Bank’s branches are located in rural areas, 27 % in semi-urban areas and 16% and 11% are located in urban and metropolitan areas respectively. This widespread branch network enables the Bank to raise a substantial and stable deposit base, to provide a wide range of lending products and other financial services and to diversify lending risks geographically as well as by type of credit risk and customer. The Bank’s ability to diversify and enhance the quality of service related to its deposit taking as well as its lending activities and other financial services is a fundamental strength of the Bank.
Products:
Home loans to both Indian and NRI customers at floating and fixed rate of interest.
· Loans to construct / buy a new home
· Loans for home extension
· Loans for home repairs
· Loans for purchase of plots
· Loans against mortgage of property

Other Comments

Other Benefit :No loan repayment for the first 6 months. Life insurance cover upto the amount of the loan for the entire tenure of the loan must be taken else interest rate charged goes up by 0.25%.

WHAT ARE THE SUPPORTING DOCUMENTS REQUIRED WHILE APPLYING FOR THE LOAN?

Common requirements for all applicants.
a. Application form duly filled in.
b. Copy of sanctioned plan and sanction letter.
c. Copy of NA permission.
d. One guarantor form and his salary certificates in our format. If guarantor is in business,copies of I. T. returns or assessment orders for the last three years are required.
e. Bank Pass-book or statements for the last two years.
f. Ration Card.
Additional Requirements
(For salaried persons)
- Employer’s salary certificate in our format/and latest salary slip/ 3 years IT returns
- Identity card of applicant/s.
- TDS certificate of applicant/s.
- PF/ESIS slip of applicant/s.

(For businessmen / self-employed)
Three years’ income tax returns/assessment orders, computation of income and statements of accounts certified by C. A.
(In case of purchase from builder)
- Copy of Agreement for sale.
- Copy of registration receipt.
- Copy of sanctioned plan & sanction letter of the competent authorities.
- Copy of NA permission/ULC order.
- Copies of receipts of payments already made.
- NOC from builders in our format.

(In case of direct allotment in a Co-operative Housing Society)
- Allotment letter.
- Share certificate.
- Society registration certificate.
- Copy of sale/lease deed in favour of the society.
- NOC from society in our format.

(In case of direct allotment to a Co-operative Housing Society by MHADA.)
- Lease Agreement.
- NOC from MHADA in favour of LICHFL
- MHADA’s approved list of members.
- NOC from society in our format.

(In case of resale.)
- Copy of all previous vendors’ agreements duly stamped and registered and the registration receipts.
- NOC from Society/Builder in our format.
- Original Share Certificate.

( Requirement in case of AFNHB)
- Tripartite Agreement.
- Original allotment letter.

Before disbursal the following original documents will be required
a) Chain of documents for the last 12 years ( Title clearance)
b) Encumbrance certificate for the last 15 years
c) Proof of investment of margin money
d) Deed of guarantee
e) Promissory note
f) Policy duly signed
g) Fire and property policy

Company Profile

Set up under the Companies Act, 1956. Incorporated on 19th June, 1989 and recognised by National Housing Bank. The company has about 25% market share in the housing finance industry. A wide network in the Industry with 67 Area/Unit Offices plus 6 Regional Offices across the length and breadth of the country and about 5000 LIC Agents trained for housing finance. Today the Company has a proud group of over 5.90 lakh prudent house owners who have enjoyed the Company’s financial assistance. The company has so far sanctioned over Rs.133 Billion (Rs.13300 Crores) and disbursed Rs.117 Billion (Rs.11700 Crores).

Products:
Home loans to both Indian and NRI customers at floating and fixed rate of interest.
· Loans to construct / buy a new home
· Loans for purchase of a second home ( Bridge Loans)
· Loans for home extension
· Loans for home repairs
· Loans for purchase of plots
· Loans against mortgage of property
· Loans to Corporate bodies (Public Limited Companies/Public Sector undertakings) for Staff Quarters.
· Loans to Corporate bodies (Public Limited Companies / Public Sector undertakings) for onward lending to employees to construct /purchase residential house/flat on ownership basis (Line of Credit “TO”) and Loans to individual employees of the Company as guaranteed by the Employer (Line of Credit “THROUGH”).
· Loans to Companies for office Premises
· Loans to Co-Operative Societies – Loans to individual members of Co-operative housing societies formed by employees of Public Sector Undertaking / Public Limited Companies with guarantee of the Undertaking.
· Loans to Public Agencies like Housing Boards etc., for residential housing projects.
· Bridge Loans to reputed Developers/Builders for housing projects.

Maximum Age of Building : 30 yrs
Min. Disp Income : Rs 144000
No. of years after establishment of the business : 3 yrs
Annual Sales : Rs 144000
Business was profitable for the last : No yrs

Additional Conditions

No. of guarantors required : 1
Security required : Equitable mortgage
Collateral required : No
Refinance Charge : 2%
Free Personal Accident cover : Provided by company
Free Personal Property Insurance : Not Provided by company
Days taken to process/disburse loan : 15 working days

Other Comments

Other Benefit : Free accident cover

Company Profile
The Kotak Mahindra Group Kotak Mahindra is one of India’s leading financial institutions, offering complete financial solutions that encompass every sphere of life. From Banking, to Stock Broking, to Mutual Funds, to Life Insurance, to Investment Banking, the company caters to the financial needs of individuals and corporates. Kotak has a group net worth of around Rs.1,400 crore and currently employs over 2,500 dedicated employees in its various businesses. With a presence in about 50 locations in India and offices in New York, London, Dubai and Mauritius, the group currently services a customer base of over 5,00,000. The group has international partnerships with Goldman Sachs (one of the world’s largest investment banks and brokerage firms), Ford Credit (one of the world’s largest dedicated automobile financiers) and Old Mutual (a large insurance, banking and asset management conglomerate). Kotak Home Loans offer you simple ways to pay for that house you’ve been saving up for along with the flexibility of tenure, amount and payment options. Upgrading to a more spacious home is easier than ever before and the speed of Kotak Home Finance ensures you move without a hitch. Finally you can own the home you always wanted
Products:
Home loans to both Indian and NRI customers at floating and fixed rate of interest.
· Loans to construct / buy a new home
· Loans for home extension
· Loans against mortgage of property

List of the property documents to be submitted by the borrowers :
PLEASE NOTE –
1) You must retain photocopies of all original documents being submitted by you for your own future reference.
2) You may be asked to submit further legal documents if required by the ICICI or their approved lawyers.

Documents common for all cases
· Original stamped receipts for the payments already made to the builder / seller, till date.
· 37 I Clearance from the appropriate Income Tax authorities if, applicable.
· List of additional amenities from builder where applicable.
Documents for specific cases
1) Underconstruction / Direct from Builder
· Original Agreement with the builder, duly stamped and registered (if the same has been received from the Sub-registrar’s office) and the original money receipt issued by the Sub-registrar, for the registration fee paid by the applicant.
OR
Pending Registration, following documents to be obtained :

· Certified true copy of the agreement with the builder.
· Original money receipt issued by the Sub-Registrar.
· Acknowledged copy of the authority letter, addressed by the applicant to the Sub-Registrar (Draft 1 attached).
· Copy of the letter acknowledged by the builder/reseller in case he or his representative did not accompany applicant to Sub-Registrar’s office to admit registration (To be taken if applicable) (Draft 6 attached).
· No Objection Certificate from the builder on his letterhead. (Draft 2 attached).
· Letter from the builder/architect indicating the latest progress of construction for under construction cases.

2) Directly in Registered Co-operative Housing Society
· Original Allotment letter from society specifying the flat number and cost of the flat allotted.
· No Objection Certificate from the society, on their letterhead, (Draft 3 attached).
· Original share certificate issued by the society (if issued)
3) Purchased in resale –
1) where society has not been registered
2) In a registered co-operative society :
· Previous chain of Sale Agreements, (original / copies).
· Present Agreement in original, between the vendor and purchaser duly stamped and registered.
OR
Pending registration – following documents to be obtained:

o Certified true copy of the agreement between the vendor and the purchaser.
o Original money receipt issued by the Sub-Registrar.
o Acknowledged copy of the authority letter, addressed to the Sub-Registrar, (Draft 1 attached).
o Copy of the letter acknowledged by the builder/reseller in case he or his representative did not accompany applicant to Sub-Registrar’s office to admit registration (To be taken if applicable) (Draft 6 attached).
· No Objection certificate from the builder/society, (Drafts 4 and 5 attached)
· Original share certificate issued by the society (copy of original not yet transferred).

4) Directly from any Development Authority
· Original allotment letter from the Development Authority.
· No objection certificate from the Development Authority (as per their own format).
· Original receipts, issued by the Development Authority, for the payments made for the flat.
5) Construction of house on a separate plot of land
· Original registered Sale deed / Lease deed / Partition deed / Gift deed under which the plot of land has been acquired by you
OR
· Pending Registration, following documents to be obtained
o Certified true copy of the agreement with the builder/seller.
o Original money receipt issued by the Sub-Registrar.
o Acknowledged copy of the authority letter addressed by the applicant to the sub-Registrar (Draft 1 attached).
o Copy of the letter acknowledged by the builder/reseller in case he or his representative did not accompany applicant to Sub-Registrar’s office to admit registration (To be taken if applicable) (Draft 6 attached).
· Original receipts for the payment made for the plot, if separately available.
· All previous documents of title in respect of the plot in your possession.
· 7/12 extract of Property card as applicable for the property along with the record of rights in Form No. 6.
· Index II
· N. A. permission & latest N. A. tax receipt.
· Title report for the property under consideration.
· Detailed estimate of the cost of the project.
· Approved building plans.
Any other legal document required by ICICI or ICICI’s approved lawyers in order to certify a clear title.
Company Profile

The Industrial Credit and Investment Corporation of India Limited (ICICI) was founded by the World Bank, the Government of India and representatives of private industry on January 5, 1955 to encourage and assist industrial development and investment in India. Over the years, ICICI has evolved into a diversified financial institution. ICICI’s principal business activities include medium-term and long-term project financing for the infrastructure and manufacturing sectors, corporate finance to meet the treasury requirements of Indian companies, lease finance as well as a comprehensive range of financial and advisory services.The liberalisation of the Indian economy in the 1990s offered ICICI an opportunity to provide a wider range of financial services. For regulatory and strategic reasons, ICICI set up specialised subsidiaries in the areas of commercial banking, investment banking, non-banking finance, investor servicing, broking, venture capital financing and state-level infrastructure financing.
Products:
Home loans to both Indian and NRI customers at floating and fixed rate of interest.
· Loans to construct / buy a new home
· Loans for home extension
· Loans against mortgage of property

Documents
INDIAN RESIDENT
FOR ALL APPLICANTS:
1. Allotment letter of the co-operative society/association of apartment owners.
2. Copy of approved drawings of proposed construction/purchase/extension.
3. Agreement for sale/sale deed/detailed cost estimate from architect/engineer for the property to be purchased/constructed/extended/renovated.
4. If you have been in your present employment/business or profession for less than a year, mention details of occupation for previous 5 years, giving position held, reasons for change and period of the same.
5. Applicable Processing Fees.
6. Any other information regarding your repayment capacity that is necessary and will assist HDFC in appraising the case.
Additionally,
For EMPLOYED:
1. Verification of Employment Form with only Part I filled in.
2. Latest salary slip/salary certificate showing all deductions.
3. If your job is transferable, permanent address where correspondence relating to the application can be mailed.
4. A letter from your employer agreeing to deduct the monthly installment towards repayment of the loan from your salary. This will expedite the processing of your loan application.
For SELF-EMPLOYED:
1. Balance Sheets and Profit & Loss Accounts of the business/profession along with copies of Individual Income Tax Returns for the last three years certified by a Chartered Accountant.
2. A note giving information on the nature of your business/profession, from of organisation, clients, suppliers, etc.

FOR NRI’s
The following documents are to be submitted along with the application:
1. Employment / Residency related documents:
Photo copies of :
a) Employment contract (if the contract is in a language other than English, an English translation of the same attested by the Embassy/Employer should be given).
b) Latest salary slip.
c) Latest work permit.
d) Identity card issued by current employers.
e) Visa stamped on the passport.
f) Continuous Discharge Certificate (CDC) – (if applicable).
g) Overseas Bank Account Statement for the last four months.
2. Property Related Documents:
a) Receipts for payments made for purchase of the dwelling unit.
b) Copy of approved drawings of proposed construction/purchase/extension.
c) Agreement for sale/sale deed/detailed cost estimate from Architect/Engineer for property to be purchased/constructed/extended.
d) Allotment letter from the co-operative society/association of apartment owners.

Company Profile
Incorporated in 1977 with a share capital of Rs. 10 crores, HDFC has since emerged as the largest residential mortgage finance institution in the country. Promoted by the Industrial Credit and Investment Corporation of India, with initial equity investments from the International Finance Corporation and the Aga Khan Foundation, the corporation has had a series of share issues raising its capital to Rs. 119 crores. The net worth of the corporation as at March 31, 1999 is Rs. 1,972 crores.

Products:Home loans to both Indian and NRI customers at floating and fixed rate of interest.
· Loans to construct / buy a new home
· Loans for home extension
· Loans for home repairs
· Loans for purchase of plots
· Loans against mortgage of property

DOCUMENTS TO BE SUBMITTED ALONG WITH LOAN APPLICATION FOR PURCHASE OF HOUSES
1. A copy of the building plan inclusive of site plan approved by the Corporation / Municipality / Development Authority / Panchayat as required.
2. Valuation Certificate from a qualified Civil Engineer Value in our prescribed format.
3.A copy of the building tax receipt.
4. A copy of the Agreement for sale.
5. A copy of the title deed of the present owner (Original to be shown for verification).
6. Original and photostat copies or certified copies of the parent documents including release deed, power of attorney, if any, linking the chain of transactions for a minimum period of 15 years, (Original will be returned after verification).
7. No Encumbrance Certificate in original from the Sub Registrar for a period of 13 years from 1.1.85.
8. Land tax receipt for the current financial year in the name of the present owner in original.
9. Possession certificate and Location certificate from village office.
10. Applicant’s latest attested salary slip / salary certificate / last three years income tax returns.
11. Personal guarantees along with latest attested salary slip / salary certificate / proof of income.
12. Any other document / documents as may be required and called for by CFHL.

After the sale deed is executed, the Original deed along with no encumbrance certificate for the balance period till date of mortgage should be submitted.

Company Profile
Can Fin Homes is the first and the biggest among the Housing Finance Companies sponsored by a bank. The company has been sponsored by Canara Bank who are the major equity holders of the company with HDFC, UTI, National Housing Bank as co-sponsors. Can Fin Homes focuses on putting people before money. The entire paper work and loan sanction process is designed to be much swifter and less cumbersome to the customer. They can provide assistance almost anywhere in India, Can Fin Homes has one of the wide network of 43 branches across the country and has serviced over 165000 customers since inception.
Facts and figures : ( as at March 2004 )Loan approvals of Rs. 3125 crores. Loan disbursements of Rs. 2670 crores Deposit base of Rs. 406 crores Clientele over 165000
Products:Home loans to both Indian and NRI customers at fixed/ floating rate of interest.
· Home Construction Loan
· Home Purchase Loan
· Home Extension Loan
· Home Renovation Loan
· Composite Housing Loan
· Site Purchase Loan
· Personal Loan (Only for existing customers.)

Relaxable conditions ( on a case – to – case basis)

Maximum Age of Building : 35 yrs
Work Experience of atleast : 2 yrs
Min. Disp Income : Rs 100000
No. of years after establishment of the business : 3 yrs
Annual Sales : Rs 85000
Business was profitable for the last : 3 yrs

Additional Conditions

Security required : 1st mortgage only
Collateral required : No
Free Personal Accident cover : Not Provided by company
Free Personal Property Insurance : Provided by company
Days taken to process/disburse loan : 15 working days

Other Comments

Other Benefit : No guarantor needed for taking loan.

Citibank profile
Documents Required Document to be submitted with application :
For preapproval only (property yet to be located) :
For all applicants/co-applicants :
· Loan application Copy of tax documents for the last two years . (i.e. Income Tax and Wealth Tax returns, statement of wealth if not a Wealth Tax assessee, assessment orders).
· Copy of latest statement of credit cards and car loans.
· Copy of overdraft / cash credit account statements for the last 1 year.
· Two passport sized photographs
· Copy of two positive identifications (passport, driving license, ration card, credit card).
· Signature verification from your banker .
· Copy of insurance policies with latest premium receipt .
· Statement of repayment plan with documentary proof of wealth .
· Statement of bank a/c for the last one year .
If you are employed :
· Salary and TDS certificates .
· Latest Pay slip .
· Letter from Employer (as per format) .
· If job is transferable, proof of permanent residence .
If you are self-employed :
· A note on your business (track record for professionals) .
· Copy of audited financial statements for the last two years .
· List including address and contact person of top five clients .
For approval and disbursal (property already located) :
· All documents mentioned under preapproval above .
· If you are also taking financial assistance for the property from any source other than the bank, then details of that facility .
· Allotment letters and / or Bye-laws of the co-operative society / association of apartment owners .
· Photocopies of title deeds, Agreement to sell, Encumbrance certificate etc. with a title search certificate from an approved lawyer .
For self construction:
· Approved plans and clearance certificates along with estimates .
LIST OF PROPERTY DOCUMENTS TO BE SUBMITTED BEFORE
DISBURSEMENT OF LOANS: ( but after Sanctioning)
1) Under construction/Direct from Builder
· Original stamped receipt for the payment already made to the Builder.
· Original Agreement with the Builder,duly stamped and registered. (If the same has been received from the Sub-registrar’s office)and the original money receipt issued by the sub-registrar,for the registration fee paid by the Applicant.
· OR Pending Registration, following Documents to be obtained:
· Certified true copy of the agreement with the builder
· Original money receipt issued by the sub-Registrar without having any qualify endorsment.
· Acknowledged copy of the authority letter, addressed by the Applicant to the sub-Registrar requesting him to send the Sale Deed to the Bank/Housing Finance Co.
· No objection Certificate to mortgage the property from the builder on his letterhead as per format.
· Letter from the Builder/Architect indicating the latest progress of construction (for under construction cases)
2) Directly in Registered Co-operative Housing Society
· Original Allotment from society specifying the flat number and cost of the flat allotted.
· No Objection Certificate to mortgage the property from the Society, on their letterhead as per format.
· Original Share Certificate issued by the society (if issued).
3) Purchased in resale
· Where society has not been registered.
· In a registered Co-operative society.
· Previous chain of Sale Agreements (original/copies).
· Present Agreement in original, between the vendor and purchaser duly stamped and registered.
OR Pending registration – following documents to be obtained:
· Certified true copy of the agreement between the vendor and the purchaser.
· Original money receipt issued by the Sub-Registrar without having any qualify endorsment.
· Acknowledged copy of the authority letter, addressed by the Applicant to the Sub-Registrar requesting him to send the Sale Deed to the Bank/ Housing Finance Company.
· No objection Certificate to mortgage the property from the Builder/Society on his letterhead as per format.
· Original Share Certificate issued by the Society.
4) Directly from any Development Authority(CIDCO/MHADA etc.)
· Original Allotment Letter from Development Authority.
· No objection certificate to mortgage the property from the Development Authority as per format.
· Original receipts issued by the Development Authority, for the payments made for the flat.
5) Construction of house on a separate plot of land
· Original registered Sale Deed/Lease Deed/Partition Deed/Gift Deed under which the plot of land has been acquired by you.
· OR Pending registration – following documents to be obtained:
· Certified true copy of the agreement with the Builder/Seller.
· Original money receipt issued by the Sub-Registrar without having any qualify endorsment.
· Acknowledged copy of the authority letter, addressed by the Applicant to the Sub-Registrar requesting him to send the Sale Deed to the Bank/ Housing Finance Company.
· Original receipts for the payment made for the plot, if separately available.
· All previous documents of title in respect of the plot in your possession.
· 7/12 extract of property card as applicable for the property along with the record of rights in Form No.5. Index if N.A.permission & latest N.A. tax receipt Title report for the property under consideration.
· Detailed estimate of the cost of the project.
· Approved building plans.
Company Profile
Products:Home loans to Indian customers at floating rate of interest.
· Loans to construct / buy a new home
· Loans against mortgage of property
· Refinance an existing Loan