house
Buying a resale villa in Chennai requires careful consideration and due diligence to ensure you make a sound investment. Here are some important points to consider before purchasing a resale villa:

For all the below mentioned service or advice feel free to Contact us (PROPERTY GUIDE)

1. Property Age and Condition: Assess the age of the villa and its overall condition. Check for any structural issues, repairs needed, and the general upkeep of the property.

2. Legal Clearance: Verify the property’s ownership and title deeds to ensure there are no legal disputes or encumbrances attached to the villa.

3. Documentation: Examine all property-related documents, including sale deed, tax receipts, encumbrance certificate, and completion certificate (if applicable).

4. Builder/Owner Reputation: If possible, research the reputation of the builder or the previous owner of the villa to gather information about the quality of construction and any issues with the property.

5. Location: Evaluate the location of the villa. Consider factors like proximity to schools, hospitals, public transport, markets, and workplaces. Ensure the area has good infrastructure and amenities.

Read more

Apply Now                                               Need More Clarity
 
 

REQUIRED DOCUMENTS FOR LOAN PROCESS

  1. LAST 3 MONTHS PAY SLIP
  2. LAST 6 MONTHS BANK STATEMENT FOR SALARIED APPLICANT
  3. LAST 2 YEAR FORM16 WITH PART-A & PART-B
  4. EMPLOYEE ID CARD
  5. PAN CARD
  6. AADHAR CARD
  7. CURRENT ADDRESS PROOF AADHAR / VOTER ID/ PASSPORT/ HR LETTER / DRIVING LICENSE / LATEST GAS BILL
  8. THREE PASSPORT SIZE PHOTO
  9. PRESENT COMPANY OFFER LETTER & PREVIOUS COMPANY RELIEVING LETTER (IF 2 YEARS NOT COMPLETED IN PRESENT COMPANY)
  10. LAST ONE YEAR LOAN ACCOUNT STATEMENT FOR CURRENT LOANS (IF ANY)
  1. LAST 3 MONTHS PAY SLIP
  2. LAST 6 MONTHS BANK STATEMENT FOR SALARY CREDIT
  3. LAST 2 YEARS W2/TAX PAID CERTIFICATE AS PER THE FOREIGN COUNTRIES
  4. EMPLOYEE ID CARD
  5. CURRENT ADDRESS PROOF DRIVING LICENSE / LATEST UTILITY BILLS IN ABROAD
  6. COPY OF VALID WORK PERMIT
  7. EMPLOYMENT OFFER LETTER
  8. PASSPORT COPY WITH PAGE CONTAINING VISA STAMPING
  9. INDIAN PAN COPY
  10. AADHAR COPY / DRIVING LICENSE/ VOTER ID
  11. BRIEF WRITE-UP ON EMPLOYMENT PROFILE FOR THE LAST 10 YEARS(RESUME)
  12. CREDIT INFORMATION REPORT (CIR) FROM THE CONCERNED OVERSEAS CREDIT INFORMATION COMPANY
  13. PRESENT COMPANY OFFER LETTER AND PREVIOUS COMPANY RELIEVING LETTER (IF 2 YEARS NOT COMPLETED IN PRESENT COMPANY)
  14. LAST ONE YEAR LOAN ACCOUNT STATEMENT FOR CURRENT LOANS (IF ANY)
  1. INDIVIDUALS IT RETURNS FOR LAST 3 YEARS WITH COMPUTATION OF INCOME
  2. AUDITED BALANCE SHEET,PROFIT&LOSS AND ASSET & LIABILITIES FOR LAST 3 YEARS (for Individuals)
  3. COPY OF CHALLANS EVIDENCING PAYMENT OF ADVANCE INCOME TAX
  4. BUSINESS ADDRESS PROOF
  5. GST REGISTRATION CERTIFICATE FOR COMPANY
  6. FORM 26AS FOR LAST 3 YEARS (for Individuals)
  7. BUSINESS PROFILE
  8. IT RETURNS OF COMPANY FOR LAST 3 YEARS
  9. CERTIFICATE OF PRACTISE (for Auditor and Doctor)
  10. LAST ONE YEAR LOAN ACCOUNT STATEMENT FOR CURRENT LOANS (IF ANY)
  1. COPY OF PARENT DOCUMENT FULL SET FOR LAST 30 YEARS
  2. EC COPY FOR LAST 30 YEARS UPTO TILL DATE
  3. PATTA COPY
  4. BUILDING PLAN APPROVAL COPY
  5. SALE AGREEMENT BETWEEN CURRENT BUYER & SELLER
  6. LATEST PROPERTY TAX RECEIPT COPY
  7. LATEST EB BILL COPY
  8. SUBDIVISION PLAN COPY (IF APPLICABLE)

 
 

1. Check home loan Affordability

2. Compare lenders (Not only for offers but also for product credibility)

3. Get Pre-Approved sanction letter from lender

4. Save for a Down Payment

5. Maintain good credit score without any default

6. Check options for the joint loan (It may reduce your monthly EMI burden & also it may give a space for additional loan eligibility in future)

1. Don’t apply for credit card or any other loan

2. Don't Miss Payments on your existing loans or credit cards

3. Don't Overextend Your Budget on property purchase based on income eligibly and down payment savings (can check this eligibility with PROPERTY GUIDE)

4. Don’t choose your lender only on the basis of rate of interest offer which was provided at that moment

5. Don’t give a break in service for more than 3 months in your job (can switch over new job without break in service)

6. Don’t pick shorter loan tenure without understanding the loan product (now a days Nationalized banks gives more benefit while choosing longer loan tenure)