The documents needed to use for a home loan are based on the occupation of an applicant.

 

Nevertheless, the common loan documents list required to apply are –

 

1. Completed Home Loan Application Form

2. Passport size Photographs

3. Identification proof: (Any one of the following)

 

• PAN Card
• Passport
• Aadhaar Card
• Voter’s ID Card
• Driving License

 

4. Age proof: (Any of the following)

 

• Aadhaar Card
• PAN Card
• Passport
• Birth Certificate
• 10th Class Certificate
• Bank Passbook
• Driving License

 

 5. Residence proof: (Any one of the following)

 

• Bank Passbook
• Voter’s ID
• Ration Card
• Passport
• Utility bills (Electricity Bill, Telephone Bill, Gas Bill, Water Bill)
• LIC Policy Receipt
• Letter from a recognized public authority verifying the customer’s address

 

6. 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 produce any investment proofs (like fixed deposits, shares, etc) and his passport-size photographs.

 

For Self Employed Individuals:

 

• Income Tax Returns (ITR) of the 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

 

7. 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

 

 

Additional Resources:

What is CIBIL Score?

Types of LOAN in India

What is NBFC?

What is CIBIL score?

DOCUMENTS REQUIRED FOR EDUCATION LOAN

DOCUMENTS REQUIRED FOR BUSINESS LOAN