Federal Bank Home Loan

KYC

• Two passport-size photos.

• Identity / Address Proof: Passport / Voters ID / Driving License/ PAN Card / Aadhaar Card
• Age Proof: Passport / Birth Certificate / Driving License / SSLC or AISSE Certificate
• NRI customers: Certified copy of Passport, Visa, Work Permit, ID card.
• Income Documents - For Resident Salaried
• Latest Salary Certificate / Salary Slip (3 months)
• Copies of IT returns (2 years) or Form No.16 (2 years)
• Latest 6 month's Bank Account statement evidencing the salary credits
• Income Documents - For Resident Self Employed
• Proof of Business existence & Business Profile
• Last 12 months bank a/c statements
• IT returns for 2 years supported by Balance Sheet, P&L Account for the past two years.

Property Documents

For purchase of approved Flats under construction

• Agreement for Sale & construction

• Allotment letter / NOC from Builder to mortgage the flat

• Tripartite Agreement( to be obtained before disbursal of the loan

For purchase of unapproved Flats under construction

• Agreement for Sale and Construction
• Allotment letter / NOC from Builder to mortgage the flat
• Title Deed
• Prior Deed (in cases where the Title Deed does not contain recitals explaining derivation for the past 30 Years)
• EC for 13 years (minimum)
• Possession certificate
• Location Sketch
• Land Tax receipt (latest)
• Tripartite Agreement (to be obtained before disbursal of the loan)
• Approval or permission from civic authorities
• Approved Plan and building permit
• NOC from Environmental Department
• NOC from the Pollution Control Board
• Fire and Safety Clearance
• NOC from the aviation department (if applicable)
• NOC From Navy - Army (if applicable)
• Certificate from Coastal Zone Management Authority (if near seas, bays, estuaries, creeks, rivers, backwaters, etc.)

For acquisition of land and subsequent construction of a house on that land

• Agreement for Sale of Land
• Title deed
• Prior Deed (in cases where the Title Deed does not contain recitals explaining derivation for the past 30 Years)
• EC for 13 years (minimum)
• Possession Certificate
• Location sketch
• The latest land tax receipt
• Tentative plan and estimate for construction

For acquisition of approved Ready Built Flats

• Agreement for Sale & construction
• Allotment letter / NOC from Builder to mortgage the flat
• For acquisition of Ready built House
• Agreement for Sale
• Approved plan
• Title Deed
• Prior Deed (in cases where the Title Deed does not contain recitals explaining derivation for the past 30 Years)
• EC for 13 years (minimum)
• Possession certificate
• Location Sketch
• Land & Building Tax receipt (latest)
• For the construction of a house on the already owned land
• Approved plan and estimate for construction
• Building Permit / NOC for construction
• Title Deed
• Prior Deed (in cases where the Title Deed does not contain recitals explaining derivation for the past 30 Years)
• EC for 13 years (minimum)
• Possession certificate
• Location Sketch
• Land Tax receipt (latest)
• For repair, renovation, remodeling, an extension of the house, flat, and villa
• The approved plan, and estimate of the project
• NOC for construction in the case of extension
• Title Deed
• Prior Deed (in cases where the Title Deed does not contain recitals explaining derivation for the past 30 Years)
• EC for 13 years (minimum)
• Possession certificate
• Location Sketch
• Land & Building Tax receipt (latest)