The documents required to apply for a home loan are based on the occupation of an applicant.
Nevertheless, the common home loan documents list needed to apply are –
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.
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.
Home Loan applicants need to furnish personal documents, such as Pan Card and Aadhar 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.
Below are the documents required to apply for a home loan in India.
|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.|
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. Bajaj Finserv also offers doorstep document pickup service for maximum convenience.