A loan for land purchase is a credit to a customer for the purchase of plot of land. It is specially design for individual who wish to purchase land for future residential purpose.
Latest lease payment receipt or agreements, title deed of property. Future rental income will not be considered.
Other rental income details. If the asset generating rental income is under loan from other financial institution, the Bank must take into consideration the residual income from such asset.
Pension slip, interest received statement etc.
Bank Statement for minimum 6 months, as applicable.
Naksaa Pass, Building construction permission certificate from competent authority, construction completion certificate ( as applicable ) (in case of building available)
Collateral transfer deed (for recently purchased property) (rajinama)
Latest revenue receipt of land or land or/and building offered as collateral
Note: Other documents as per Bank laid down procedures, as applicable.
