While availing a Home Loan, it's essential to understand the key documents, charges, and the overall process involved. For identity and residence proof, a PAN card, passport, Aadhar card, or driving license are accepted, along with other government-issued identification. Salaried individuals need to provide the last 3 months' salary slips, 6 months' bank statements reflecting salary credits, and the latest Form-16 and IT returns. For the self-employed, income tax returns, balance sheets, profit and loss statements for the last 2 years are crucial, along with business entity statements attested by a CA. The process includes meticulous check of these documents. Home Loan charges encompass processing fees, conversion fees, and other miscellaneous charges. A comprehensive understanding of these aspects ensures a smooth and informed home loan application process.
Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
The Borrower will be required to submit such documents that HDFC Bank may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.
The prepayment charges are subject to change as per prevailing policies of HDFC Bank and accordingly may vary from time to time which shall be notified on www.hdfcbank.com.