What Documents required for Home Loan

Keeping all the Documents ready is very much important while you are planning to take Home Loan. The Documents required for a home loan are almost the same in every bank, housing finance, and other companies. Only additional documents are required when there are some additional requirements. Let’s check below all those documents which you need to keep ready, while you are going to take a home loan.

Documents required for Home Loan

1. House loan Application form

Home loan form is the first document that is required at the time of Home Loan. In this, all the details must be properly filled.

2. Passport size photograph

A passport size photograph is always required. when we are doing any official documentation work. So it is very necessary to keep passport size photos. In every step of doing the documentation of the Home Loan.

3. Proof of the Age

  • Aadhaar card
  • PAN Card
  • Passport
  • Driving License
  • voter’s ID Card
  • Bank passbook

4. Residence proof

  • Telephone bill, Electricity bill, Water bill, Gas bill
  • Bank passbook
  • Aadhaar Card
  • Passbook
  • Rashan card
  • Voter ID

5. Proof of the Identification

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

6. Property Documents Requirement For Home Loan

  • Complete Documents of the cost of construction of the house.
  • Copy of Agreement to sell.
  • Copy of the Allotment letter or Buyer Agreement
  • Detailed payment receipt or bank account statements showing payments made to the Builder or Seller.
  • NOC from Society/Builder
  • Occupancy Certificate if there is a requirement of ready to move in properties.
  • A Copy of the building approval plan. Such as Key plan/Floor plan in case of purchase of flats.

7. Income Document

Self-employed person
  • Business License Detail or Related Documents.
  • Complete Documents or Licenses of professional Practice like- Doctors etc
  • Income tax return of the last 3 years
  • Balance Sheet and profit and loss statement of the company or firm duly attested by a C.A.
  • Proof of Business Address
Salaried Individual
  • Certified letter from Employed
  • salary slip of last 2 months
  • IT returns of past 3 years
  • Promotion or Increment letters

Taking the Home loan is one of the major steps while you are planning to purchase or construct your dream house. These are the list of the Documents required when you are planning to take the Home Loan. In this many Documents are common. So, it very necessary to complete all your Documentation very carefully.

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