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Home > Construction Loans > Documents
Documents for Construction Loan
Loan Application Intervi..

Loan DocumentHaving homed in on the bank and the type of loan you require now comes the toughest part of how to get a loan. Getting a loan isnt like taking a walk in the park. The bank requires a plethora of documents for ascertaining your credentials and details of the plot/house/flat. Heres a sample of what you need to produce to get your loan:
Common (for salaried as well as self-employed borrowers)

  • Proof of Age
  • Proof of Residence
  • Photograph
  • Bank Statements for the past six months

For salaried borrowers

  • Latest salary slip or statement
    Form 16

For self-employed borrowers

  • Income Tax returns for the last 3 years
  • Balance sheet for the last 3 years
  • P&L accounts for the last 3 years
  • Tax challan for the last 3 years
  • Flat and house
  • Sales affidavit/ letter of allotment in case of society or association of persons
  • Original vendor`s sale deed
  • Original sale agreement
  • Income Tax clearance as the case may be
  • Encumbrance certificate.

Only providing these documents wont be enough to fetch you your loan. You probably in most cases have to pass an additional test: the loan interview. This although is not practiced with very strict norms but is certain parcel your loan package.

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