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Documents Required for Home Loan

Home Loan Documents for Salaried

Last Updated 01st Nov 2020


  • Application Form - Signed Application form with photo
  • Identity Proof such as PAN card or Passport
  • Address Proof - Any residence proof like passport, voter card, driving license, bank statement or passbook, landline bill, etc.
  • Income Proof - Salary slip, bank statement of 6 months, Form 16
  • Property Documents such as Registered Sale Deed, Past Sale Deeds, House Tax Receipt (Latest)
  • In case of a co-borrower, submit documents such as identity proof, income proof and address proof
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Checklist of Documents Required for home loan

Having a house of your own is no more a rich’s dream now, availing a home loan will help you turn your dream into a reality without many efforts in a hassle-free manner. With the number of online loan aggregators increasing day by day, one can apply for a home loan in an easy way with no added complexities involved. A lender will offer you a home loan after getting all the formalities done right from your documentation verification to know you better.

Home Loan

A loan approval process is complete only when the document verification is successful. Without going through this verification procedure, your application is not completed. However, your documents may differ from one bank to another bank in a more or less similar manner but they are quite important to get any loan. As a home loan is itself a secured loan unlike mortgage loans, property papers and other documents are of utmost importance which many loan seekers may forget to maintain and that may cancel your loan approval by the lender. Generally, the documents required to process your application are almost similar across all the lenders including KYC documents, income documents, documents for home loan balance transfer and property documents etc. However, these documents vary among lenders depending upon the specific requirement. Here, is the list of certain important documents that are required by financial institutions to process your application.

Documents Required for Housing Loan

Salaried Self Employed
Application Form with photo and signed by Primary Borrower and Co-borrower(s) ✔ ✔
Identity Proof of Primary Borrower and Co-borrower(s) – PAN Card (Mandatory) ✔ ✔
Residential Address proof of Primary Borrower and Co-borrower(s) – Any one of passport, Aadhaar card, voter I card, landline bill, registered rent agreement, driving license, bank statement or passbook or utility bill. Bills and statements must not be more than 3 months old ✔ ✔
Office address – ownership/ lease / rent agreement/ utility bill ✔

Housing Loan Income Documents

Salaried Self Employed
Last 3 years Form 16, last 6 months salary slip, last 6 months bank account statement showing salary credit ✔
Last 3 years ITR (self and business), profit and loss account, balance sheets certified/audited by a CA. Last 12 months bank account statement (self and business) ✔
Certificate and Proof of Business Existence ✔
Business Profile ✔

List of Property Documents for Home Loan

Salaried Self Employed
  • Ready Property- Registered Sale Deed/ Conveyance/ Lease Deed
  • Under construction builder property – Builder buyer agreement, receipts of payment made, allotment letter
✔ ✔
Past Sale Deeds Chain (each transaction in respect of this property since first allotment) ✔ ✔
Latest House Tax Return/ Receipt (not needed in case of under construction property) ✔ ✔
Approved Building Plan from Municipal Corporation for self constructed property Case To Case

Documents needed for Home Loan Balance Transfer

Salaried Self Employed
Loan statement (loan track) and list of property documents (LOD) in possession of existing lender ✔ ✔
Last 12 months statement of bank account from which loan EMI is paid ✔ ✔

FAQs

✅What documents are needed for a home loan?

To avail home loan you need identity proof, address proof, income proof (bank statement, salary slip), along with property documents (sale deed, past sale deed, house tax receipt).

✅What documents are required to avail home loan without ITR?

To avail a home loan without ITR, a self employed borrower can submit the following documents:

  • Balance Sheet and Profilt & Loss Statement after being attested by CA.
  • Bank account statement of the for the current account of business entity and the savings account statement of the individual.

✅How to avail home loan without income proof?

Certain lenders also provide home loan without income proof to applicants who owns small shops and business like ‘kirana store’. In such a case the repayment capability is assessed based on the income identified through bank statement, along with their other savings and liabilties.

✅What is the minimum salary required for a home loan?

The minimum salary required to avail of a home loan is ₹ 25,000.

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*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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