Home Loan Documents

Generally, the documents required to process a loan application are almost similar across all banks, however they may differ depending upon specific requirements and other factors.

The following documents are required by financial institutions to process a loan application:

  • Proof of age
  • Proof of address
  • Proof of income of the applicant & co-applicant
  • Bank statements of the last 6 months
  • Passport size photographs of the applicant & co-applicant
Salaried individuals
  • Salary slip / Form 16 A
  • A photocopy of the first and last pages of Ration card or copy of PAN/Telephone/Electricity bills
  • A photocopy of Investments (FD Certificates, Shares, any fixed assets, etc., or any other documents supporting the financial background of the borrower)
  • A photocopy of LIC policies with the latest premium payment receipts (if any)
  • Photographs (as applicable)
  • A photocopy of bank statements of the last six months
Self-Employed/Businessmen
  • A brief introduction of Business/Profession.
  • Balance Sheet, Profit and Loss account and statement of income with Income Tax returns for the last 3 years certified by a CA.
  • A photocopy of Advance Tax payments (if applicable).
  • A photocopy of Registration Certificate of establishment under shops and Establishments Act/Factories Act.
  • A photocopy of Registration Certificate for deduction of Profession Tax (if applicable).
  • Bank statements of Current and Saving accounts for the last 6 months.
  • A photocopy of Certificate of Practice(if applicable).
  • A photocopy of any bank loan (if applicable).
  • A photocopy of the first and last pages of the Ration card or a copy of PAN/Telephone/Electricity Bills.
  • A photocopy of LIC policy (if applicable).
  • A photocopy of LIC policy (if applicable).
If a flat is purchased from the builder
  • Original copy of your agreement with the builder.
  • 7/12 extract or property register card of the land under construction.
  • Index II extract of your agreement with the builder.
  • Copy of N.A. permission for the land from the collector.
  • Search and title report (with the details of documents) for the last 30 years.
  • Development agreement between the owner of land and the builder.
  • Copy of order under the Urban Land Ceiling Act.
  • Copy of building plans sanctioned by the competent authority.
  • Commencement certificate granted by Corporation / Nagar Palika.
  • Building completion certificate(if available).
  • The latest receipts of taxes paid.
  • Partnership deed or memorandum of association of the builders firm.
If the property being purchased is in a Cooperative Society
  • Original share certificate of the society
  • Allotment letter from the society in the borrower’s name
  • Copy of the lease deed, if executed
  • Certificate of registration of the society
  • Copy of the byelaws of the society
  • No Objection Certificate from the society
  • 7/12 extract or property register card in the society's name
  • Copy of N.A permission for the land from the Collector
  • Search and title report (with the details of documents) for the last 30 years
  • Copy of order under the Urban Land Ceiling Act
  • Copy of building plans sanctioned by the competent authority
  • Commencement certificate granted by Corporation / Nagar Palika
  • Latest receipts of taxes paid
  • Original agreement to assign / deed of assignment.
If constructing on own land
  • Original sale deed of land and extract of Index II.
  • 12 extract or property register card in your name.
  • Copy of N.A. permission for land from the collector.
  • Search and title report (with the details of documents) for the last 30 years.
  • Copy of order under Urban Land Ceiling Act.
  • Copy of the building plans sanctioned by the competent authority.
  • Building permission granted by Corporation / Nagar Palika.
  • The latest receipts of taxes paid.
  • Estimate of cost of construction certified by the architect.