Buying a home in India is a big decision irrespective of whether you are a new buyer or investing in another residential property. DBS Treasures can provide all the financial assistance you need to turn your dream home into a reality.
To complete your application, we make sure that you can apply for a home loan from the comfort of your home with minimal documentation so that the loan can get processed faster.
In addition to the filled application form, you will need to submit self-attested copies of your proof documents to verify identity and residency address. Also, please keep your original documents handy. For joint home loan applications involving more than one applicant, each person will have to furnish the documents mentioned below.
To make the process easier for you, we at DBS Treasures have put this list of documents together. Let us look at what you will need to ensure that your home loan is sanctioned.
Home loan application form
You will need to share the below identify and address proof documents with the completed and signed application form:
For a home loan application to be processed fully, we would need to know about your income and fixed expenses to gauge your repayment capacity. The documents required for proof of income are:
Specific to Salaried Professionals
Specific for Self-Employed Professionals
Before you seal the deal on your new home, keep the below property checklist ready. These documents are essential in proving ownership and transfer.
Other important documents
The above documents are part of an indicative list. The final documents acceptable are based on DBS Bank's credit policy as applicable at the time of loan application. For more details, you can speak to your Relationship Manager (RM) or visit a DBS Bank branch near you.
Applications received without adequate documentation, as requested by DBS Bank India Limited, may face processing delays or even be rejected on a case-by-case basis.
A financial institution needs to gauge the ability of an individual to repay the home loan and income proof documents serve as indicative proof of the customer's ability to make the loan repayment without any difficulty.
Businesses that have been operational for at least three years can easily show stability and longevity - two crucial facets while applying for a home loan.
If the home loan application does not meet the Bank's internal credit policies, which are based on a combination of financial and other related criteria including document verification and a credit bureau report, a rejection may occur.