Buying a home is a dream of every individual. After all, it is one that corner in the world where you celebrate all your joys and enjoy the journey of with your loved ones. But, with rise in real estate prices, owning a home is not everyone's cup of tea. Thus, to keep you away from that hassle, many renowned banks are here to offer you flexible and affordable housing loans with your budget. With just minimum documentation you can now avail a home loan that suits you well. All you need to do is just from the comfort of your home, you can gather all the information available online on various sites of these banks and can easily be aware what all documents are required.
But, nothing to worry because just for your convenience, this article will give you the information regarding the documents required by major banks to avail the home loan.
Top 5 Private Banks
Documents Required for ICICI Bank Home Loan
| Documents | Salaried | Self Employed Professional | Self Employed Non Professional |
|---|---|---|---|
| Application form with photograph duly signed | Yes | Yes | Yes |
| Identity, residence and age proof | Yes | Yes | Yes |
| Last 6 months bank statements | Yes | Yes | Yes |
| Last 3 months Salary-slips | Yes | Yes | Yes |
| Processing fee cheque | Yes | Yes | Yes |
| Form 16 / Income Tax Returns | Yes | Yes | Yes |
| Proof of business existence | Yes | ||
| Business profile | Yes | ||
| Education qualification certificate and proof of business existence | Yes | Yes | |
| Last 3 years Income Tax Returns with computation of Income | Yes | Yes | |
| Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account | Yes | Yes |
Documents Required for HDFC Bank Home Loan
For Salaried Employees
| Purpose | Documents |
|---|---|
| Proof of both identity and residence (any 1) | · Valid Passport · Voter ID Card · Aadhaar Card · Valid Driving Licence |
| Proof of income | · PAN Card · Last 3 months' Salary Slips · Last 6 months' Bank Statements, showing salary credits · Latest Form-16 and IT returns |
| Other documents | · Employment Contract / Appointment Letter in case current employment is less than 1 year old · Last 6 months' Bank Statements showing repayment of any ongoing loans · Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across · Cheque for processing fee favouring ‘HDFC Ltd.’ |
| Property related documents | · Copy of the Allotment Letter / Buyer Agreement · Receipt/(s) of payment/(s) made to the developer |
For Self-Employeed Employees
| Purpose | Documents |
|---|---|
| Proof of both identity and residence (any 1) | · Valid Passport · Voter ID Card · Aadhaar Card · Valid Driving Licence |
| Proof of income | · PAN, TAN Card · Income Tax Returns along with computation of income for the last 3 Assessment Years · Last 3 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures/Schedules (Points 2 & 3 should be of both the individual and the business entity and attested by a CA) · Last 6 months' Current A/c Statements of the business entity and Savings Account Statements of the individual |
| Other documents | 1. Business Profile 2. Latest Form 26 AS 3. List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company 4. Memorandum and Articles of Association of the Company 5. Partnership Deed in case of the business entity being a partnership firm 6. Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc. 7. Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across 8. Cheque for processing fee favouring ‘HDFC Ltd.’ |
| Property related documents | · Copy of the Allotment Letter / Buyer Agreement · Receipt/(s) of payment/(s) made to the developer |
Documents Required for Axis Bank Home Loan
| Purpose | Salaried | Self Employed |
|---|---|---|
| Proof of Identity and Address | Passport or Voter's ID card or Driving License or Job Card issued by NREGA or Adhaar Card or PAN card (PAN Card only as identity proof) or any other document as acceptable to the Bank | Passport or Voter's ID card or Driving License or Job Card issued by NREGA or Adhaar Card or PAN card (PAN Card only as identity proof) or any other document as acceptable to the Bank |
| Proof of income | Latest 3 Months salary slip showing all deductions and Form 16 | IT returns for the last 2 years and computation of income for the last 2 years certified by a CA |
| Bank statement or Pass Book where salary or income is credited | Last 6 months | Last 6 months |
| Guarantor form | Optional | Optional |
Documents Required for HSBC Bank Home Loan
| Purpose | Documents |
|---|---|
| Proof of both identity and residence (any 1) | · Passport · Election/Voter’s ID · Permanent driving licence · Permanent Account Number (PAN) card · Aadhaar Card |
| Proof of Present Residential Address (PRA) (any one) | · Passport · Election/Voter’s ID · Permanent driving licence · Society outgoing bill (only from registered societies) · Electricity/ water/telephone bill · Gas bill (pipeline connection only) · Property tax bill · Domicile certificate with address issued by Municipal Corporation |
| Proof of age (any one) | · Passport · Permanent driving licence · PAN Card |
Income Documents Required for Salaried Employees
- Latest 3 months' salary slips showing statutory deductions
- Bank statements for last 3 months showing last 3 salary credits
Income Documents Required for Self-employed individuals
- Acknowledged IT returns for last 2 years (including e-acknowledgement)
- P&L account, balance sheet certified/ audited by a CA and computation of income for last 2 years with all annexures and auditor's report
- Primary bank account statements for last 6 months
- For Partners of the partnership firm, additionally Partnership Deed is required
- For Directors of the Private Limited companies additionally required:
– Shareholding Pattern or Memorandum and Articles of Association duly attested by a CA
– List of Directors
Income Documents Required for Consultant / Self-employed Professional
- Acknowledged IT returns for last 2 years (including e-acknowledgement)
- P&L account, balance sheet certified/ audited by a CA and computation of income for last 2 years with all annexures and auditor’s report
- Primary bank account statements for last 6 months
Documents Required for Kotak Mahindra Bank Home Loan
| Documents Required |
|---|
| Income proof Income Details Age Proof Address Proof Identity Proof Proof of educational qualifications |
Top 5 Government Banks
1. Documents Required for State Bank of India Home Loan
| Documents for All Applicants |
|---|
| Completed loan application |
| 3 Passport size photographs |
| Proof of identify (photo copies of Voters ID card/ Passport/ Driving |
| licence/ IT PAN card) |
| Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill |
| Property tax receipt/ Passport/ Voters ID card) |
| Proof of business address for non-salaried individuals |
| Statement of Bank Account/ Pass Book for last six months |
| Signature identification from present bankers |
| Personal Assets and Liabilities statement |
| Documents for Guarantor |
|---|
| Personal Assets and Liabilities Statement |
| 2 passport size photographs |
| Proof of identification as above |
| Proof of residence as above |
| Proof of business address as above |
Signature identification from his/her present bankers |
Documents for Salaried Persons Original Salary Certificate from employer TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.
| Documents for Self- Employed |
|---|
| Acknowledged copies of three years I.T. returns/ Assessment Orders. |
| Photocopies of challans evidencing payment of Advance Income Tax. |
2. Documents Required for Oriental Bank of Commerce Home Loan:
| List Of Documents |
|---|
| Loan application Form |
| Passport size photograph of applicant, co-applicant & guarantor |
| Identity proof |
| Residence Proof |
| Age proof |
| Income Proof |
| Property documents : Title clearance report from advocate and valuation report from architect on Bank's panel |
| In case of takeover: Copy of home loan account statement for the entire period / Certificate from the lending institution giving pre-closure amount |
| Any other document/paper which may be necessary as per requirement of the case. |
| For Salaried |
|---|
| Salary certificate issued by the employer / Income Tax return |
| For Agriculturist |
|---|
| Record of land holding & cropping pattern or any other proof of income |
| For all other individuals |
|---|
| Last 2 yrs. Income Tax Return & computation sheet / Bank A/C statement |
3. Documents Required for Bank of Baroda Home Loan
| List of Documents |
|---|
| Photo Identity Proof |
| Residence /Address Proof |
| Proof of Age |
| Passport size photographs |
| Signature verification from existing banker alongwith copy of Bank statement for last six months |
| Copy of PAN CARD |
| Copy of the document to title of the property |
| In case of construction of house Approved plan, detailed estimated cost of construction certified by Architect alongwith title deed of the property are required to be submitted |
| For Salaried Class Persons | For Self-Employed/Business Persons |
|---|---|
| Last 4-6 months salary slip alongwith Form no. 16 for last 3 financial years | Copy IT Returns for last three years alongwith last IT assessment order |
| Copy of Audited Balance Sheet and Profit & Loss A/cs for last three years |
4. Documents Required for Union Bank of India Home Loan
| Purpose | Documents |
|---|---|
| Proof of identity (any of the following) | · Passport · PAN Card · Employee identity card · Any other valid proof |
| Proof of address (any of the following) | · Electricity bill · Telephone bill · Ration card · Any other valid proof |
| PAN Card, 3 Photographs,Last 12 months bank statement | |
| Proof of income A. For Salaried Class | · Last one year ITR · Form-16/ letter from Employer · Last 6 months salary slip |
| B. For business class | · Last three years ITR · P and L Balance sheet |
| C. Agriculturists | · Income certificate from concerned revenue officer (Tahsildar) · Proof of land holding |
| Property Papers | · Allotment letter · Advance money receipt · Title Deed |
| Property Papers | · Allotment letter · Advance money receipt · Title Deed |
| Proof of out-goes | Loan repayment statement, if any LIC Policies, if any Valid proof of any other out-go |
5. Documents Required for IDBI Bank Home Loan
| Salaried Customers | Self Employed Professionals | Self Employed Non Professionals |
|---|---|---|
| Application form with photograph | Application form with photograph | Application form with photograph |
| Identity and Residence Proof | Identity and Residence Proof | Identity and Residence Proof |
| Latest Salary-slip for last 3 months | Education Qualifications Certificate and Proof of business existence | Proof of business existence |
| Form 16/ITR | Last 3 years Income Tax returns (self and business) | Business profile |
| Last 6 months bank statement | Last 3 years Profit /Loss and Balance Sheet | Last 3 years Income Tax returns |
| Processing fee cheque | Last 6 months bank statements | Last 6 months bank statements (self and business) |
| Processing fee cheque | Processing fee cheque |
( Updated on : 15th October, 2016 )