Documents Required for Home Loan

Applying for a home loan goes beyond choosing a lender or rate, it starts with meeting eligibility criteria and organising your documents for submission. Lenders require a variety of documents for home loans to assess your eligibility, verify your financial background, and process your application efficiently. 

Lenders rely on specific documents to evaluate your home loan application, so having them ready can make the process smoother and quicker. While the exact list may vary between lenders, the following are the standard categories of the documents required for a housing loan:

• Identity Proof

• Address Proof

• Income Proof

• Employment Details

• Property Documents

• Bank Statements

• Photographs

• Loan Application Form

Make sure to keep these documents ready in both physical and digital formats to ensure a smooth 

To get a home loan approved, you, as a salaried applicant, need to submit all required documents. These help lenders verify your identity, income, and property details. Below is a list of general and property-related documents commonly required:

General Documents Required for a Home Loan

• Identity and address proof:

  • Aadhaar card

  • PAN card

  • Birth certificate

  • Electricity bill

  • Voter ID

  • Passport

• Document showing your verified signature

• Bank statements from the last six months

• Statement of personal assets and liabilities

• Complete set of initial property documents

• Salary certificate from the current employer

• Form 16 and Income Tax Return (ITR) for the past two financial years

• Proof of age

Property Documents Required for a Home Loan

• Sale deed, share certificate, or sale agreement

• Tax payment receipts for both land and building

• Verified possession certificate

• A certified sketch or blueprint of the property location from the revenue authority

• Allotment letter issued by the housing board or builder in your name

• Non-encumbrance certificate for the past 12 or 30 years

• Possession and land tax payment certificate from the revenue authority

• Approved floor plan of the property

• NOC under the Urban Land Ceiling (ULC) Act, 1976

• Property valuation report from an authorised valuer

• Power of attorney document (if applicable)

• Land conversion order if agricultural land has been converted to residential use

Lenders assess self-employed applicants differently from salaried individuals. They pay close attention to the following factors:

• Stable Income 

• Business Registration 

• Tax Compliance 

Below is a list of documents for a home loan that lenders usually require when processing a home loan application for self-employed individuals:

• Identity Proof: Submit your Aadhaar Card, PAN Card, or Passport

• Address Proof: Provide utility bills, Aadhaar Card, or a valid rent agreement

• Income Proof: Include your Income Tax Returns (ITRs) for the last 2 to 3 years

• Financial Records: Share your company’s profit and loss statements

• Bank Statements: Submit statements for the last 6 to 12 months

• Business Proof: Provide documents such as GST registration, trade license, or partnership deed

Non-Resident Indians (NRIs) looking to invest in real estate in India can apply for a home loan to maintain their connection with their roots. When applying, NRIs must produce the following documents for home loans:

Identity Proof

• Valid passport to confirm your identity and nationality

• Valid Visa to establish your NRI status

Address Proof

• Overseas Address Proof: Utility bills, rental agreement, or bank statements

• Indian Address Proof: Aadhaar card, voter ID, or utility bills

Income Proof

• Salary slips or overseas bank statements (last 6–12 months)

• Employment contract or work permit

• Income Tax Returns (if required by the lender)

Property Documents

• Sale Agreement or Sale Deed

• Possession Letter from the builder or seller

• Title Deed for proving ownership

• Allotment Letter or Construction Agreement

Additional Documents

• Power of Attorney: If you appoint someone to act on your behalf in India

• Bank Statements: From both overseas and Indian accounts

Here is a comprehensive list of all the property-related documents you may be asked to submit when applying for a home loan:

• Deed of Sale or Sale Agreement or Share Certificate (original) in case the property is in a cooperative society
• Receipts for the taxes paid for the building and the land, a certificate of possession, and a certified sketch of the location of the property from revenue authorities
• Allotment letter from the society/housing board/private builder
• Receipts of advance payments in case of flat purchases
• Certificate of non-encumbrance encompassing the last 12 or 30 years
• Receipt of land tax payment and certificate of possession issued by the revenue authorities
• Approved building plan (showing floor plan for flat purchase)
• Original No Objection Certificate (NOC) issued under the ULC Act, 1976
• Copy of the relevant order if agricultural land is being converted
• No Objection Certificate (NOC) from the builder/housing society
• A detailed estimate of the construction cost
• A letter from the society/builder/housing board mentioning their bank and account details, for instalment remittance
• Report from a lawyer as per the standard format
• A report stating the valuation of property in the standard format by an empanelled valuer
• Power of Attorney for collecting the original documents of the property 
• In the event of the demise of the borrower:
• Letter requesting the handing over of the property documents from the legal heir/nominee(s)
• Letter relinquishing the right to legal heirs/nominees for the property documents handover 

To get a home loan, you must complete the KYC process and submit these documents:

Identity Proof

Provide any of these:

• Aadhaar card, PAN card, passport, voter ID, or driver’s licence

• Employer or government-issued ID

• A debit or credit card with your name

Address Proof

Submit one or more of the following:

• Passport, voter ID, driver’s licence, or registered rent/sale agreement

• Recent utility bills (not older than 3 months)

• Proof issued by a government body or recognised authority

Income Proof

• Salaried: Last 2–3 salary slips

• Self-employed: ITRs or audited financials

Bank Statements

• Last 6 months’ statements

Lenders may ask for additional documents depending on the loan type and policy.

Guarantors are individuals who agree to repay the loan on your behalf in case you default. Here is the list of documents for a home loan that lenders require a guarantor to provide:

• ID Proof: Passport, driver’s licence, or government ID

• Address Proof: Utility bill, rental agreement, etc.

• Income Proof: Salary slips, tax returns, or job contract

• Bank Statements: Last 3–6 months

• Credit Report: From a recognised credit bureau

• Guarantor Agreement: A signed document stating responsibilities