15 Must Have Documents Required for Home Loan in 2021
- Loan application form.
- 3 photographs passport sized.
- Identify proof.
- Residence proof.
- Bank Account Statement/Passbook for last 6 months.
- Signature verification by bankers of the applicant.
- Liabilities statement and Personal Assets.
- Property detailed documents.
Moreover, can I get home loan for plot and construction?
Loans are granted under Composite loan scheme only if the Applicant is intending to complete the construction within 3 years from the date of plot purchase. Maximum 60% of the sanctioned amount to be utilized towards purchase of plot and balance amount should necessarily be utilized towards construction of house.
| Net Monthly income | Home Loan Amount |
|---|---|
| Rs.25,000 | Rs.18,64,338 |
| Rs.30,000 | Rs.22,37,206 |
| Rs.40,000 | Rs.29,82,941 |
| Rs.50,000 | Rs.37,28,676 |
Simply so, how much loan can I get on 50000 salary?
However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to Rs. 16.20 lakhs.
| Salary | Expected Personal Loan Amount |
|---|---|
| Rs. 40,000 | Rs. 10.80 lakhs |
| Rs. 50,000 | Rs. 13.50 lakhs |
| Rs. 60,000 | Rs. 16.20 lakhs |
Is Patta required for home loan?
You will only get the document issued if there is any house or building built on it. If there are multiple owners for a single plot then a single Patta is being issued for all the owners. But in that case the there must be a division of the property. If there is an undivided land Patta will not get issued.
What are construction loan rates?
What is the average construction loan interest rate? At the time of writing this, depending on the lender, 4.5 percent is a typical interest rate for construction loans. That’s about one percent higher than a typical rate for mortgage loans during the same time period.
What are documents required for loan?
Documents Required for a Personal Loan
Identity proof (copy of passport/voter ID card/driving license/Aadhaar) Address proof (copy of passport/voter ID card/driving license/Aadhaar) Bank statement of previous 3 months (Passbook of previous 6 months.