Sunday, 12 August 2018

Documentary Requirements for Applying for a Home Loan

1) Proofs of Identity of Borrower and CO- Borrower, if any
2) Proofs of Residency
3) Proofs of Income / Source of Repayment
4) Filled up Bank Forms for Home Loan Application and Data Privacy Consent
5) Documents of Property  to be Financed: Title or TCT/CCT, Tax Declaration, Updated Tax Receipts, Location Map, and Building Plan, - If your property has a developer tie-up accreditation with your Bank, your developer will submit these
6) Proof of Payment of Bank Fees
7) Upon approval: Mortgage Redemption Insurance and Property Insurance
8) Post Dated Checks or have an Auto-debit Arrangement for your Savings/Currrent account to pay-off monthly amortization