In order to obtain a home loan, it is important for the applicant to know the documents required for home loan. This includes documents for KYC verification, property documents, income proof, and proof of business existence if you are a self-employed professional. The list of documents required may differ depending on if the applicant is a salaried individual or a self-employed professional.

Documents list required for home loan

  • Property documents
  • Identity proof (any one)
  • Address proof (any one)
  • Passport sized photograph

Additional documents list required for home loan for self-employed applicants

Additional Read: Check eligibility for home loan

Detailed documents checklist for salaried and self-employed

Category

Salaried applicants

Self-employed applicants

Property documents

  • Sale deed, stamped agreement of sale, or allotment letter
  • NOC from housing society or builder
  • Possession certificate and land tax receipt from land/revenue department
  • Detailed estimation of construction cost
  • Bank account statement or payment receipt detailing payment made to seller or builder
  • Occupancy certificate (for constructed apartments)
  • Sale deed, stamped agreement of sale, or allotment letter
  • NOC from housing society or builder
  • Possession certificate and land tax receipt from land/revenue department
  • Detailed estimation of construction cost
  • Bank account statement or payment receipt detailing payment made to seller or builder
  • Occupancy certificate (for constructed apartments)

Identity proof (any one)

  • Aadhaar
  • PAN
  • Voter ID
  • Passport
  • Driving License
  • Aadhaar
  • PAN
  • Voter ID
  • Passport
  • Driving License

Address proof (any one)

  • Any of the above identity proof documents with the permanent address
  • Electricity bill
  • Telephone bill
  • Post-paid mobile bill
  • Water tax receipt
  • Property tax receipt
  • Any of the above identity proof documents with the permanent address
  • Electricity bill
  • Telephone bill
  • Post-paid mobile bill
  • Water tax receipt
  • Property tax receipt

Additional documents

  • Passport-sized photograph
  • Passport-sized photograph

Proof of income/business existence

  • Proof of income (latest salary slips), and
  • PAN
  • GST registration certificate
  • Trade license
  • Partnership deed
  • Articles of Association/Memorandum of Association
  • Import Export Code
  • SEBI registration certificate
  • ROC registration certificate

Financial statements

N/A

  • Profit & Loss Account Statement (Audited by a CA)
  • Balance Sheet (Audited by a CA)

Bank account statement

  • Account statements for the last 6 months
  • Account statements for the last 6 months


*Note:
This is an indicative list that may change based on your actual loan application.

List of documents required for NRI applicants

Document confirming KYC identity.
Employer-issued Salary Certificate in English, including name (as per passport), designation, passport number, date of joining, and current salary.
Salary slips from the last 3 to 6 months, showing variable components such as incentives and overtime.
Recent Income Tax Returns (for applicants filing taxes in their country of residence).
For Self-Employed NRIs, business documents such as Trade License, Sponsor Agreement, and Power of Attorney.
Passport copy showing the residence visa page.
Proof of employment from the government of the residing country, such as a work permit or labor contract.
Property documents with cost estimates from an Indian Architect or Engineer.
For Salaried NRIs, income documents attested by an embassy official are required if there is no documented evidence of salary credits or fund remittances to India.
Copies of overseas bank statements for the past 6 months.
Last 6 months' NRO/NRE bank statements.

List of documents required for loan guarantor

Liability Statement and Personal Assets.
2 passport-sized photographs.
Identification proof.
Residence proof.
Proof of business address.
Signature verification from current bankers.

List of property documents required for home loan

  • Deed of Sale, Sale Agreement, or Share Certificate (original) for cooperative societies.
  • Receipts for taxes paid on Building and Land, certificate of possession, and certified sketch of the property location from revenue authorities.
  • Allotment Letter from Society/Housing Board/Private builder.
  • Receipts for advance payments made for flat purchase.
  • Certificate of Non-encumbrance covering the last 12 years/30 years.
  • Receipt for land tax payment and certificate of possession issued by revenue authorities.
  • Permission letter from the Appropriate Authority.
  • Approved building plan (including floor plan for flat purchase).
  • Original No Objection Certificate issued under the ULC Act, 1976.
  • Copy of the relative order if agricultural land is being converted.
  • No Objection Certificate (NOC) from Builder/Housing Society.
  • Detailed estimate of construction costs.
  • Letter from Society/Builder/Housing Board with their bank and account details for instalment remittance.
  • For land plot purchases, a declaration by the loan borrower specifying the construction completion date.
  • Report from a lawyer in the standard format.
  • Report on property valuation in the standard format by an empanelled valuer.
  • Post Closure of Loan, documents required for handover of original property documents
  • Power Of Attorney for collecting original property documents.
  • In the event of the loan borrower's demise:
    • Letter requesting the handover of property documents from Legal Heir/Nominee(s).
    • Letter relinquishing rights to Legal Heirs/Nominees for property document handover.

Avail a Bajaj Finserv Home Loan on simple eligibility terms and by producing minimal documentation. It might interest you to know that if your property is under construction, then you can even get a home loan without property registration documents. While getting a home loan sanctioned with zero documents is not possible, one can get time up to disbursal to furbish all the required documents.

For quick finance options, you can apply for a home loan online. When doing so, write down a home loan document list and keep your KYC, employee ID, and financial documents (salary slips, bank statements) on hand. Once your home loan application is processed and documents verified, you will receive a home loan sanction letter. With the online home loan facility you can get a digital sanction letter in just 10 minutes*. Once you accept this offer letter, the focus shifts to the property and you will have to produce property papers to enter into the home loan agreement and obtain a quick disbursal of funds.

You can use our home loan EMI calculator to plan your loan repayment journey wisely.

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Frequently asked questions

Can I get a Home Loan without property documents?

If the property is under construction, the home loan can be obtained without the property registration documents. However, the property needs to be registered after possession and a completion certificate must be obtained. In the case of a property that is under construction, a borrower can avail of a home loan without property registration documents.

What are the documents required for home loan balance transfer?

Here is the list of documents required for home loan balance transfer:

  • KYC documents (identity and address proof)
  • Proof of income (salary slips or P&L statement)
  • Proof of business (for self-employed applicants), and
  • Account statements for the last 6 months

What are the documents required for a home loan transfer?

Some of the documents needed for home loan transfer are identity proof, address proof, income proof, bank statements, property papers, and NOC from the existing bank. Other documents may vary depending on the lender and the type of loan.

How much ITR is required for a home loan?

Most lenders typically require at least two to three years of Income Tax Returns (ITR) from self-employed individuals to assess financial stability. Salaried applicants generally do not need to provide ITR unless they have additional sources of income like freelance work or business earnings.

How many salary slips are required for a home loan?

Salaried applicants must provide their latest three to six months' salary slips to demonstrate a steady income. These salary slips help lenders evaluate income stability and repayment capacity, which are crucial factors in determining home loan eligibility.

How do I get a Home Loan with no documents?

If the borrower has a pre-existing relationship with the lender from which they are availing of the home loan, they can get the home loan sanctioned without any documentation. You can even apply for an online home loan and get a digital sanction letter without any documentation. Of course, all documents are required at the time of verification/ disbursal.

What is the Home Loan documentation process?

To complete your home loan application, you will need to submit all necessary documents for verification. You can do this by either handing over hard copies or submitting soft copies online.

Is Aadhaar mandatory for home loan?

Aadhaar may not be mandatory for obtaining a home loan. However, it is advisable to check with the financial institution you are considering for a home loan to get the most up-to-date and accurate information on their requirements.

Is Form 16 mandatory for home loan?

Form 16 is not mandatory for a home loan application. Form 16 is a document issued by employers to their employees, providing details about the income earned and the taxes deducted at source (TDS) during a specific financial year.

Is sale agreement mandatory for home loan?

Yes, a sale agreement is typically required when applying for a home loan. It provides details about the property, the parties involved, the sale price, payment terms, and other important terms of the transaction.

Is it mandatory to buy a life insurance policy with a home loan?

Purchasing a life insurance policy is not mandatory when opting for a home loan. However, some lenders might offer or require you to buy a life insurance policy as part of the home loan package.

Is it mandatory to take insurance for a home loan?

It is not mandatory to take insurance for a home loan. However, lenders may ask borrowers to take a home loan insurance policy to protect the loan repayment if the borrower is unable to repay the loan due to death, disability, or loss of employment.

What are the documents required for home loan?

Home Loan applicants need to furnish personal documents, such as PAN card and Aadhaar Card, among others; income-related documents, such as bank account statements; employment/ business-related documents, such as salary slips or profit and loss statements; and property-related documents.

Home Loan Documents List

  • Proof of Identity: Passport/ voter ID/ driving license/ PAN
  • Proof of Address: Telephone Bill/ Electricity Bill/ Passport/ Bank Statement/ Passbook
  • Property Documents: A copy of original sale deed, NOC from society, allotment-possession letter, etc.
  • Proof of Income: Income Tax Return (ITR), salary slips, certificate of practice (for professionals), audited financial sheet (for self-employed applicants and professionals), qualification certificate (for professionals), P&L statement (for self-employed applicants), etc.
How much ITR is required for a home loan?

Most lenders typically require at least two to three years of Income Tax Returns (ITR) from self-employed individuals to assess financial stability. Salaried applicants generally do not need to provide ITR unless they have additional sources of income like freelance work or business earnings.

How many salary slips are required for a home loan?

Salaried applicants must provide their latest three to six months' salary slips to demonstrate a steady income. These salary slips help lenders evaluate income stability and repayment capacity, which are crucial factors in determining home loan eligibility.

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