HOUSING LOAN CHECKLIST NRI

HOUSING LOAN CHECKLIST OF REQUIREMENTS - NRI SALARIED

ALONG WITH APPLICATION

1.  Application Form Duly Filled & Signed.

2.Latest Passport Size Photograph (2 Nos.)

3. IDENTITY,  AGE, SIGNATURE  For both Applicant & Co-applicant

□ Passport copy with complete VISA

4. Address proof for both abroad and local

5. Cheque favoring AXIS BANK LTD towards initial processing fee for Rs 5,515/-.(from NRE/NRI/NRO a/c)

6.INCOME

Salaried

·          Salary Slip of last SIX months showing all deductions along with current Salary Certificate

·          Continuity proof for last 3 years either appointment & relieving letters

·          Bank Statement/Pass book (where salary is credited) for last six months.

·          NRE/NRI/NRO bank statement for last 6 months

·          Copy of Appointment letter (if less than One year in present job)

·          Latest two year W2.

·          Latest CTC.

·          Repayment track record of existing loans-(If any)

·          Company profile (for employees of Pvt. Ltd. Company)

·          Visiting Card of the Customer

6. PROPERTY RELATED

• Khata Certificate.           • Latest Property Tax paid receipt.

• EC for last 13 Years.      • Parent Documents & all Link Documents for 13 Years.

• Approved Plan.              • Receipts towards payment already made.

• Receipts of Betterment Charges paid (if applicable).

• DC conversion order (if applicable).

7. GPA Holder Documents

·          ID, age, signature and address proof.

·          Passport size photograph.

ADDITIONAL FOR SPECIFIC PURPOSES.

Self  Construction :

• Sale / partition / gift / Release Deed executed in favour of Customer.

• Detail Estimate in Engineer’s Letter Head.

Purchase of Old House / Flat :

• Sale Agreement in 0.25% Stamp Paper.

• Title Documents in favour of Seller.

Purchase of New Flat :

• Sale Agreement / Construction Agreement with Builder.

• Total Cost Break up in Builder’s Letter Head.

Direct Allotment from Development Authority :

• Allotment Letter.

• Possession Certificate.

• NOC.

Take over  of  existing Home Loan

• Details of Loan availed.

• Outstanding Loan Balance Letter with Preclosure Charges (If any).

• Letter of Acknowledgement for Deposit of Title Deeds.

NOTE: Spouse to become Co-applicant (incase of Bachelor/ Spinster – Father/Mother to become Co-applicant)

PRE-DISBURSAL

• Loan Documents and accepted Sanction Letter singed.

• 6 Security cheques and ECS from salary account.                  • Margin Money proof

• All original Property Documents.             • All Sanction conditions to be fulfilled.

• Vendor bank A/c No. with Identity proof

All the copies of the documents should be self signed in blue