Documents Required for Home Loan

A home loan approval process is complete only when the document verification is successful. Without going through this verification procedure, your application is not completed. As home loan is a secured loan, property papers and other documents are of utmost importance. Generally, the documents required to process your application are KYC documents, income documents, documents for home loan balance transfer and property documents etc. Home loan documents may differ from one bank to another bank but they are quite important to get any loan. Here is a general home loan documents list that is required by financial institutions to process your application.

Following are the home Loan documents required for  salaried employees:

• 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 ID 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
• Last 3 years Form 16, last 6 months salary slip, last 6 months bank account statement showing salary credit
• 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)