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In this article you get to know about LOD full from, LOD in home loan and other details related to LOD. This article is written after reading more than 10 articles related to LOD.
LOD full form in banking refers to LIST OF DOCUMENTS.
In simple words LOD means List of documents given by banks while taking a loan. This term mainly used in while taking home loan.
LOD FULL FORM IN FINANCE:
When you apply for home loan from the Bank or Financial Institution, they provide a list of documents. That is called as LOD. These documents need to submitted by the borrower to the banks/financial institution to get the loans.
LIST OF DOCUMENTS (LOD) FOR HOME LOAN:
- Builder buyer agreement copy.
- Sale Deed copy.
- Title Deed copy.
- Loan agreement copy.
- Income proof.
- Possession letter copy.
- Transfer permission.
- Bank account statements.
- ITR of last three years or Form 16 of last three years.
LIST OF DOCUMENTS (LOD) CHARGES:
Banks and Financial Institution while sanctioning the home loans they keep original documents property. If borrower in need copy of original document they need to pay LOD charges to the Bank and Financial Institution. LOD charges ranges between ₹ 200 to ₹ 1000 depending on the Bank and Financial Institution. LOD charges easily avoided by the borrower if he/she having certified copy of the original document’s submitted while taking the home loan.
Dear reader in this article you get to know about LOD full from, LOD meaning, List of LOD documents, LOD full form in finance and home loan, LOD documents charges. If you have any query regarding this article kindly comment below.
What is LOD in Home Loan?
Banks will acquire all the original documents while giving a home loan. This list of documents to take a home loan is called as LOD.
What does LOD stand for in banking?
In Banking LOD refers to List of Documents.
How do you get LOD from a bank?
By giving request application you can get LOD from the Bank. Few banks charges some charges to get a LOD.