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Deal4Loans

Documentation for ING VYSYA Bank Home Loan

Sat, 01/31/2009 - 12:19 — Hina

ING VYSYA Home Loan Documentation

Documents required at the time of Application

  • Application form duly filled in along with the processing fee cheque.
  • One passport size photograph of the applicant/co-applicants/guarantor in addition to the photograph affixed to the application form and signed across

Identification & Signature Proof
Valid Passport/PAN Card/Photo Driving License /Photo Credit Card of a Scheduled Commercial Bank/Photo ID Card of Professional Councils, Government/PSU/Private Ltd., Companies/Banker's Verification/Photo Ration Card/Photo Election ID Card.

Proof of Residential Address
Passport/Voter's ID Card/Driving License/Ration Card/Telephone Bill / Gas Bill / Power Bill / Rental Agreement/Insurance Premium Receipt.
Signature Verification certificate from the Bank on which PDC's will be given.
Proof of Date of Birth e.g., Birth Certificate/Passport/PAN Card/ Driving License/SSC Marks List/School leaving certificate/Insurance policy schedule.

Income Documents for Salaried Customers

  • Min.3 months' pay slips starting with the Latest Pay Slip duly authenticated by the Employer (the above to clearly indicate the break up of Gross Earnings, Deductions and Net Salary)
  • Form No.16 with clear computation of income
  • Bank statement for the last 3 months, which is not older than 28 days from the date of login. At least 3 Salary credits to be evidenced in the Bank Statement.
  • Bank Account Statements for all applicants for the last 3 months. 6 months in case of self employed businessmen & professionals. (From where PDCs will be issued)
  • Credit Card Statements of all applicants for the latest month
  • Loan account statements of all other existing loans
  • Any other document that may be required by the bank

Income Documents for Self Employed Customers

    • A brief write-up on the profile of business covering the nature of business activity, number of years in business, products / services, infrastructure, number of employees, branch network, if any, suppliers, distribution, buyers/clients, performance highlights, future business plans and assets.
    • Income Tax Returns for the past 3 years duly certified by a Chartered Accountant and duly acknowledged by IT authorities
    • Certified copies of Audited Balance Sheets and Profit & Loss account statements for the previous 3 completed financial years, wherever necessary
    • IT Assessment Order for financial years for which assessment has been latest completed
    • State Sales Tax /Central Sales Tax Registration No. or any other certificate for licensing business
    • Photocopies of Advance Tax payments
    • SOA (Statements of Account) of the Salary / Business account for the last 6 months from where PDCs will be issued
    • Any other document that may be required by the bank

    A checklist of property documents required for legal Clearance will be called for, after the loan is approved in principle, and the property is selected.

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