I’ve applied for a home loan with SBI. For the legal report, they’ve asked us to submit a whole bunch of documents…makes me wonder –
Is there a law that dictates which documents the bank and advocate are entitled to ask? They’ve asked us for original non-encumbrance certificate as well as the original legal papers (incl the khata certificate and khata extract). Is this valid at all?
Also, once the home loan is sanctioned and the registration done (and the house is mine), what documents is the home owner and the builder supposed to give me?
thx – Anand