Mortgage loan documents checklist 2022

In the loan against property application process, mortgage loan documentation are crucial.

The bank obtains your KYC, income, and property records in order to verify the loan applicant's and property's validity.

Documents for a loan against property, on the other hand, differ based on the lender and the individual necessity.

Here is a list of key documents for land loans that banks and financial institutions will want in order to process your loan against property application.

Application Form with photo and signed by Primary Borrower and Co-borrower(s) Identity Proof of Primary Borrower and Co-borrower(s)

1. KYC Documents for Applying for Property Loan

Residential Address proof of Primary Borrower and Co-borrower(s) – Any one of passport, landline bill, registered rent agreement, driving license, bank statement or passbook or utility bill.

2. Income Documents Required for Applying for Loan Against Property

Last 3 years Form 16, Last 6 months salary slip Last 6 months bank account statement showing salary credit Last 12 months bank account statement (self and business)

Last 3 years ITR (self and business)  Profit and loss account, Balance sheets  Certified/audited by a CA.  Certificate and Proof of Business Existence and Business Profile

3. Property Documents for Loan Against Property   Registered Sale Deed/ Conveyance/ Lease Deed  Latest utility bill    Past Sale Deeds Chain (each transaction in respect of this property since first allotment)    Latest House Tax Return/ Receipt

4. Documents for Transfer of Loan Against Property   Loan statement (loan track) and list of property documents (LOD) in possession of existing lender   Last 12 months statement of bank account from which loan EMI is paid

5. Additional Loan Property Documents Required For Self Employed/ Professionals/SMEs  Income statements like past 3 months salary slips and 6 months bank statements.  All financial documents to be attested by CA and Previous 12 loan statements (if loan taken)