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List of Documents for Home Loan

15 Must-Have Documents Required for Home Loan

  • Loan application form.
  • 3 photographs passport sized.
  • Identify proof.
  • Residence proof.
  • Bank Account Statement/Passbook for last 6 months.
  • Signature verification by bankers of the applicant.
  • Personal Assets and Liabilities Statement.
  • Property detailed documents.
  • Employer's salary certificate (original) (employees with a salary)
  • Returns on Form 16/IT over the previous two fiscal years. (individuals who are paid a salary)
  • Copies of the last three years' IT returns/assessment orders (Individuals who work for themselves.)
  • Challans as proof of payment of advance income tax (Individuals who work for themselves.)
  • Non-salaried persons must provide proof of company address (Individuals who work for themselves).
  • Copies of the last three years' IT returns/Assessment Orders (Self-Employed Entrepreneurs).
  • Challans as proof of payment of advance income tax (Self-Employed Entrepreneurs).

List of KYC Documents for Home Loan Application

Photo Id Proof (Any One Required):

  • Passport
  • PAN Card
  • Driving License
  • Voters ID Card

Residence Proof (Any One Required):

  • Electricity Bill
  • Ration Card
  • Telephone Bill
  • Employment Letter
  • Passbook or Bank Statement with address

Proof of Age:

  • PAN card
  • Passport
  • Birth certificate
  • Driving license
  • Bank passbook
  • Marksheet from 10th class

List of Documents Required for Loan Guarantor

  • Liabilities Statement and Personal Assets
  • 2 photographs passport-sized
  • Identify proof
  • Residence proof
  • Proof of business address
  • Signature identification from present bankers

Property Documents for a home loan

  • Payments to the developer's receipts (in case of a new house).
  • Buyer Agreement / Allotment Letter
  • The sequence of prior property documents is included in the title deeds (in case of house resale).
  • A copy of the contract of sale (if already executed).
  • Receipt of the first payment given to the seller of the home.
  • Deeds of the plot's title (in case of house construction)
  • An architect or civil engineer's thorough estimate of the cost of building a house.
  • A copy of the plans that the local government has approved.
  • There must be proof that the property is free of encumbrances.

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