what to prepare for housing loan approval ?

Housing loan, A unique offer to those customers who are ready to settle in their property or offer to the candidate who want to build own home. So before Getting loan form any financial institutions/Home loan lenders or from any banks we need to prepare few things (Documents and eligibility criteria). Banks/financial institutions will approve our loans on the basis of the list of our documents and our eligibility

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On the basis of eligibility, you keep depositing documents related to your identity and residence address in the bank. Salaried employees have to submit their salary slip for information related to their income and the photocopies of those salary parchies, which have been deducted in the last six months, have to be deposited in the bank. Bank statement: You have to submit your bank statement for the last six months also. 

It reflects your financial profile, activity related to business, if there is no maintenance bounced or minimum balance in bank account with self-employed, average monthly balance, saving and spending habits, as well as information on lapses Proof of age: You must also submit your age proof. Your Aadhar Card, School Leaving Certificate, A copy of the passport, ration card, PAN card, driving license or a voting card will be available. The buyer has to present income proof whether he is in the job or self-employed if you are employed, you will have to pay a slip with your last three months’ salary made by your employer who can produce Income Tax Return (ITR) as a proof of their income.

Employment details: Generally, the employment of an employee and income check for approving housing loans is done through salary slips of three to six months. Many times, the bank asks for a letter from the appointment letter or the employer who certifies them with their employment status. Address proof: A power bill or phone bill from a public-sector enterprise is acceptable as a proof of residence.

Your Aadhar Card and Driving License are also accepted as proof of address. Anyone can furnish bank details by mentioning one's address as proof of residence. Photo ID proof: The document issued by any government that contains your photo has been accepted as a photo ID proof.

Documents Required for Housing Loans

• Proof of educational qualifications - Proof of Educational Qualification
• Identity proof - Identity card (Aadhar card, pan card, Voter card...Any of these)
• Age proof-age proof
• Employment details - Detailed information on employment
• Income proof - Proof of income.
• Details about the property if finalized - details of the property (if in the final form)
• Bank statements - bank statements