Lenders assess repayment capacity, income stability, credit history, existing obligations, age, property value and the legal and technical quality of the project. Approval from one lender is not a substitute for checking the property yourself.
Common borrower documents
- PAN, identity and address proof.
- Salary slips, bank statements and Form 16 for salaried applicants.
- Income-tax returns, financial statements, GST records and business proofs for self-employed applicants.
- Details of existing loans, credit cards and repayment obligations.
- Photographs, application forms and co-applicant documents where required.
Property documents
The lender may ask for the allotment letter, Agreement for Sale, title documents, sanctioned plans, approvals, MahaRERA details, payment schedule and receipts. Ask the promoter for documents early so a legal or technical issue does not surface after your booking payment.
Calculate affordability carefully
Budget for EMI, maintenance, property tax, insurance, utilities and family expenses. Keep an emergency reserve and test the budget against a higher interest rate or temporary income reduction. Compare the annual percentage or all-in cost, processing fee, reset terms, insurance and prepayment conditions.
Loan policies vary by lender. Review the lender's sanction letter and the latest RBI home-loan guidance before accepting.
Practical worksheet
Pune all-in cost worksheet
Compare homes using the total cash required before possession and the recurring monthly cost after possession. Ask for a written cost sheet for the exact tower, floor and unit.
Calculation: All-in cost = agreement value + applicable GST + stamp duty and registration + disclosed project charges + loan and legal costs + interiors.
- Compare the RERA carpet area.
- Confirm every charge in writing.
- Stress-test the EMI and possession timeline.
- Keep a reserve for interiors and recurring costs.
Common questions
Questions property buyers ask
What is included in the complete cost of a Pune flat?
Add the agreement value, applicable GST, current Maharashtra stamp duty and registration, parking and other disclosed charges, maintenance deposits, legal and loan costs, interiors and recurring ownership expenses.
Should Pune buyers compare carpet area or super built-up area?
Use the RERA carpet area as the main comparison and separately verify balconies, terraces, parking and common-area loading. Match the figures to the registered plans and Agreement for Sale.
What should I verify for Home Loan Eligibility and Document Checklist for Pune Buyers?
Check the exact project phase, MahaRERA record, title and approvals, configuration, carpet area, all-in cost, construction progress, possession terms and written agreement before paying.
Primary references
Official sources to verify
Important: This guide is for general information and is not legal advice. Verify current requirements directly with MahaRERA and consult a qualified property lawyer before signing or paying.