IMPORTANT PROPERTY DOCUMENTS FOR LOAN APPLICATION AND THEIR IMPORTANCE

IMPORTANT PROPERTY DOCUMENTS FOR LOAN APPLICATION AND THEIR IMPORTANCE TITLE DEED – PROVES OWNERSHIP OF THE PROPERTY AND ENSURES IT IS FREE FROM LEGAL DISPUTES. SALE DEED – PRIMARY DOCUMENT THAT ESTABLISHES THE SALE AND TRANSFER OF PROPERTY. ENCUMBRANCE CERTIFICATE (EC) – CONFIRMS THAT THE PROPERTY IS FREE FROM ANY MONETARY OR LEGAL LIABILITIES. PROPERTY TAX RECEIPTS – ENSURES ALL TAXES ARE PAID AND THE PROPERTY IS LEGALLY REGISTERED. APPROVED BUILDING PLAN – VERIFIES THAT THE PROPERTY COMPLIES WITH LOCAL BUILDING REGULATIONS. OCCUPANCY CERTIFICATE (OC) – CONFIRMS THAT THE PROPERTY IS FIT FOR OCCUPATION AND BUILT AS PER APPROVED PLANS. POSSESSION LETTER – ISSUED BY THE BUILDER TO CERTIFY HANDOVER OF THE PROPERTY TO THE BUYER. ALLOTMENT LETTER – GIVEN BY THE BUILDER OR HOUSING AUTHORITY TO CONFIRM PROPERTY ALLOTMENT. LOAN STATEMENT (IF PROPERTY IS UNDER LOAN) – SHOWS THE OUTSTANDING LOAN AMOUNT AND REPAYMENT HISTORY. NO OBJECTION CERTIFICATE (NOC) FROM AUTHORITIES – ENSURES THAT THERE ARE NO OBJECTIONS FROM RELEVANT GOVERNMENT BODIES. TE DOCUMENTS ARE CRUCIAL FOR VERIFYING OWNERSHIP, LEGALITY, AND ELIGIBILITY OF THE PROPERTY FOR A LOAN.