List of Documents Required for Home Loan in India

Documents required for home loan application in India: Everyone has a dream to construct a house and these home loans are very helpful for such persons to construct their house. The candidate needs to provide some documents to the bank in order to apply for the home loan. The documents to be provided differ from person to person depending on the profession they are doing. Every bank provides a different procedure in applying for home loans. 

The persons applying for the home loan have to be ready with all necessary documents for their identity as well as property or flat they are going to purchase. The bank is going to cross check and do a background verification of their property. The bank also checks the repayment capacity of the candidate who is going to take the loan. After passing all these checks only the person can get a home loan from the bank.

The Documents Required for Home Loan Application in India are Given Below:

The candidates can check individual banks website for their requirement, but most of them ask for a common set of documents. When you apply for a home loan, the main documents majority of banks are looking for are listed below:

If you are a salaried person:

  • Your last 3 months salary slip
  • Last 3 years form 16 (some banks ask for last 2 years)
  • Your salary accounts statement of last 6 months
  • You other savings (NSC, Bonds, Mutual funds if any) and insurance (life insurance, health insurance etc) details
  • Photo identity card (passport, pan card, voter id)
  • Current address proof (Electricity bill, telephone bill etc)
  • Copy of all bank pass books / bank statements for the past 3 months including front page
  • Company profile if it is a lesser known organization
  • KYC Documents

If you are a business man or self-employed

  • Last 3 years income tax returns
  • Balance sheet of your business
  • Last 6 months savings account statement (If require current account statement)
  • You other savings (NSC, Bonds, Mutual funds if any) and insurance (life insurance, health insurance etc) details
  • Photo identity card (passport, pan card, voter id)
  • Current address proof (Electricity bill, telephone bill etc)
  • Copy of either Shop or Establishment License / VAT Registration or any other mandatory license / registration or old ITRs evidencing business
  • Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable)

If you are a Self – Employed Professional

  • KYC Documents
  • Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant
  • Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant
  • Brief Business Profile on the letter head of the firm by the applicant
  • Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account
  • Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable)
  • Copy of Advance Tax paid / Self Assessment Tax paid challan
  • Copy of Educational Qualification Certificate
  • Copy of Professional Practice Certificate.
The candidates should provide documents to the bank depending on their profession to get the home loan.
List of Documents Required for Home Loan in India List of Documents Required for Home Loan in India Reviewed by amara sangati for Rating: 5