Home Loan Application – What Documents Do You Need?

 

Are you applying for a home loan? If yes, you need to get your home loan application and documentation in the right order. For a fast home loan approval, documentation plays a vital role in validation and verification. You need to fill up the application form properly and do not leave any information empty. Do not forge any information as you need to provide supporting documents for everything that you provide in your application. If you do not provide all the necessary documents, your loan application will be suspended or rejected. Documents are different for salaried and self-employed individuals.

You must take care of the duly filled application form and the below necessary documents, as required. Learn How to calculate business loan by using business loan calculator.

Identity Proof

●     Aadhar card

●     Pan card

●     Driving Licence

●     Passport

●     Date of birth

●     Voter ID card

Address proof

●     Electricity bills

●     Telephone bills

●     Voter ID card

●     Aadhar card

●     Ration card

●     Water bill

●     Mobile bill

●     Broadband bills

●     Property tax

Account statement proof

●     Last 6 months Bank Account Statements for all Bank Accounts held by the applicant

●     If any previous loan from other Banks then Loan A/C statement for last 1 year

Self-employed documents

●     Business address proof

●     Property details

●     Business License Details

●     Certificate of qualification

●     IT returns for last 3 years

●     TDS Certificate

●     Balance Sheet & Profit & Loss A/c for last 3 years

●     Form 16

Salaried employees documents

●     Salary slips

●     Salary account statement

●     Form 16

●     Employment proofs

●     IT returns for 2 years

●     Salary certificate

Common documents

●     Loan application form

●     2 passport size photograph

Property documents

●     Permission for construction

●     Letter/Stamped Agreement for Sale

●     Share Certificate

●     Occupancy Certificate

●     Maintenance Bill

●     Payment Receipts or bank A/C statement showing all the payments made to a seller

●     Electricity Bill

●     Registered Agreement for Sale

●     Allotment copy

●     Approved Plan copy

●     Registered Development Agreement of the builder

●     Property Tax Receipt

●     Conveyance Deed

Wrapping up

Home loan applications and documentation are very important to get approval. If you need a fast home loan approval without any delay, you need to complete your application with the documentation. Submit all the original copies, and do not forge any documents as that will straightaway be rejected.

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