Documents Required for Home Loans in India
Documents required for home loan are more or less similar for all types of Home Loans, Loan Against Property and Business Loans. They vary as per borrower profile as follows:
Salaried Customers | Self Employed Professionals (Eg. CAs, Doctors, Lawyers, Architects etc.) |
Self Employed Non-Professionals (Businessmen) |
Personal Documents | ||
Application form with Processing Fees Cheque | Application form with Processing Fees Cheque | Application form with Processing Fees Cheque |
Passport-size photo of each applicant | Passport-size photo of each applicant | Passport-size photo of each applicant |
PAN Card copy of each applicant | PAN Card copy of each applicant | Age proof of each applicant – PAN Card copy |
Residence Address proof | Residence Address proof | Residence Address proof |
– | Office Address Proof | Office Address Proof |
– | Partnership Deed / MOA of Company, if applicable | Partnership Deed / MOA of Company, if applicable |
– | List of Directors – certified by CA, in case of Company | List of Directors – certified by CA, in case of Company |
– | Shareholding pattern – certified by CA, in case of Company | Shareholding pattern – certified by CA, in case of Company |
– | Brief Business profile | Brief Business profile |
– | Qualification Proof | – |
Income Documents | ||
Salary-slip for last 3 months | Last 3 years Income Tax returns (self and business) with Computation of Total income | Last 3 years Income Tax returns (self and business) with Computation of Total income |
Form-16 copy for last 3 years | Last 3 years P&L A/c, Balance Sheet with detailed schedules – certified by CA | Last 3 years P&L A/c, Balance Sheet with detailed schedules – certified by CA |
Income tax returns for last 3 years, if available | Last 3 years Audit Report, Form 3CD, if applicable | Last 3 years Audit Report, Form 3CD, if applicable |
Appointment letters for last 3 years, if Form No.16 / ITRs are not available | Copy of TDS certificates / VAT Returns / Service Tax returns, if applicable | Copy of TDS certificates / VAT Returns / Service Tax returns, if applicable |
Bank Statements | ||
Last 6 months bank statements of saving bank A/c | Last 6 months bank statements of Current A/c and Savings A/c | Last 6 months bank statements of Current A/c and Savings A/c |
Detail of current Loans with supporting documents and 6 months bank statement showing EMI repayments | Detail of current Loans with supporting documents and 6 months bank statement showing EMI repayments | Detail of current Loans with supporting documents and 6 months bank statement showing EMI repayments |
– | Copy of Bank CC/OD limits sanction letter, if applicable | Copy of Bank CC/OD limits sanction letter, if applicable |
Property Documents, if identified | ||
Photocopy of all property documents & Approved Sanction Plan, if applicable | Photocopy of all property documents & Approved Sanction Plan, if applicable | Photocopy of all property documents & Approved Sanction Plan, if applicable |
Additional Documents in Balance Transfer Cases | ||
Copy of Sanction letter of earlier bank | Copy of Sanction letter of earlier bank | Copy of Sanction letter of earlier bank |
Full Repayment Track Record of earlier bank | Full Repayment Track Record of earlier bank | Full Repayment Track Record of earlier bank |
Principal outstanding letter | Principal outstanding letter | Principal outstanding letter |
List of Original Property Documents acknowledgement with earlier bank | List of Original Property Documents acknowledgement with earlier bank | List of Original Property Documents acknowledgement with earlier bank |