You are here

List of Documents required for applying for Home Loans

Getting a Home Loan for your dream home is an important activity and with proper documentation the home loan process has become easier for Home Loans seekers. Interestingly there are over 20 Home Loan Providers and most of the below documents are common so if you are preparing a file for one Home Loan Provider such as State Bank of India, it would be easier to prepare another for ICICI Bank ( which is a rare case and done only for contingency planning after denial from first Home Loan Provider ).

While most of the documents for home loans remains same, required of few documents varies on basis of Loan Amount, Profession of Home Loan seeker, Tenure for which the Loan is required, Purpose of the Home Loan, etc.

Documents

Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:

Purpose Documents
Proof of both identity and residence (any 1)
  1. Valid Passport
  2. Voter ID Card
  3. Aadhaar Card
  4. PAN Card with Allotment Letter

For the complete list of KYC documents

Proof of income
  1. PAN Card
  2. Last 3 months' Salary Slips
  3. Last 6 months' Bank Statements, showing salary credits
  4. Latest Form-16 and IT returns
Other documents
  1. Employment Contract / Appointment Letter in case current employment is less than 1 year old
  2. Last 6 months' Bank Statements showing repayment of any ongoing loans
  3. Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
  4. Cheque for processing fee favouring ‘HDFC Ltd.’
Property related documents
  1. Copy of the Allotment Letter / Buyer Agreement
  2. Receipt/(s) of payment/(s) made to the developer

All documents to be self attested.
The above list is indicative in nature and additional documents can be asked for.

 

Documents listed on State Bank of India's Website are:

List of papers/ documents applicable to all applicants:

Completed loan application
3 Passport size photographs
Proof of identify (photo copies of Voters ID card/ Passport/ Driving
licence/ IT PAN card)
Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/
Property tax receipt/ Passport/ Voters ID card)
Proof of business address for non-salaried individuals
Statement of Bank Account/ Pass Book for last six months
Signature identification from present bankers
Personal Assets and Liabilities statement

For guarantor (wherever applicable):

Personal Assets and Liabilities Statement
2 passport size photographs
Proof of identification as above
Proof of residence as above
Proof of business address as above
Signature identification from his/her present bankers

Additional documents required for salaried persons :

Original Salary Certificate from employer
TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.

Additional documents required for Professionals/self- employed/ other IT assesses:

Acknowledged copies of three years I.T. returns/ Assessment Orders.
Photocopies of challans evidencing payment of Advance Income Tax.