Which of the following documents is/are generally sought for Housing loan approval?begin{enumerate}item Residence proofitem Latest salary slipitem Last 6 months bank statementsend{enumerate}

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following documents is/are generally sought for Housing loan approval?

A	Only 1
B	Only 2
C	1 and 3
D	All the above

Explanation:

Detailed explanation-1: -Filled application form for loan transfer (of the bank / NBFC) Latest three months’ Salary Slips indicating break up of Gross salary that is the Basic Pay, House rent and Net Salary after deductions if any. Six months’ bank statement, reflecting salary credits updated within 15 days before the loan application.

Detailed explanation-2: -They are typically statements of personal and financial information of the borrower to approve a loan. These documents are used by the lenders to evaluate whether or not they will provide you with a loan. Loan documents are necessary to initiate a loan approval process by a lender.

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