List of Documents Required for Home Loan

The papers needed to get a home loan are pretty similar no matter where you apply, be it a bank or a Housing Finance Company (HFC). But the exact documents you'll need might change depending on things like the type of loan you're getting, the type of property you're buying, and your own credit history. Here's a basic list of the main documents you'll typically have to provide when you apply for a home loan:

1. A filled-out and signed form for applying for a home loan.

2. Proof of Identity: (Any one of the below)

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

3. Proof of Age: (Any one of the below)

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

4. Proof of Residence: (Any one of the below)

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

5. Proof of Income for Salaried:

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

6. Proof of Income for Self Employed:

• Proof of Business Address
• Income Tax Returns (ITR) of last 3 years
• 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)
• Balance Sheet and Profit & Loss Account Statement of the Company/Firm (duly attested by a C.A.)

Note: Some banks and Housing Finance Companies (HFCs) provide home loan options for individuals who receive their salaries in cash or may not have sufficient income proofs. These options include:

1. Unnati Home Loan from PNB Housing Finance.
2. HDFC Reach Home Loan.
3. Griha Suvidha Home Loan from LIC Housing Finance.
4. Gruh Setu Home Loan from Piramal Capital and Housing Finance.
5. IDFC First Bank Home Loan.

7. Property documents:

1. Copy of plans approved by Local Authorities.
2. Proof of no encumbrances on the property.
3. Allotment Letter or Buyer Agreement.
4. Title Deeds, including the chain of previous property documents (for resale houses).
5. Copy of the sale agreement (if already signed).
6. Title Deeds of the plot (for house construction).
7. Receipt for initial payment made to the house seller.
8. Receipts for payments made to the developer (for new houses).
9. Detailed construction estimate by an Architect or Civil Engineer.

8. Other Documents:

1. Passport size photographs of all applicants/co-applicants (to be affixed on the application form and signed across).
2. Proof of own contribution towards the property purchase.
3. Bank statements for the last 6 months showing repayment of ongoing loans, if any.
4. Details of ongoing loans, including outstanding amount, monthly installments, purpose, remaining loan tenure, etc., in the name of individuals or business entities, if applicable.
5. A cheque for processing fee payable to the home loan provider.

For Salaried:

• Employment Contract / Appointment Letter if the current employment is less than a year old

For Self Employed:

1. Business Profile.
2. Latest Form 26 AS (Tax Credit Statement).
3. Memorandum and Articles of Association of the Company.
4. Partnership Deed if the business entity is a partnership firm.
5. List of Directors and Shareholders with their individual shareholding, certified by a Chartered Accountant (CA) or Company Secretary (CS) if the business entity is a company.

• KYC Documents:
• Passport with VISA stamps or PIO Card.
• Proof of Address indicating your current overseas address.
• Proof of Income for Salaried:
• Work Permit.
• Employment Contract, Appointment Letter, or Offer Letter (attested by employer/ consulate/foreign office/embassy if in a language other than English).
• Labor card/identity card (documents in a language other than English must be translated into 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 to NRE/NRO account (if any).
• Credit Bureau Report (if available in the country where you are residing).
• Duly acknowledged copy of last year's Income Tax Return (ITR) (except for NRIs/PIOs located in Middle East countries and employees in the Merchant Navy).
• Copy of Continuous Discharge Certificate (CDC) for applicants employed in the merchant navy.
• Form P60/P45 and latest employment contract (for salaried individuals).
• Loan Account statement for the last 1 year if there was any previous loan from other Banks/Lenders.
• 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.

• KYC Documents: PAN card, Aadhaar 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: List of documents from existing financier and repayment track record, Latest principal outstanding letter.