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Documents Required for Home Loan

Home Loan Documents for Salaried

Last Updated 20th Jan 2021

  • 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.

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


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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Home Loan News - Jan 2021
  • 2021-01-19 : ank of Maharashtra reported Q3 profit up of ₹154 crore
    Bank of Maharashtra reported a net profit of Rs. ₹154 crores in the third quarter ended December 31, 2020, against ₹135 crores in the year-ago quarter. Advances that include home, personal, car, two-wheeler and gold loan along with business and mudra loans increased by 12 per cent year-on-year to ₹1,04,904 crore. Further, deposits which include FD and Rds increased by 14% to ₹1,61,971 crore. The share of the low-cost current account, savings account (CASA) deposits improved to 50.91% of total deposits from 50.51% in the preceding quarter.
  • 2021-01-18 : HDFC Bank net profit rose by 18%
    HDFC Bank net profit grew by 18% over a year ago in the December-ended quarter on the back of improved net interest income. Advances which include home, personal, car, two-wheeler and gold loans along with business and mudra loans during the quarter rose 15.6% year-on-year to Rs 10.82 lakh crore. Deposits which includes FD and RD grew by 19% from last year to Rs 12.7 lakh crore. Further, The CASA ratio for the bank stood at 43%.
  • 2021-01-18 : Karnataka Bank Q3 net profit rises to ₹135 cr
    Karnataka Bank posted a net profit of Rs 135 crore for the December quarter of current financial year with a growth rate of 10%. Further, net interest income rose 21% to ₹614 crore from ₹508 crore in Q3FY20.
  • 2021-01-15 : HDFC Bank revised its home loan rates
    HDFC banks revised its home loan rates. The lowest home loan for customers above the CIBIL score of 750 is 6.80%.
  • 2021-01-15 : SBI home-loan rates now start at 6.8%
    SBI has reduced the interest rate on its home loans up to ₹30 lakh to 6.80% from 6.90%. Further, for home loans above ₹30 lakh, the lowest interest rate is 6.95% from earlier 7%. Further, the bank also plans to offer 100% waiver on loan-processing fees.
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