Want to buy your dream home? Is the lack of capital keeping you from achieving this dream? Opt for a home loan. Keeping up with the current trends, getting a home loan is relatively easier and quicker in today’s time. Having the required and correct information before you start makes you well versed about what you are doing and also saves your time. If you know the formalities and about the home loan documents required for applying for a loan, the whole process becomes convenient.

Listed below is a complete list of common documents required for home loan:

1.     The completely filled loan application form and a recent photograph (passport size)

2.     Proof of identity: It could be your Voter ID, driving license, PAN card or Passport.

3.     Proof of address:   License / utility bill / passport / rent agreement that has been registered

4.     Proof of income: Bank statement, salary slip and Form No. 16

5.     Documents related to property like ownership transfer and sale deed 

6.     Proof of Investment: Mutual funds, LIC, etc

7.     Cancelled cheque for verifying your bank account

The requirements can vary depending upon your profession.

Additional requirements for a salaried individual

1.     Pay slip for the last 3 months

2.     Documents of proof of income

3.     Educational qualification details

4.     Form 16 (TDS certificate) of 2 years

5.     Copy of the PAN card

6.     A bank statement of 6 months that will show your salary from your employer as well as any EMI that has been paid for any outstanding debit

Additional requirements for the self-employed

1.     Proof of office address: Utility bills (electricity, water, gas, etc.), property documents

2.     Proof of office ownership: Maintenance or utility bills

3.     Proof of business existence: License of Company Registration, Shop Establishment Act, tax computation of 3 years

4.     The profile of your business

5.     Proof of Income: Latest Income tax returns of the last 3 years. It will also include Audit Report, Profit and Loss account, Balance Sheet and others.

6.     A bank statement of the past year

Additional requirements for senior citizens

1.     Age Proof: Passport or PAN card

2.     A Bank Statement or Pension Returns

You must remember that all the home loan documents require self-attestation. Filling up the application form accurately and providing all the necessary documents is the first step to getting a home loan sanctioned.