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Financial Services
 
Documents required to sanction the loan
Checklist of Documents Required for Sanctioning the Loan
 

Sl. No

Documents

1

Application form (Bank format)

2

Co-applicant's form (Bank format)

3

Passport size photograph

4

Copy of ID Card/ Visiting card

5

Bank statement verification letter (Bank format)

6

Declaration Letter (Bank format)

7

Assets statement (Bank format)

8

Initial Processing Fee cheque of Rs.5618/= ONLY from Applicant's salary account/ Major a/c if self employed. 
Total PF = 0.5% for HL and 1.0% for PLOT Loans

9

Proof of ID (One of the following)

  • Valid Passport copy
  • PAN Card
  • Valid Driving License
  • Voter ID
  • Affidavit (Only for co-applicant if income not considered

10

Proof of Address (One of the following)

  • Valid Passport copy
  • Valid Driving License
  • Voter ID
  • Telephone bill
  • Electricity bill
  • Rent agreement

11

Proof of Age (One of the following)

  • Valid Passport copy
  • PAN Card
  • Valid Driving License
  • SSLC Marks card
  • Affidavit (Only for co-applicant if income not considered

12

Proof of Signature (One of the following)

  • Valid Passport copy
  • PAN Card
  • Valid Driving License
  • Banker's Verification

13

Proof of Experience 2 years 

For Salaried Applicants (One of the following)

  • Form 16 / Saral
  • Employer's letter
  • Relieving letter with DOJ

For Self-Employed (One of the following)

  • Shops and establishment regn
  • Service tax regn
  • Commercial tax regn
  • VAT regn
  • Saral

14

Bank Statement 

For Salaried

  • Latest 6 months showing 6 salary credit

For Self-Employed

  • Both Current Account and SB Account for 6 months

15

Income documents For Salaried

For Salaried

  • Pay slips for the last 3 months
  • CTC / Increment letter / Appointment letter

For Self-Employed

  • ITR's for last two years
  • Computation of income for the last 2 years
  • P&L account for the last 2 years
  • Balance sheet for the last 2 years
  • Schedules if any
  • Profile of business

16

Repayment Track Record (RTR)
Of all loans current and recently closed

17

Software Engineers - Passport Copy Mandatory

18

Vernacular letter (If signature is in a language other than English)

19

Copies of Property documents
 

PLEASE NOTE :
1 Spouse to be co-applicant for the loan.
2 All the photocopies to be self attested
3 Balance Processing Fee (PF minus Rs.5000) will be deducted out of first disbursement
4 0.25% of loan amount will be Mortgage charges (DTD) which will be deducted out of loan amount
5 Property Insurance to be taken for a value at Rs.1200/= per sft of built up area
Documents Required to Disburse the Loan

Checklist of Documents Required for Disbursing the Loan 

ALL CASES 

  • Sanction letter signed by customers
  • Additional documents as per Sanction letter
  • HLD duly filled & signed
  • In case of Pre EMI payment : 26 cheques
  • Margin money proof
  • 24 + 1 PDC's favoring UTI Bank Power Home Loan a/c " Applicant's name"
  • OR Standing Instructions ( 6 PDC's)
  • OR ECS ( 4+1 PDC's) + 4 copies of ECS mandate form + acceptance by customer
    EMI Start Letter
  • DRF Duly filled and signed by Customer
 

IN CASE OF PURCHASE FROM AN APPROVED BUILDER

  • Sale Agreement (Rs.200/- stamp paper)
  • Construction Agreement (minimum Rs.50/- stamp paper)
  • Tripartite Agreement ( Rs.100/- stamp paper)
  • Cost Break up letter / Demand Note
  • Receipt for an amount equal to total cost minus loan amount
  • Any other documents as per Project approval condition
 

IN CASE OF PURCHASE FROM AN INDIVIDUAL - RESALE CASES

  • Sale Agreement (Rs.200/- stamp paper)
  • Receipt for an amount equal to total cost minus loan amount
 

IN CASE OF SELF CONSTRUCTION

  • All the original documents as required in the legal report
  • Original Sanctioned plan
  • Estimate of Construction cost given by an Engineer
 

IN CASE OF BALANCE TRANSFER

  • List of documents held in the previous bank
  • Outstanding letter including pre-closure penalty if any as on date
  • All other documents as required in legal report
Interest Rate and Fee

Components

Rates 

Variable 

11.5%

Fixed

14%

FEE

For home loan 0.5% and for plot loan 1%
* Please check with our branch for the latest rate and fee
NRI Loans 

Checklist of Documents Required for Sanctioning the Loan 

 

Sl. No

Documents

1

Application form (Bank format)

2

Co-applicant's form (Bank format)

3

Passport size photograph signed across face

4

Declaration Letter (Bank format)

5

Bank statement verification letter (Bank format)

6

Assets statement (Bank format)

7

Initial Processing Fee cheque for Rs.5618/= favoring " AXIS BANK - - RAC PF A/c" from NRE/NRO a/c only TOTAL PF = 0.5% of Loan amount. Balance PF will be deducted from the loan amount at the time of first disbursal

8

Copy of Valid Passport

9

Copy of Valid VISA

10

Proof of Address - Latest Telephone Bill

11

Copy of Work Contract / Appointment letter / Deputation Letter

12

Copies of last 6 Months pay slips

13

Copy of Last 6 months foreign bank statement with salary credits

14

Copy of last 6 months NRE/NRO bank statement

15

Email ID and Telephone number of HR for employment verification

16

Proof of experience for the last 2 years.

17

GPA executed by ALL as per bank format attested by either Indian Embassy OR Public Notary

18

Photograph, ID Proof, Age Proof and Address proof of GPA holder

19

Repayment Track Record (RTR) Of all loans current and recently closed

20

Vernacular letter (If signature is in a language other than ENGLISH

21

Copies of Property documents
 

PLEASE NOTE :
1 Spouse has to be co-applicant for the loan
2 GPA has to be a close relative
3 All co-owners must be co-applicants
4 GPA has to be signed on ALL PAGES
5 Experience proof can be appointment letter/relieving letter/ Experience letter 
6 Photocopies to be attested by Applicant or GPA holder