Documents Required for Home Loan
apply for a home loan in India, you need to submit key documents including identity proof, address proof, and two recent passport-size photographs. Check out the complete list of documents required for a home loan.
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.
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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.
Proof of income required for home loan
For Salaried Individuals:
- 3 months' pay slip
- 6 months' pay slip with bonus
- 6 months bank statements
- 2 yrs Form 16
- 3-month job appointment letter
- Appointment letter/contract letter
- Continuous Discharge Certificate
- Overseas credit report
- Valid visa/copy/OCI card
- Passport copy
- POA details
For Self-employed individuals:
- 2 yrs ITR with Computation of Income
- P&L, Balance Sheet with CA Seal and Sign
- Tax Audit Report (if Gross Turnover exceeds ₹1 Cr or Gross Receipts exceed ₹25 Lakh)
- 6 months bank statements
- ITR filings with digital sign
- CPC and tax paid challan
For Partners/Directors in Firms
- Partnership Deed, List of Partners
- NOC as per Axis Bank format
- Financials with audited ITR
- Partnership authority letter
- Board Resolution (for Companies)
- Articles of Incorporation, MOA and AOA
- DIN of all Directors, Board Resolution
- Company Share Holding Pattern
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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 Cr 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
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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
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.
