Loan against property for Self-Employed Documentation

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Identity (any one): valid passport, PAN Card, driving licence, photographs, aadhar card, defence/government ID card with photo, name, date of birth and address,

Residence proof (any one):

  • Valid passport, PAN Card, driving licence, photographs, aadhar card, defence/government ID card with photo, name, date of birth and address,
  • Telephone bill, electricity bill, mobile bill, water bill, piped gas bill, bank statement, not less than 3 months old for any of them
  • Defence/government ID card with address
  • Letter from ward officer in charge of electoral rolls,  or residential certificate from Municipal corporation not less than 3 months old
  • Passport as valid overseas address proof for expats/FRRO certificate
  • Property purchase agreement not less than 3 months old with positive CPV

Signature verification (any one):

  • Valid passport
  • PAN Card with website validation
  • PF cheque clearance
  • Bank signature verification

Relationship proof if there are co-applicants:

  • PAN Card,
  • Passport

Office address proof (any one)

  • Telephone bill, water bill, electricity bill, none of them less than 3 months old
  • VAT/Sales tax/service tax registration certificate
  • Professional tax certificate
  • Current account statement, not less than 3 months old
  • Shops & establishment certificate
  • Factory registration certificate
  • SEBI registration for brokers

Existence Proof (any one) if office address proof is not available

  • Shops & establishment certificate
  • Factory registration certificate
  • SEBI registration for brokers
  • VAT/Sales tax/service tax registration certificate

Property documents:

Approved map

Sale deed and previous chain links with particulars of registration

In case you apply for construction loan for fixture/fittings/construction/renovation purposes:

  • A Proprietor of business must submit last 3 years ITR with computation of income,
  • Last 3 years P&L account and balance sheet with all schedules, list of sundry debtors and creditors self attested as well as attested by CA
  • If applicable, tax audit reports with form 3CD for last 3 years
  • Provisional financials where applicable
  • Sales tax/VAT, service tax return where applicable
  • Bank statement of current/OD-CC for last 6 months
  • Business profile on letterhead

Address proof proprietorship (any two):

  • Registration certificate for registered firm
  • Shops & establishments registration certificate
  • VAT/Sales tax/service tax/import-export/professional tax certificates and returns as applicable
  • Income-tax returns
  • License from authorities like IMA, Food & Drug Controller, ICSI, ICAI, ICWA
  • Letter from banker confirming proprietorship
  • Cheque for Processing fees

In case of partnerships:

  • Last 3 years’ ITR with computation of income, P&L account, Balance sheet with all schedules, schedule of creditors and debtors, attested by CA and by self
  • Provisional financials and service/sales tax returns where applicable
  • Current account/OD-CC account statement for last 6 months
  • Savings account for each partner for last 6 months
  • ITR with computation of returns for each individual partner
  • All partnership deeds
  • Partnership authority letter in DB format
  • Business profile on letter head
  • Cheque for processing fee

In case of private limited company

  • ITR with computation of income, P&L account, Balance sheet with all schedules and list of sundry creditors and debtors, attested by self and by CA
  • Last 3 years tax audit reports with form 3CD
  • Provisional financials where applicable
  • Sales tax/VAT/service tax returns where applicable
  • Bank account statement/OD-CC statement for last 6 months
  • Savings account statement for last 6 months for all individual directors
  • ITR with computation of income for last 3 years for all directors
  • Memorandum and Articles of association
  • Shareholding pattern on letterhead, certified by CA
  • List of directors on letter head certified by CA
  • Form 32 for appointment and resignation of directors
  • Resolution of Board on company letterhead
  • Business profile on letterhead
  • Cheque for processing fee

Rental Income:

  • Rent agreement
  • Bank statement showing rent credited
  • Documents of ownership of property rented out
  • Balance transfer

List of property documents

  • Latest foreclosure letter
  • Track record letter
  • Latest Statement of account from which repayment will be made
  • Details of all running loans and sanction letters
  • Sanction letter in respect of OD-CC limit
  • Bank statement of repayment account

In case of self employed professionals:

  • A letter stating end use in case of application for top-up, Loan against property or refinance
  • Proof of qualification in respect of lawyers, doctors and CA
  • Kimberley certification in case applicant is a diamond merchant

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