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Getting a home loan is not easy ... you go to a bank; apply for the loan and the next day the money is transferred in your account. The process requires collateral and a list of documents for home loan approval.
Let us tell you this will be a tough task if you are unaware of the documents required for verification. You may face confusion while arranging them as there’s not one or two but more than 15. And if you miss any, you may not get the loan.
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List Of Important Documents Required For Home Loan
1. If You Are A Salaried Professional
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[Note: You need to submit self-attested softcopy or hardcopy of these original documents]
In case, your home is under construction then no need to submit the property registration document. A processing fee cheque and last 6 months statement of bank will also be required for home loan approval.
2. If You Are Self-Employed/Businessman
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3. Documents For Home Loan For NRIs
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• Loan statement in case he/she has an existing loan or previous loan not older than 1 year
If you don’t fall in either category of salaried and non-salaried employee then simply show your bank statement as proof of income.
Keep ready a copy of all the documents for home loan approval before applying so that you don’t struggle at that time. Those who are applying in same bank where they have account may not need to produce a copy of all these documents.
Ask your bank service provider for details.
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