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Buying a home is a dream that everyone harbors at some point in life. However, with rising property prices, it has become extremely difficult to buy a home entirely on your savings. And, this is where home loans come to play. A home loan is an amount that you borrow to purchase or construct a house. It can be availed based on your earnings and repayment capacity. If you too have applied for a housing loan and want to check your application status, you can do it through the following methods:
Home Loan Application Status Check Offline
Call your customer care: You can check your home loan status by calling the customer care representative. You can visit the bank’s website to get the number. Keep your application ID/reference number handy to ascertain the status of your home loan application.
Visit the branch: You can also directly go to the bank’s branch to meet the officer in charge and know the status of your home loan application.
Home Loan Application Status Check Online
Every bank provides customers with an easy and hassle-free way of checking their home loan status. Visit the bank’s website and provide the following input to check the application status:
· Applicant Name
· Date of Birth
· Mobile Number
· Pan Number
· Reference Number
Home Loan Application Tracking:
Here are a few ways to track your home loan application online:
Use mobile number and date of birth to track your application:
Many banks ask for your mobile number to track the home loan application. Using this method, you can check the loan status anytime, irrespective of your location. Some banks might ask for date of birth along with the reference number/application number for an added precaution.
Tracking by reference number:
Just like the mobile number, the reference number/application number is a unique identifier. The only problem with checking the loan status using the reference number is that you need to keep this number in hand as you might find it difficult to remember.
Home Loan Application Status Through Net Banking
Being an existing customer, you have an advantage. Not only you can negotiate better loan terms with your lender, but you can also easily check your loan status on the net banking portal. Just log in to your net banking portal and go to the loans section. Under this section, you can apply, check, or know the balance on loan you apply.
Documents Required for Home Loan Application
To apply for a home loan, you must submit the following documents to your lender:
- Signed Application Form
- Latest Passport Sized Photographs
- Identity Proof: Aadhaar Card, Driving license, Passport, Pan Card, Voter ID card, Ration Card, etc.
- Address Proof: Bank statement, Voter ID, passport, electricity bill, water bill, Ration Card, etc.
- Age Proof: Driving License, Voter ID card, PAN card, Passport, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate.
- Property Documents: Allotment letter, Conveyance deed, Sales deed, Latest property tax receipt, Possession letter, Copy of approved plan for construction/ extension.
- Income Proof:
a) Salaried employees: Form 16, Latest 6 months’ salary slip, Last 6 months’ bank statement.
b) Self-employed individuals: Last 2 years ITR, Last 6 months bank statement.
Hence, with the introduction of online technology, you can easily check your home loan status without wasting your time and energy on visiting a bank. Keep your application number/ reference number in hand to ensure the smooth checking of your status.