{"id":277,"date":"2016-12-06T07:02:53","date_gmt":"2016-12-06T07:02:53","guid":{"rendered":"https:\/\/homefirstindia.com\/?post_type=article&p=277"},"modified":"2024-06-13T13:17:44","modified_gmt":"2024-06-13T13:17:44","slug":"documents-required-home-loan-sanctioned","status":"publish","type":"article","link":"https:\/\/homefirstindia.com\/gu\/blog\/article\/documents-required-home-loan-sanctioned\/","title":{"rendered":"Documents Required Once The Home Loan is Sanctioned"},"content":{"rendered":"

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Home Loans help to fulfil all housing account-related needs. However, they need certain archives to make sure of the borrower. Additionally, home loans are verified loans. In that capacity, the moneylenders need to have the <\/span>property documents<\/b> before they endorse the loan. Various banks have their own particular necessities, criteria and records required.<\/span><\/p>\n

There are numerous reasons why individuals move their home loan starting with one money-related establishment then onto the next. The most noticeable explanation is the lower interest rate which spares the cost of borrowing. You should recognize the goal of moving the loan before really doing it. The procedure of home loan parity move isn’t very different than applying for the home loan. That is the motivation behind why the documentation part is significant for moving the home loan starting with one monetary establishment then onto the next. The procedure incorporates the documentation as well as the approval of archives. The records are approved by the bank or NBFC that you apply to.<\/span><\/p>\n

The following are the documents required once the home loan is sanctioned.<\/span><\/p>\n

Under construction property<\/b><\/h4>\n
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  1. HomeFirst Finance Company<\/b><\/a> Loan Agreement (self-attested copy)<\/span><\/li>\n
  2. Receipts of down payments made to the builder (in original)<\/span><\/li>\n
  3. Construction agreement<\/b><\/a> (in original)<\/span><\/li>\n
  4. Agreement for sale (in original)<\/span><\/li>\n
  5. No objection certificate from the builder<\/span><\/li>\n<\/ol>\n

    Construction completed<\/b><\/h4>\n
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    1. Sale deed (in original)<\/span><\/li>\n
    2. Payment receipts from the builder (in original)<\/span><\/li>\n
    3. PDCs\/ECS mandates<\/span><\/li>\n<\/ol>\n

      \u00a0The documents of the applicant will describe if he\/she will able to repay the loan amount or not. The prerequisite key documents for home loan transfers are the following:<\/span><\/p>\n