Documents Required for Home Loan

The documents required to apply for a home loan are more or less the same across all banks and Housing Finance Companies (HFCs). However, home loan documents required may vary across lenders on the basis of your home loan type, property type, individual credit profile, etc. Here’s the list of key home loan documents that you will need to submit at the time of loan application.

Completed and signed home loan application form

Proof of Identity (any one): PAN Card, Passport, Aadhaar Card, Voter’s ID Card, Driving License

Proof of Age: (any one): Aadhaar Card, PAN Card, Passport, Birth Certificate, 10th Class Marksheet, Bank Passbook, Driving License

Proof of Residence: (any one): 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

Proof of Income for salaried for self-employed

Property documents

Also Read: Home Loan Interest Rates

Document Required for Home Loan for Salaried

A salaried applicant has to show Proof of Income and Employment Contract / Appointment Letter if the current employment is less than a year old.

Proof of Income for Salaried

Form 16

Certified letter from Employer

Payslip of last 3 months

Increment or Promotion letter

IT returns of past 3 years

Home Loan Documents for Self-Employed

Below-mentioned are the documents required for home loan by self-employed.

Business Profile

Latest Form 26 AS

A list of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company

Partnership deed in case of the business entity being a partnership firm

Memorandum and Articles of Association of the Company

Proof of Income for 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

Note: Some banks and HFCs that offer home loans to those receiving their salaries in cash or do not have adequate income proofs. Some of those home loan options include Unnati Home Loan from PNB Housing Finance, HDFC Reach Home Loan, Griha Suvidha Home Loan from LIC Housing Finance, Gruh Setu Home Loan from Piramal Capital and Housing Finance and IDFC First Bank Home Loan.

Property Documents Required for Home Loan

Following are the property documents that are necessary for availing the home loan.

Receipts of payments made to the developer (in case of a new house)

Allotment Letter / Buyer Agreement

Title Deeds including the chain of previous property documents (in case of house resale)

A copy of the sale agreement (if already executed)

Receipt of initial payment made to the house seller

Title Deeds of the plot (in case of house construction)

A detailed estimate of house construction by an Architect / Civil Engineer

A copy of the plans, approved by the Local Authorities

Proof of no encumbrances on the property

Other Documents for Home Loan

Passport size photographs of all the applicants / co-applicants (to be affixed on the application form and signed across)

Proof of own contribution

Last 6 months’ bank statements showing the repayment of ongoing loans (if any)

The details of ongoing loans (such as the outstanding amount, monthly instalments, purpose, remaining loan tenure, etc.) in the name of an individual or business entity (if any)

A cheque for processing fee favouring the home loan provider

Note: The aforementioned list is indicative. Also, the property documents required for home loan may vary depending on the lender and the property type.

List of Home Loan Documents Required for NRIs/PIOs Applicants

KYC Documents

Passport with VISA stamps / PIO Card

Proof of Address mentioning the current overseas address

Proof of Income for Salaried

Work Permit

Employment Contract / Appointment Letter / Offer Letter (Duly attested by employer/ consulate / foreign office / embassy in case it is in any other language)

The labor card/ identity card (documents in language other than English must be translated in English and countersigned by the consulate)

Last 3 months’ Salary Certificates/Slips (in English) specifying name, date of joining, designation and salary details for applicants working in the Middle East

Last 6 months’ Bank Statements showing salary credits NRE / NRO account (if any) Credit Bureau Report (in case available in the country where you are residing)

Duly acknowledged copy of last year ITR (except for NRIs/PIOs located in Middle East countries and employees in the Merchant Navy)

A copy of Continuous Discharge Certificate (CDC) for applicants employed in the merchant navy

Form P60/P45 and latest employment contract (for salaried) If any previous loan from other Banks/Lenders, then Loan A/C statement for the last 1 year

Proof of Income for Self Employed

Business License / License of Professional Practice (for Doctors, Consultants, etc.)

Registration Certificate of Establishment (For Shops, Factories & Other Establishments)

Business’ proof of address

Proof of income in case of self-employed professionals/businessmen

Last 3 years’ Balance Sheets and P&L Accounts audited or certified by a C.A.

Last 3 years’ ITR (except for NRI/PIO located in Middle East countries)

Last 6 months’ Bank Statement of overseas account in the name of individual and/or company/unit

Property documents

Original title deeds tracing the title of the property

Encumbrance Certificate

Agreement for sale/ sale deed/ detailed cost estimate from the Architect/ Engineer for property to be purchased/ constructed/ extended/ improved

A copy of approved drawings of proposed construction/ purchase/ extension

Receipts for payments made for buying the dwelling unit

ULC clearance/ conversion order, etc.

Receipts for investing the margin money through normal banking channels from the NRE /NRO account(s) in India

Latest tax paid receipt

Allotment letter from the co-operative society/ association of apartment owners

Note: All documents must be self-attested. Besides the aforementioned home loan document list, the lender may ask for more documents as deemed necessary.

Documents Required for Home Loan Balance Transfer

KYC Documents: Aadhaar Card, PAN card and Proof of Residence (Utility Bills, Ration Card, Passport, etc.)

Proof of Income: Salary slips and Form 16 (for salaried), previous years’ ITR along with necessary financials (for salaried, self-employed and professionals) and last 6 months’ bank statements

Additional Documents: Latest principal outstanding letter, list of documents from existing financier and repayment track record

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