What are the Documents required for Home Loan in India?

All your Home Loan Documentation Questions Answered

Click Here for Home Loan Documents Checklist

Some people may want to purchase an apartment, while many may want to construct a house of their own by purchasing a plot of land. Some may want to purchase a new house, while others may want to refurnish their existing home.

A home loan is available in many forms depending on your specific needs. To cater to the varied needs of different sets of people, housing finance companies have diversified their portfolio of loan offerings with several types of housing loans. It’s thus prudent for customers to assess their requirements and apply for the most suitable home loan.

The Loan Amount sanctioned by the bank will not be more than 90% of the total value of the Property/Home Value which you are willing to purchase. and moreover the Home loan Tenure can be upto 30 Years.The Interest Rates charged by Various banks differs from time to time but in the current trend the interest Rate varies from 8.65 % to 11% P.A.

Listed below is the Basic Checklist for Documents to be made available to bank for processing of Home Loan.

  • 5 Photo of all Director/Proprietor/Partner

  • Pan Card  of all Directors(Self Attested)

  • Aadhar Card  of all Directors(Self Attested)  

  • Office Address Proof (GST Certificate,Rent Agreement,Telephone Bill & Attested by Director/Proprietor/Partner)

  • Saving Bank account Statement for the last Three Years of all Director/Proprietor/Partner (Self Attested)

  • ITR-V with Income Tax Computation of all Directors (Self Attested)

  • Current Account Statement for Last 6 Month (Attested by Director/Proprietor/Partner)

  • Salary Slip for the last three months of all Directors (Self Attested)

  • Last Three years of ITR of firm/company with Balance Sheet  and Profit & Loss account

  • Partnership Company Registration Certificate (Attested by Director/Proprietor/Partner )

  • Latest List of Director and Share Holding Pattern(Attested by Director/Proprietor/Partner )

  • MOA/AOA (Attested by Director) & Board Resolution (in case of Company)

  • All papers in regards to Property Purchase(Agreement from Seller etc.)

  • Property Seller ID / Address proof ( Pan Card + Aadhaar card)

  • Agreement to sale copy

  • Any other Loan Statement Outstanding as on Date(Last 1 Year attested by director)