Documents required for Home Loan | Home Loan Purpose Documents

Docs for Home Loan

Generally the documents required to processing your loan application are almost similar across all the banks; however they may differ with various banks depending upon specific requirement etc. Following documents are required by financial institutions to process the loan application:

1. Age Proof

2. Address Proof

3. Income Proof of the applicant & co-applicant

4. Last 6 months bank A/C statement

5. Passport size photograph 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 asset 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 statement for 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 estatblishment 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 is being purchased is in a Cooperative Society

• Original share certificate of the Society.
• Allotment letter from the society in your name.
• Copy of the lease deed, if executed .
• Certificate of the 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 the building plans sanctioned by the competent authority.
• Commencement certificate granted by Corporation / Nagar Palika.
• The 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.

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