- MyLoanCare
- Home Loan
- Home Loan Documents
Documents Required for Home Loan
Home Loan Documents for Salaried
- Home loan documents list may vary across banks and NBFCs.
- Documents required for home loan application by salaried and self-employed are different.
- A salaried employee has to submit identity proof, address proof, income proof and identity documents.
- Documents required for home loan balance transfer include existing home loan documents such as EMI slips, previous home loan application form etc.
- In case of a co-borrower, you need to submit documents such as identity proof, income proof and address proof.
Sorry! You have exceeded your daily OTP limit. Please retry after 24 hours.
- MyLoanCare does not charge any fees for processing your application. Never pay any cash to anyone for your application.
- Never share your OTP with anyone.
Please Re-confirm Your Number
Please Re-confirm Your
Home Loan Documents
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 a 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 and property documents etc. Home loan documents may differ from one bank to another bank, but they are important to get any loan. Here is a general home loan documents list that is required by financial institutions to process your application.
Home Loan Documents Required for Salaried Employees
Following are the documents required for home loan for salaried person:
- Application Form with photo which is 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)
Home Loan Documents Required for Self Employed
Following is the list of documents required for home loan by self employed:-
- Application Form with photo
- Identity Proof of Primary Borrower and Co-borrower(s) – PAN Card (Mandatory)
- Residential Address proof (Any one of the following) – Passport, Aadhaar card, voter ID card, landline bill, registered rent agreement, driving license, bank statement or passbook or utility bill. These must not be more than 3 months old
- Office address – ownership/ lease / rent agreement/ utility bill
- 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
- Registered Sale Deed/ Conveyance/ Lease Deed
- Builder buyer agreement, receipts of payment made, allotment letter
- Past Sale Deeds Chain
- Latest House Tax Return/ Receipt
- Approved Building Plan from Municipal Corporation for self constructed property
Documents Required for Home Loan Transfer
Documents required to apply for home loan balance transfer are:-
- 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
Discover More About Home Loans
FAQs
✅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 home loan documents:
- Balance Sheet and Profit & Loss Statement after being attested by CA.
- Bank account statement for the current account of a business entity and the savings account statement of the individual.
✅How to avail home loan without income proof?
Certain lenders also provide home loans without income proof to applicants who own small shops and businesses like a ‘kirana store’. In such a case the repayment capability is assessed based on the income identified through bank statements, along with their other savings and liabilities.
✅What is the minimum salary required for a home loan?
The minimum salary required to avail of a home loan is ₹ 25,000. The minimum salary requirement for every bank and NBFC is different, ₹ 25,000 is generally required by banks.
✅What are the documents required for a home construction loan?
Documents required for home loan while the property is under construction are identity proof, address proof, income proof and builder buyer agreement, receipts of payment made, allotment letter.
✅Can I get a home loan if I don't have property documents?
No, to get a home loan, it is mandatory to have property documents required for home loan such as registration papers of the house as these are one of the primary documents to avail of the loan. In the case of under-construction property, banks may approve a home loan without registration documents. However, you must have a completion certificate, and the property must be registered after the possession.
✅What is the process of home loan documentation?
Home loan documentation is the process of submitting your documents for verification. It is mandatory to submit home loan documents to successfully complete your home loan application. Home loan documents can be submitted by providing a physical or soft copy of your documents.
✅What is the home loan documentation process of SBI?
SBI home loan documentation process involves submission of documentation and verification of SBI home loan documents. You need to submit documents at the time of applying for an SBI home loan.
-
Home Loan
Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000
Apply Now -
Personal Loan
Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.
Check Offers -
Gold Loan
Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500
Apply Now -
Loan Against Property
Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.
Apply Now -
Business Loan
Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.
Apply Now -
Fixed Deposit
AAA rated FDs with returns as high as 7.05%.
Invest Now
- 2022-05-24 : Home Buyers Welcome the Decision to Extend the PMAY Scheme
The Central Government has extended the PMAY Scheme-Urban till September 2022 in Maharashtra. - 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year. - 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21. - 2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII). - 2022-05-02 : HDFC Increase Interest Rates on Home Loans
The lender has hiked the lending rates by 5 basis points for existing customers. The adjustable-rate home loans for new customers with a credit score of above 750, however, will continue to be 6.70 percent.
