What documents are required for a home loan?
To apply for a home loan, you’ll need to provide a set of documents that help the lender assess your eligibility. These documents are important for your home loan approval as they reflect your identity, financial stability, and property ownership. Typically, the home loan documents list includes proof of identity and address (like your Aadhaar card or passport), income proof (such as salary slips, ITRs, and bank statements), property documents (like the sale agreement and title deed), passport-sized photographs, and a completed loan application form.
When you are applying for a home loan, submitting the correct documents is a vital part of the process. Lenders like Bajaj Finserv have clear and structured requirements to ensure a smooth experience. However, many applicants struggle while submitting home loan documents due to complicated paperwork or missing information.
The list of required documents may vary based on your employment type—salaried or self-employed—and whether you are an Indian resident or an NRI. Even the type of property you're buying can affect what home loan documents are required to pass your home loan application. Below is a simple and easy-to-follow guide to help you understand exactly what’s needed.
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Documents list required for home loan
- Property documents
- Identity proof (any one)
- Address proof (any one)
- Passport sized photograph
Detailed documents checklist for salaried and self-employed
Category |
Salaried applicants |
Self-employed applicants |
Property documents |
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Identity proof (any one) |
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Address proof (any one) |
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Additional documents |
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Proof of income/business existence |
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Financial statements |
N/A |
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Bank account statement |
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*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.
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Income documents required for a home loan
To assess your repayment capacity, lenders require income-related documents as part of the home loan application process. The type of income proof varies based on your employment category. Below is a detailed breakdown of documents required for salaried, self-employed individuals, and business owners or company directors.
For salaried individuals
Applicants earning a fixed monthly salary must submit:
- Latest 3 to 6 months’ salary slips (with or without bonus)
- Bank statements for the last 6 months
- Form 16 for the past 2 years
- Job appointment or employment confirmation letter
- Continuous Discharge Certificate (for seafarers, if applicable)
- Copy of passport and valid visa (for overseas employees)
- Overseas credit report (if working abroad)
- Overseas Citizen of India (OCI) card copy
- Power of Attorney (POA) details
For self-employed individuals
Applicants running their own businesses or working independently need:
- Income Tax Returns (ITR) for the last 2 years with Computation of Income
- Profit & Loss statement and balance sheet, signed by a Chartered Accountant
- Tax Audit Report (if turnover exceeds Rs. 1 core or receipts exceed Rs. 25 lakh)
- Bank statements for the last 6 months
- Digital signature ITR filings and CPC copy with tax paid challan
For partners or company directors
Applicants who own or manage firms or companies should provide:
- Partnership Deed and list of partners (for firms)
- No Objection Certificate (NOC) in prescribed format
- Audited financials and ITR filings
- Partnership authority or Board Resolution
- Articles of Incorporation, MOA and AOA (for companies)
- Director Identification Numbers (DIN) of all directors
- Shareholding pattern of the company
Running a business and looking to invest in property? Bajaj Finserv offers tailored home loans for business owners with flexible tenures of up to 32 years. Check your eligibility now! You may already be eligible, find out by entering your mobile number and OTP.
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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Common mistakes in home loan documentation to avoid
Applying for a home loan involves a lot of paperwork, and even small errors can lead to delays or rejection. To improve your chances of approval and avoid unnecessary complications, it’s important to know what mistakes to steer clear of. Here are some of the most common documentation-related issues applicants face and how you can avoid them.
1. Ignoring loan eligibility criteria
Many people apply for a home loan without checking whether they qualify for it. Lenders usually assess factors like your monthly income, credit score, current EMIs or outstanding loans, and employment status. If you don’t meet these conditions, your application may get rejected or put on hold.
To save time and effort, consider using a Home Loan Eligibility Calculator before you apply. It can help you understand where you stand and what you can do to improve your chances.
2. Skipping the fine print in terms and conditions
Terms and Conditions often receive the least attention but can carry important details about extra charges, balance transfer fees, prepayment penalties, and more.
Reading this section carefully will help you avoid unexpected costs or disputes later. If needed, ask your lender to explain any clause that you don’t fully understand.
3. Submitting incomplete or incorrect documents
Providing all the necessary documents is crucial for smooth processing. Missing annexures in your Income Tax Return (ITR), leaving blank fields in the application, or failing to attach ID proof or salary slips can lead to delays or rejection.
Always double-check your checklist before submission. If you are unsure, it’s wise to reach out to a bank representative for guidance.
4. Signature mismatches across documents
Your signature must be the same across all documents including your PAN card, Aadhaar, and application forms. A mismatch can cause confusion and lead to your application being turned down.
If your signature has changed recently, ensure you update it in all relevant documents before applying.
5. Forgetting to get required attestations
Some documents, like audited balance sheets or proof of business income, must be certified by a Chartered Accountant or notarised. If these documents are submitted without proper attestation, your application may be considered invalid.
Make sure to identify which documents require self-attestation, CA certification, or notarisation, and follow through accordingly.
6. Property papers that are not in order
Lenders require clear and valid property documents. If your papers lack crucial elements like the sale deed, occupancy certificate, or approvals from local authorities or builders, your loan might get declined.
Verify that all your property documents are complete and up to date before you apply.
Helpful links for understanding home loan process
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Home loan options for different budgets
Home loan calculators
Frequently asked questions
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.
Even with incomplete property documentation, you may qualify for a Bajaj Finserv Home Loan with conditional approval. Check your eligibility now! You may already be eligible, find out by entering your mobile number and OTP.
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
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.
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.
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.
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.
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.
Simplify your home loan journey with Bajaj Finserv's doorstep document pick-up service and minimal paperwork requirements. Check your eligibility now! You may already be eligible, find out by entering your mobile number and OTP.
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.
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.
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.
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.
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.
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.
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.
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.
