Home Loan Documentation

Home Loan Documentation

Applying for home loans online or offline requires the borrower to submit a list of documents as demanded by the lender. Generally all banks follow same guidelines for collecting required documents. Documents required may vary from Customer to Customer. Below listed are the documents that is required to process the loan faster. Self-Attested copies of Documents are solicited

Standard Documents list
  • The Signed application form duly filled with photograph(Applicant & Co Applicant)
  • Identity proof (Pan Card/Passport/Voter ID/ Driving license)
  • Signature proof. (Valid passport/ Pan Card/ Banker’s verification letter.)
  • Date of Birth proof (Passport/Pan Card/10th marks card/Birth Certificate.)
  • Residence Proof – (Passport/ Utility bills/ Bank Statements/Voter ID /latest telephone bill/)
  • Cheque of Processing Fee.

 

Salaried Individuals
  • Identity Card and Business Card of the Current Employer
  • Last 2 years Form 16 or Income Tax Returns
  • Last 3 months salary slips
  • Last 6 months bank statement reflecting salary credits reflecting salary credits
  • Appointment letter & Increment/Promotion letters.
Self-employed Individual/ Proprietorship
  • Prof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate.
  • Latest 12 months bank statement- Savings Account and Current Account.
  • Existing Loans’ Sanction letters accompanied with repayment track.
  • Business profile on the letterhead of the company.
  • Balance Sheet, Profit and loss account, income tax returns for the last 3 years certified by CA.
Partnership Firm/ Partnership LLP
  • Age proof of all the partners in the form of PAN Card, Passport or Adar Card.
  • PAN Card of the company.
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement.
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate.
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account.
  • Partnership deed.
  • Existing Loans’ Sanction letters accompanied with repayment track.
  • Business profile on the letterhead of the company.
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, and passport.
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement.
  • PAN Card of Company.
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate.
  • MOA, AOA, List of Directors, Share Holding Pattern of the Company.
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account.
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors.
  • Business Profile on the Letter Head of the Company.
Property Documents
  • Sale Deed/Title deed /Mother deed/Conveyance Deed
  • Sale Agreement/Draft Agreement of Sale. Original Share Certificate(s) issued by the society
  • Katha Certificate and Extracts
  • Land and Building tax paid receipts, possession certificate, and location sketch of property certified by revenue authorities.
  • Non encumbrance certificate for the last 12/30 years.
  • Occupancy Certificate
  • Approved Plan of building
  • Chain of deeds in case of resale property
  • Original receipts regarding advance payments towards purchase of flat
  • Letter of allotment from Housing Board /Society/ Private builder.