OCR (Own Contribution Receipt) is a key document in home loans, proving the buyer’s down payment from personal funds…

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Source: https://www.herohousingfinance.com/blog/loan-process-guides/ocr-in-home-loan

Category: Business

Tags: OCR, Home loans

OCR (Own Contribution Receipt) is a key document in home loans, proving the buyer’s down payment from personal funds. It shows financial commitment, helps lenders mitigate risk, and ensures RBI compliance. OCR is issued by the seller after payment and submitted to the lender. It's essential for loan disbursement and must be accurate and timely.

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