Documents Required

Sooner or later everyone needs a place of their own, and the best way to achieve that goal for a person from a mid-income household in India is to get a home loan. Government of India has schemes in place to assist house buying/building for the citizens. Nowadays, home loans are easy to come by. But only if all your documents in order.

To secure a home loan, an applicant must submit a number of documents that establish their KYC, the antecedents of the property they wish to purchase, their income background etc. depending on which category of customers (salaried/professional/businessman/NRI) they belong to.

The documents required vary from bank to bank. Below are some lists of document which are most commonly required to apply for a home loan in India.

  • List of papers / documents applicable to all applicants:
  • Completed Home loan application
  • 3 passport size photographs (including those affixed in loan application)
  • Proof of identification: Electoral ID Card / Passport / Driving License / PAN card.
  • Proof of residence: Electoral ID Card / Passport / Electricity Bill / Telephone Bill.
  • Proof business address, in case of non- salaried borrowers
  • Statement of bank account for the last six months
  • Signature identification from present bankers
  • Personal Assets and Liabilities Statements in Bank’s standard format.
  • Brief write up of securities charged in respect of other loans availed from our Bank/other
  • Banks/ Auto & Housing Loan Companies /other sources.

Documents For Guarantor (Wherever Applicable)

  • Liabilities Statement and Personal Assets.
  • 2 photographs passport sized.
  • Pan Card Copy.
  • Residence proof.
  • Three Month Salary Slip.
  • Latest Two Year Form-16/ITR Copy.
  • Proof of business address(if businessman).
  • Aadhar Card Copy.

Additional documents required for salaried persons:

  1. Original salary certificate for last month.
  2. TDS certificate- Form 16 or copy of I.T. Returns for the last two financial years, duly
  3. acknowledged by I.T. Deptt.*
  4. For professional /self- employed / businessmen
  5. Three years I.T.Returns duly acknowledged by I.T Deptt./ I.T. Assessment Orders for
  6. computation of income*
  7. Copies of challans in respect of advance payment of income tax*

List of Property Documents:

  • a) Sale Deed, Agreement of Sale. Original Share Certificate(s) issued by the society.
    b) Land and Building tax paid receipts, possession certificate, and location sketch of

    Property certified by revenue authorities.

    c) Letter of allotment from Housing Board /Society/ Private builder.
    d) Original receipts regarding advance payments towards purchase of flat .
    e) Non encumbrance certificate for the last 12/30 years.
    f) Original of land tax paid receipt and possession certificate issued by the revenue
    authorities.
    g) Copy of permission from Appropriate Authority and approved building plan (and also
    key plan / floor plan incase of purchase of flats)
    h) Original NOC under ULC Act 1976
    i) Copy of the relative order in case of conversion of agricultural land.
    j) Original No objection certificate from Housing Society / Builder
    k) Detailed estimate of cost of construction of House
    l) Letter from the Builder / Society /Housing Board intimating their account number and
    name of their bankers, for remittance of installments.

    Other documents

    a) In case of loan granted for purchase of plot of land, declaration by the borrower agreeing to
    construct the house within the stipulated period.
    b) Lawyer’s report as per the standard format (Bank’s of Instructions)
    c) Valuation report from empanelled valuer as per standard format.

  • In event of demise of the loan borrower:
  • Letter requesting handing over of Property documents from Legal Heir/Nominee(s).
  • Letter relinquishing the right to Legal Heirs/Nominees for Property documents handover.

List of Home Loan Documents Required for Non Resident Indians(NRIs)

  • Document establishing KYC.
  • Salary Certificate from employer stating in English the name (as per passport), designation, passport number, date of joining, latest salary.
  • Last 6 months’ salary slips reflecting variable components like incentives, overtime, etc.
  • Latest IT Returns (for applicants filing IT returns in the country).
  • For Self Employed NRIs, business documents like Trade License, Sponsor Agreement, Power of Attorney, etc.
  • Copy of Passport showing the page of residence visa.
  • Proof of employment by the Government of the residing country like work permit, labour contract, etc.
  • Documents related to the Property with cost estimates from an Indian Architect or Engineer.
  • For Salaried NRIs, income documents attested by embassy official required if there’s no documented evidence for salary credit or fund remittance to India is available.
  • Bank statements copies from overseas of the past 6 months.
  • Last 6 months’ NRO/NRE bank statement.
  • If applicant is unavailable in the country at the time of signing documents, Power of Attorney needs to be produced by the person acting on their behalf.

List of Documents Needed for KYC Compliance

Some of the usual documents admitted as KYC are mentioned below:

Photo Id Proof (Any One Required):

  • Passport
  • PAN Card
  • Driving License
  • Voters ID Card
  • Residence Proof (Any One Required):
  • Electricity Bill
  • Ration Card
  • Telephone Bill
  • Employment Letter
  • Passbook or Bank Statement with address

Proof of Age:

  • PAN card
  • Passport
  • Birth certificate
  • Driving license
  • Bank passbook
  • Besides the ones mentioned above, the banks have the right to ask for any document they deem necessary to the loan sanctioning and verification process.
  • Documents Required
    BanksSalariedSelf-Employed
    CITIBANK1) Application form with photograph,
    2) Identity & residence proof,
    3) Latest salary slip,
    4) Form 16,
    5) Last 6 months bank statements,
    6) Processing fee cheque
    1) Application form with photograph,
    2) Identity & residence proof,
    3) Education qualifications certificate & proof of business existence,
    4) Business profile,
    5) Last 3 years profit/loss & balance sheet,
    6) Last 6 months bank statements,
    7) Processing fee cheque
    ICICI1) Application form with photograph,
    2) Identity & residence proof,
    3) Age Proof
    4) Latest 3 months salary slip,
    5) Form 16,
    6) If current service is less than 2 years than previous company relieving letter,
    7) Last 6 months bank statements,
    8) Processing fee cheque
    1) Application form with photograph,
    2) Identity & residence proof,
    3) Education qualifications certificate & proof of business existence,
    4) Business profile, Last 3 years profit/loss & balance sheet,
    5) Last 6 months bank statements, Processing fee cheque
    HDFC1) Application form with photograph,
    2) Identity & residence proof, 3) Latest salary slip,
    4) Form 16,
    5) Last 6 months bank statements,
    6) Processing fee cheque
    1) Application form with photograph,
    2) Identity & residence proof,
    3) Education qualifications certificate & proof of business existence,
    4) Business profile, Last 3 years profit/loss & balance sheet,
    5) Last 6 months bank statements,
    6) Processing fee cheque
    IDBI1) Application form with photograph,
    2) Identity & residence proof, 3) Latest salary slip,
    4) Form 16,
    5) Last 6 months bank statements,
    6) Processing fee cheque
    1) Application form with photograph,
    2) Identity & residence proof,
    3) Education qualifications certificate & proof of business existence,
    4) Business profile, Last 3 years profit/loss & balance sheet,
    5) Last 6 months bank statements,
    6) Processing fee cheque
    LIC HOUSING FINANCE1) Application form with photograph,
    2) Identity & residence proof,
    3) Latest 3 months salary slip,
    4) Form 16,
    5) Last 6 months salaried bank statements,
    6) Processing fee cheque
    1) Application form with photograph,
    2) Identity & residence proof, Education qualifications certificate & proof of business existence,
    4) Business profile, Last 3 years profit/loss & balance sheet,
    5) Last 6 months bank statements,
    6) Processing fee cheque
    SBI1) Application form with photograph,
    2) Identity & residence proof,
    3) Last 3 months salary slip,
    4) Form 16,
    5) Last 6 months bank salaried credit statements ,
    6) Processing fee cheque
    1) Application form with photograph,
    2) Identity & residence proof,
    3) Education qualifications certificate & proof of business existence, 40Business profile,
    5) Last 3 years profit/loss & balance sheet,
    6) Last 6 months bank statements,
    7) Processing fee cheque
    ING VYSYA1) Complete application form,
    2) processing fees cheque,
    3) Identification Proof,
    4) Residential proof,
    5) Signatures Proof, Last 3 months salary slip,
    6) Form 16 ,Last 3 months bank statement
    1) Complete application form,
    2) Identification Proof,
    3) Residence Proof,
    4) Last 3 year ITR,
    5) Last 6 months bank statement ,
    6) as Processing fees cheque
    KotakComplete application form,Address Proof,Age Proof,Income Proof, last 6 months bank statement, last 3 months salary slip
    DHFL1) Complete Application Form,
    2) Residence Proof, Identification Proof,
    3)Income Proof,Last 3 months Salary slip or Salary Certificate, If Salary is above 10000 per month than Latest Form 16
    4) Last 6 month bank statement
    Residence Proof, Identification Proof,Business Proof:
    1) Brief Business Profile on the letter head
    2) Copy of Shop & Establishment License / VAT Registration or any other mandatory license / registration
    3) Copy of Partnership deed
    Details of Contract,
    4) Copy of last 3 years Income Tax Returns,
    5) Copy of last 3 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant,
    6) Bank Statement for the last 1 year for the Savings A/c & Current A/c
    7) Form 16 /Tax deduction certificate
    8) Copy of Advance Tax paid / self assessment tax paid Challan
    STANDARD CHARTERED1) Application form with photograph,
    2) Identity & residence proof,
    3) Last 3 months salary slip,
    4) Form 16,
    5) Last 6 months bank salaried credit statements ,
    6) Processing fee cheque
    1) Application form with photograph,
    2) Identity & residence proof,
    3) Education qualifications certificate & proof of business existence,

    4) Business profile,
    5) Last 3 years profit/loss & balance sheet,
    6) Last 6 months bank statements,
    7) Processing fee cheque