We require the following documents to sanction your home loan:


Sanction Documents:

• Duly Completed Application Form
• Photograph
• Fee Cheque
• Photo Identity Proof
• Age Proof
• Signature Verification Proof
• Residence Address proof
  

Documents specific for Salaried:

• Last 3 months salary slip
• Form 16/I.T.R
• Bank Statement of last 6 month from Salary account
• Repayment track record of existing loan/Loan closure letter
  

Documents specific for Self Employeed:

• Income Tax Return / Computation of Total Income / Auditors Report / Balance Sheet / Profit & Loss Account certified by Chartered Accountant for last 2 years (3 years for Home Equity) (both for business and personal of partners/directors)
• Bank Statement for last 6 month from operating account
• Repayment Track record of existing loans / Loan closure letter
• Board Resolution in case of a company
• Proof of existence
• Office Address Proof
• Photo Identity Proof, Residence Address Proof, Signature Verification is required to be provided for all the main partners / directors.

Disbursement of your Home Loan

At P S FINANCIAL SERVICES we disburse the loan amount after you identify and select the property or home that you are purchasing and submit the requisite legal documents.

While you may be under the impression that the list of documents asked for is rather extensive, please note that it is for your own good. Each and every single document asked for will be verified and checked to ensure your safety.

This may take some time but we want to ensure a clear title and will complete all the legal and technical verifications to ensure that you have full rights to your home.

Your loan will be disbursed after you identify and select the property or home that you are purchasing and on your submission of the requisite legal documents.

The 230 A Clearance of the seller and / or 37I clearance from the appropriate income tax authorities (if applicable) is also needed.

On satisfactory completion of the above, on registration of the conveyance deed and on the investment of your own contribution, the loan amount (as warranted by the stage of construction) will be disbursed by bank.

Disbursement Documents

• Property documents (as per P&D for respective states and as asked by empanelled lawyers for individual cases)
• Facility Agreement
• Disbursal Request Form
• Cheque Submission Form – for Pre EMI and EMI cheques
• ECS or Auto Debit for ICICI Bank account holders or Post Dated Cheques for EMI / Pre EMI
• Personal Guarantor's Documents (PG Form, Photograph, Identity Proof, Address Proof, Signature Verification and Income documents, if applicable)

In case of property is owned by a company:

• Memorandum of Entry
• Form 8
• NOC

Some documents are specific to each state. For further information, please contact the nearest office.