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Documents Required for Applying for a Home Loan

Owning a home is a dream for many people, and to make that dream a reality, you might need a home loan. If you are wondering u201cHow do I apply for a home loan,u201dthe process is quite simple. You can apply for a home loan online and submit all the necessary documents to the lenderu2019s website for a seamless home-buying experience. To secure a home loan, NBFCs require specific property documents to assess your financial credibility. Letu2019s take a look at the required documents.

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Documents Required for Applying for a Home Loan

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  1. Documents Applying for a Home Loan Required for Owning a home is a dream for many people, and to make that dream a reality, you might need a home loan. If you are wondering “How do I apply for a home loan,”the process is quite simple. You can apply for ahome loan online and submit all the necessary documents to the lender’s website for a seamless home-buying experience. To secure a home loan, NBFCs require specific property documents to assess your financial credibility. Let’s take a look at the required documents. Application Form The first step in how to apply for a house loan is to fill out a home loan application form with correct, complete, and up-to-date information. The form should be duly signed by all applicants, acknowledging that all the information provided is accurate.

  2. Property Documents When you apply for a home loan, the NBFCs need to know that the property is legally clear, has a proper title, and has no disputes. To verify this, you need to submit property documents like the sale agreement, encumbrance certificate, NOC form builder, letter of allotment, and property tax receipts. Know Your Customer Documents NBFCs require valid identity and address proof to verify the personal details. Acceptable documents for the identity verification include PAN card, Aadhar card, voter ID, passport, or driving licence. For address

  3. proof, an Aadhar card, a rent agreement, a passport, or utility bills (gas, electricity, and water) are required. Income Documents Your income details help the NBFCs evaluate your repayment capacity. Salaried individuals have to submit salary slips (3-6 months), Form 16 or income tax returns, and bank statements. Self-employed individuals have to submit an income tax return along with a financial statement, a bank statement, and GST returns. About Sammaan Capital Sammaan Capital Limited is a mortgage-focused NBFC. With more than 200 branches nationwide, it offers quick, convenient, and competitive home loans. Additionally, the company also offers loans to MSMEs/small businesses as working capital. Sammaan Capital is dedicated to building a more inclusive financial future, where every individual can easily access reliable financial services.

  4. Website- https://www.sammaancapital.com/home-loan

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