Documents Required for Home Loan

Documents Required for Home Loan

Generally the documents required to processing your home loan application are almost similar across all the banks; however they may differ with various banks depending upon specific requirement etc. Following documents are required by financial institutions to process the loan application:

  1. Completed Home Loan Application Form
  2. Passport size Photographs
  3. Proof of Identification: (Any one of the below)
  • PAN Card
  • Passport
  • Aadhaar Card
  • Voter’s ID Card
  • Driving License
  1. Proof of Age: (Any one of the below)
  • Aadhaar Card
  • PAN Card
  • Passport
  • Birth Certificate
  • 10th Class Marksheet
  • Bank Passbook
  • Driving License
  1. Proof of Residence: (Any one of the below)
  • Bank Passbook
  • Voter’s ID
  • Ration Card
  • Passport
  • Utility bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill)
  • LIC Policy Receipt
  • Letter from a recognized public authority verifying the customer’s address
  1. Income Documents:

For Salaried Individuals:

  • Form 16
  • Certified letter from Employer
  • Payslip of last 2 months
  • Increment or Promotion letter
  • IT returns of past 3 years

Apart from the proof of income of the salaried individual, he would also have to furnish any investment proofs (like fixed deposits, shares, etc) and his passport-size photographs.

Self Employed:

  • Income Tax Returns (ITR) of last 3 years
  • Balance Sheet and Profit & Loss Account Statement of the Company/Firm (duly attested by a C.A.)
  • Business License Details (or any other equivalent document)
  • The license of Professional Practice (For Doctors, Consultants, etc.)
  • Registration Certificate of Establishment (For Shops, Factories & Other Establishments)
  • Proof of Business Address
  1. Property Documents Required For Home Loan:
  • NOC from Society/Builder
  • A detailed estimate of the cost of construction of the house
  • Registered Sale Deed, Allotment Letter or Stamped Agreement of Sale with the Builder (original document)
  • Occupancy Certificate (in case of ready-to-move-in properties)
  • Property Tax Receipts, Maintenance Bills and Electricity Bills
  • Receipts of the advance payments made towards the purchase of flat (original document)
  • An approved copy of the building plan (key plan/floor plan in case of purchase of flats)
  • Original of the land tax paid receipt and possession certificate as issued by the revenue authority
  • Payment receipt or bank account statements showing payments made to the Builder or Seller
 

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