While there are many documents involved in a home loan application, here are 15 of the most common ones required for lenders in India (as of April 2024):
General Documents:
- Completed and Signed Loan Application Form: Provided by the lender.
- Two Passport-Sized Photographs
- Proof of Identity (Any One): Aadhaar card, PAN card, Passport, Voter ID card, Driving License
Proof of Residence (Any One):
- Aadhaar card with address
- Passport with address
- Utility bills (electricity, water, telephone)
- Bank account statement/passbook with address
- Ration card with address
Income Documents (Salaried):
- Salary Slips (latest 3 months)
- Employer Salary Certificate (original)
- Form 16/Income Tax Returns (ITR) for the past 2 years
Income Documents (Self-Employed):
- ITRs for the past 3 years
- Balance Sheet and Profit & Loss Account statements (CA attested)
- Business License or equivalent document
Property Documents:
- Detailed property documents (ownership papers, sale agreement etc.)
Additional Notes:
- This is a general list, and specific requirements may vary depending on the lender, loan type, and your profile.
- Some lenders may ask for additional documents like proof of existing loans or investments.
- It’s recommended to check with your chosen lender for their exact document requirements.