Repco Home Finance Home Loan

Repco Home Finance

Check Features

  • Housing loans for the purpose of construction or purchase of a residential property
  • Loan Quantum upto 85% for Construction of residential house/flat & 80% for purchase of residential house/flat.
  • Loan tenure – Maximum 20 years

 

Documents

A. Personal documents

  • For applicant and co-applicant/s all the papers shall be submitted in original.
  • Two passport size photos of the applicant, co-applicants and the guarantors, if any
  • Age proof - passport / school certificate / employer certificate
  • Address proof - passport / ration card / election id card / employer ID/Aadhar card
  • Last six months bank a/c statement for applicant and co-applicant

B. Income documents

If salaried

  • salary slip for latest 3 months
  • salary certificate
  • form 16 or it returns with income computation for latest 3 years

If non – salaried

  • IT returns with computation of income for latest 3 years of the concern/firm/company and the individual
  • audited financial statements of the concern/firm/company for latest 3 years
    write up about the business
  • Details of credit facilities availed by the individual as well as concern/firm/company from any bank or financial institution.
  • Partnership deed, if applicable. All the income paper copies should be duly attested by your auditor along with seal and membership number

Guarantor details:

  • Duly filled and signed guarantor form, one photograph/identity card xerox/pay slip/salary certificate/form 16/IT ack xerox

C. For purchase of existing house / apartment

  • Sale agreement
  • Draft sale deed (to be approved by our panel lawyer)
  • Approved plan and permit
  • latest property tax receipts
  • Prior title documents (parent deeds) for latest 25 years 
  • ITclearance or appropriate authority clearance, whichever applicable patta

D. For purchase of new apartment

  • Sale agreement for undivided share of land
  • Construction agreement between the customer and the builder
  • Registered sale deed for the undivided share of land.
  • Other parent documents pertaining to the property for at least 25 years
  • IT clearance or appropriate authority clearance, whichever is applicable patta

E. Self construction / extension / repairs

  • Sale deed in favour of the customer
  • Approved plan and permit 
  • Prior title documents for latest 25 years
  • Estimation of construction duly attested by chartered engineer or approved architect patta
    latest property tax receipt
  • In case of property purchased from statutory authority, improvement trusts, housing boards etc.
  • Allotment letter issued by the authority
  • Allocation letter 
  • Receipts of payments made to the authority.
  • Permission to mortgage
  • Non-encumbrance/no dues certificate, if applicable

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