Home Loan Documents Required
In order to proceeds home loan application, you require to complete and submit required documents to the respective bank like Identity Proof- Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government, Address Proof, Form 16, Income Tax Returns (ITR) of last 3 years etc ans given below.
Banks will provides you an home loan if you are eligible for home loan. Banks required below listed documents when you apply for home loan.
Eligibility Criteria for Home Loan
| Basis | Salaried Customers | Non Salaried Customers |
|---|---|---|
| Age | Minimum 24 years & Maximum 60 Years | Minimum 24 years & Maximum 65 Years |
| Income | Regular source of income is needed | Regular source of income is needed |
| Job/ Business Experience | 1 Year | 3 Years |
| Age of Co-applicant | Minimum 18 years | Minimum 18 years |
Home Loan Document Required
| Salaried applicants | Self-employed |
|---|---|
| Passport size photographs | Passport size photographs |
| Processing fee cheque | Processing fee cheque |
| Proof of Residence (anyone): Ration Card, Telephone Bill, Electricity Bill, Voters Card, etc. | Proof of Residence (anyone): Ration Card, Telephone Bill, Electricity Bill, Voters Card, etc. |
| Proof of Identity (anyone): Voter's Card, Driving License, PAN Card, Employer's Card, etc. | Proof of Identity (anyone): Voter's Card, Driving License, PAN Card, Employer's Card, etc. |
| The latest Bank Statement or Passbook showing salary or income being credited in the account for the last 6 months. | The latest Bank Statement or Passbook showing salary or income being credited in the account for the last 6 months. |
| Salary Slip of the last 6 months with deductions shown. | Latest audited ITR |
| Form 16 of the last 2 years. | Certified Financial Statements for the last 2 years (balance sheet, profit & loss accounts, computation of income with all schedules). |
| Agreement for sale of house/ flat. | Business continuity proof (anyone but should be dated 5 years old): Sales Tax challans,, Shops & Est Certificate, COI, Partnership Deed, etc. |
| Estimates for construction/ valuation report | Professional Qualification Certificate and Degree Certificate for professionals (Doctors, architects, chartered accountants, etc.). |
| Agreement for sale of house/ flat. | |
| Estimates for construction/ valuation report | |
| Loan applicant has to provide a letter that certifies the use of the loan on a business letterhead. |