Most people in our country need some kind of financial support for buying a property. Good thing is that today, people have an easy way of solving the problem of finances – home loans. Most of the leading banks these days are helping the consumers with easy home loans so that they can buy a roof over their head.
However, getting a home loan is not just about the finances. Besides financials, there are some things that are of utmost priority when dealing with such legal issues – these are the documents. Your documents are a solid proof and are of utmost important in such matters.
Bhatia Real Estate is among the best property dealers offering low budget flats in Chandigarh Zirakpur. We are one such company providing the best residential along with complete guidance to the consumers. Below we list few important documents that are a prerequisite while applying for a home loan or making any property purchase-
For Salaried Individuals – for people who are employed and looking for a loan, need a few documents for an approval. These are few documents that are necessary to carry while applying for the loan –
• Proof of both identity and residence – Valid Passport, Adhaar Card, Voter ID Card, or Driving License.
• Proof of Income – Last 3 months salary slip, Last 6 months Bank statement showing salary credits, and latest forms and IT returns.
• Other Documents – Employment contract/Appointment letter in case of less than 1-year employment, last 6 months bank statements showing repayment of any ongoing loans, and Passport size photograph of all applicants/co-applicants to be affixed on the Application form and signed across.
• Property Related Documents – Copy of allotment letter/ buyer agreement and receipts of payments made to the developer.

For Self-Employed Individuals – people who are running any business need to submit the beneath mentioned documents of applicants/co-applicants for the approval of the loan –
• Proof of both identity and residence – Valid Passport, Adhaar Card, Voter ID Card, or Driving License.
• Proof of Income – Income tax returns of last 3 years, Profit and loss account statement with last 3 years balance sheets, and current account statement of the business entity of 6 months along with saving account statement of the individual.
• Other Documents – Business profile, latest form 26 AS, Memorandum and articles of association of the company, List of directors and shareholders along with their individual shareholding certifies by a CA/CS if the business is a company, Partnership deed, details of ongoing loans of the individual and the business with outstanding amount, instalments, security, purpose, balance loan term, and passport size photo of applicants/co-applicants.
• Property Related Documents – Copy of allotment letter/ buyer agreement, and receipts of payments made to the developer.
Property dealer in Zirakpur – Bhatia Real Estate believes that people should keep all the above mentioned documents handy while applying for a home loan. A home loan can only be approved if you have these documents. It should be noted that in some cases, more documents can be also asked for, as per the terms and conditions of the concerned bank.