HL/LAP BT DOCUMENTS: What documents required when you are going to balance transfer (BT) your loan ??

There are following documents which required when you are going to transfer your loan any other bank or NBFC.

1-List of documents (L.O.D)*: This is the list which provided by your banker(lender) after disbursement of loan, it contains all property related documents list in details.

2- Statement of your current loan account(SOA)*: Sometimes banker required all loan accounts statement but your current loan account statement which provided by your banker/lender must required at the time of your balance transfer application.

3-Foreclosure later*: Banker required foreclosure later from your banker about the amount which required to close your current loan, at the time of BT application.

4- All property documents copy according to LOD*.

5-All applicants(Applicant and co applicants) KYC (ID proof, Photo proof, signature proof, address proof  residence and office, business proof"if self employed person"& date of birth proof ) required*

6- All applicants One year updated* (all savings and current accounts) bank statement required.

7- All income documents* ( If salaried person then last 6 months pay slip and last 2 years form 16 OR If self empolyeed then last 3 year ITR with CA attested and last 6 months sales/purchase bills) required.

8-All loan account statement and closure laters, All investments laters and other income documents.

Note: All * mark are mandatory documents which required at the time of  loan balance transfer application.