Loan Advisor| Home Loan - maacapitalsolutions.com

Housing Loan

We assist in providing home loan from different public sector banks/housing finance companies/private sector banks/MNC banks depending upon the requirement and profile of the customer. In our dictionary there is no negative area/negative profile for this type of funding..

Sl.No.	Documents
1.	2 Photos of each of both the borrowers.
2.	Pan Card Xerox of each of the borrowers.
3.	Copy of Company I- Card Xerox, if any, of each of the borrowers ( Applicable only for salaried borrowers).
4.	Copy of Residence proof of each of the borrowers.
5.	Copy of bank statement for last 1 year of each of the borrowers.
6.	Copy of salary slip’s for last 6 months of each of the borrowers (Applicable only for salaried borrowers).
7.	Copy of Form no.16(Applicable only for salaried borrowers) for last 3 years with Income tax Returns (Full Set) of each of the borrowers.
8.	Copy of appointment letter and increment letter, if any, from present employer of each of the borrowers (Applicable only for salaried borrowers).
9.	Copy of sanction letters for any loan availed with track record of each of the borrowers.
10.	Copy of the Agreement for sale entered in to with the Builder. Also the copy of Approved Plan, NOC for Mortgage in the Bank’s format, Demand Letter and Architect Certificate. In case of second sale all earlier regd sale agreements.
11.	Housing Loan Application Form and Statement of Assets and Liabilities to be duly filled and signed by both the borrowers.( This will be provided by the Bank.)
12.	Self Employed/ Professional/ Business : Income Tax Returns (with computation of income): Last Three Years, Balance Sheet & Profit & loss account- Certified Copy for previous 3 years, Business proof- ST Registration/ Gomastha License,
13.	Copy of GST Returns, SSI, SME, Shops and Establishment Registration etc. if any of each of the borrowers (Applicable only in case of Business/Professional/Self employed borrowers).
14.	If NRI- Pass Port, Visa Copy, Work Permit, Work Contract, Appointment letter, Residence proof, Statement of Overseas Bank account and Indian NRE A/C, Salary slip& Tax returns, Power of Attorney in Bank Format
15.	In case of take over loans : The following additional documents Are required: A) Copy of the original sanction letter from the bank. B) Track record of the loan ( Account statement) from the beginning till date. C) Letter from the bank stating the latest outstanding balance. D) Letter from the bank indicating the list of original documents held with them.

CHECKING OF LOAN AMOUNT ELIGIBILITY	INCOME, AGE, EMI, TENURE,OTHER OBLIGATIONS
CIBIL SCORE	BORROWER, CO-BORROWER SHOULD BE NORMALLY ABOVE 550
DUE DILIGENCE	1. KYC:PAN CARD, AADHAR CARD,ADDRESS PROOF 2. BANK STATEMENT=== 06 MNTHS TO 1 YEAR, VERIFICATION OF INCOME TAX RETURNS 3. VISIT TO EXISTING:OFFICE/FACTORY/GODOWN, RESIDENCE 4. VISIT TO NEW PROPERTY TO BE PURCHASED
TITLE & SEARCH 0F THE PROPOSED PROPERTY:	THE TITLE OF THE SECURITY THUS OFFERED IS SCRUTINISED BY BANK’S ADVOCATE
VALUATION	IN CASE OF READY POSSESION FLATS/SECOND SALE OF PROPERTY THE SAID PROPERTY IS SUBJECT TO VALUATION FROM THE BANK APPROVED ARCHITECT
PAYMENT OF STAMP DUTY FOR DISBURSMENT OF LOAN:	CERTAIN BANK DOCUMENTS ARE TO BE STAMPED BEFORE THE LOAN IS DISBURSED AND THE SAID STAMPING IS DONE BY: FRANKING, E-PAYMENT, E-CHALLAN, E-SBTR
ONCE THE FRANKING IS DONE THEN ALL THE DOCUMENTS ARE TO BE SIGNED BY THE BORROWERS.
ALL THE ORIGINAL DOCUMENTS PERTAINING TO THE PROPERTY IS TO BE SUBMITTED TO THE BANK .
LOAN DISBURSAL AND ENTRY IN CERSAI BY THE BANK
NOTICE OF INTIMATION (ONLY IN THE STATE OF MAHARASHTRA)	IT IS A PROCEDURE WHERE IN EACH MORTGAGE CREATED BY THE BANK HAS TO BE INTIMATED TO THE RESPECTIVE SUB-REGISTRARA WHERE THE PROPERTY IS REGISTERED, WHICH ATTARACTS CERTAIN COST TO BE BORNE BY THE CUSTOMER.

Normally All Banks Take Around 1 Week To 2 Weeks For Sanction Of The Loan If All The Papers Are In Place.
MAA Capital Solution will act as intermediary between the concerned Bank and you. Considering the fact that all the relevant papers are in place and the legal scrutiny of the property is hassle free then MAA Capital Solution will assure to give a timely loan sanction from the Bank within a time frame of 10 to 12 working days.