Know Your Documents

Take the first step to getting a housing loan. It lets you know how much you could borrow, so you can look at homes in your price range.

Responsible Lending

Being a responsible lender - our commitment

Aham is committed to being a responsible lender who acts in the best interests of its customers. This means we have a responsibility to our customers to be open and honest, and to treat them fairly. These commitments underpin everything we do and the way we lend money is no exception.

Our Responsible Lending customer commitments are described below. These explain what you can expect from Aham when you apply for a housing loan with us.

What you can expect from us as a responsible lender when applying for a mortgage:

• Products designed to meet your needs which we will promote in a balanced way, showing the risks as well as the benefits.
• Clear information on the cost of borrowing, any fees and charges that apply and our terms and conditions.
• A robust assessment of your ability to make regular payments and to repay the loan, based on your current circumstances and allowing for any known or foreseeable changes.
• The use of credit scoring for all new lending to ensure a fair and consistent approach to deciding whether we will lend, underpinned by an underwriter trained in the Aham way of assessment.
• Reasonable notice of interest rate and payment changes affecting you.
• Prompt and professional handling of any queries or complaints you may have.
• Considerate treatment in the event of financial difficulties or arrears.

In return, what we ask of you

• Provide accurate and complete information on your application, particularly with reference to any information that may impact our assessment of affordability.
• Regularly assess your borrowing and other financial commitments and contact us as soon as possible if you are experiencing, or expect to experience, any financial difficulties.
• Read and understand the terms and conditions on which the money is borrowed, seeking further information and help if needed.
• Ensure you are comfortable with the level of borrowing requested (up to the maximum we will lend based on our own assessment).

Title Documents required

We need the following documents to complete the title check on your property

Constructing your house on your plot of land

• Original registered title deed in your favour
• Parent document copies * linking the chain of transactions over the past 15 years
• Encumbrance certificate for a minimum 13 years or (for prior period) @
• Original plan approved from the Competent Authority & Lay out Approved Plan
• Patta in your name
• Original Estimation

* If the parent deed is prior 13 years and covers the same extent of property currently owned then such original prior / parent deed is also required.

* If the parent deed is prior 13 years covers the same extent of property currently owned then the EC from the date of the said Original purchase/acquiring of the property is required.

Purchasing a Flat from Builder

• Original registered sale deed for undivided share in favour of the customer
• Original sale and construction agreement (To be registered if applicable) in favour of the customer
• Original stamped receipt for the payments made by the customer to the builder (i.e. = Total property cost - Home loan amount)
• Encumbrance certificate for a minimum 13 years or for prior period if applicable
• Parent document copies for a minimum 13 years or for prior period of documents if applicable
• Permission of Mortgage Letter by the builder in favour of Aham housing
• Copy of approved plan and floor plan
• Handing over of possession of flat
• Completion certificate from builder

Buying a house on a resale basis

• Original sale agreement between the seller & the customer
• Original sale deed in favour of the seller
• Parent documents * for a minimum 13 years *
• Encumbrance Certificate for a minimum 13 years @
• Patta and house tax receipt/ EB receipt (latest)
• Original stamped receipt from the seller (i.e. = Total property cost – Home loan amount)
• Copy of approved Building plan & Lay out Approved Plan
• Draft sale deed
• Evidence of handing over of possession by the seller

* If the parent deed is prior 13 years and covers the same extent of property owned by the vendor then such original prior / parent deed is also required.

@If the parent deed is prior 13 years and covers the same extent of property owned by the vendor, then the EC from the date of the said Original purchase/acquiring the property is required.

Buying a flat on a resale basis

• Original sale agreement between the seller & customer
• Original sale deed in favour of the seller
• Original construction agreement in favour of the seller
• Original stamped receipts given by the builder favouring the seller
• Parent documents * for a minimum 13 years *
• Encumbrance Certificate for a minimum 13 years @
• Latest property tax / EB/ Water & Sewerage receipt in favouring the seller
• Original stamped receipt from the seller (i.e. = Total property cost – Home loan amount)
• Copy of approved plan and floor plan
• Evidence of handing over of possession by the seller

* If the parent deed is prior 13 years and covers the same extent of property owned by the vendor then such original prior / parent deed is also required

@If the parent deed is prior 13 years and covers the same extent of property owned by the vendor, then the EC from the date of the said Original purchase/acquiring the property is required.