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Documents Required

Documents Required for Home Loan

Real estate prices have been steadily rising in India over the last two decades. This does not in any way dampen the spirit of millions of people who are still aspiring to become homeowners. The challenge is that most will not be able to purchase their dream home outright. This is where a home loan plays a vital role.

List of documents to Apply for a Home Loan

Grihashakti provides a range of home loan products that cater to the demand of Indians who dream to own their own little abode. Simply complete your pre-assessment and eligibility check to put forward your application.

In order to make the application, the following home loan documents are required:

  • PAN
  • Proof of Identity – PAN Card, Voter’s Card, Driving Licence, Employee Card
  • Proof of Residence – Aadhar Card, Latest Electricity Bill/Piped Gas Bill, Ration Card, Property Tax/Water Bill
  • Co-applicant Guarantor – KYC documents
  • Bank Statements of the past 6 months

If you are a salaried individual, you will need to provide the following income documents:

  • Last 3 months Pay Slips
  • Form 16 for the last 2 years

Self-employed individuals or business owners will be required to submit the following financial documents:

  • IT Returns for the last 2 years
  • CA Audited Financials (if applicable)
  • Balance sheet
  • Proof of business existence – PAN, GST registration certificate, Trade license, Partnership deed, Articles of Association / Memorandum of Association, Import / Export code, SEBI registration certificate, ROC registration certificate

Property documents required for home loan

You will also need to provide home loan documents related to the property that you wish to purchase. This includes:

  • Sales deed, stamped sales agreement of sale, or allotment letter
  • NOC from the housing society or property developer
  • Possession certificate and land tax receipt from the land/ land revenue / revenue department
  • Detailed estimation of the construction cost
  • Bank account statement or payment receipt outline all information related to any payments made to the property developer or seller
  • Occupancy certificate (applicable for constructed apartments)

Check the Home loan Documents List

FAQS

Can I get a Home Loan without property documents?


Can I get a Home Loan without property documents?

As per regulations, it is a compulsory home loan requirement to request and evaluate property documents as part of the application process. If the loan is towards construction of property, the applicant may still have to provide documentation pertaining to ownership of the land as well as the architect's plan, etc.

What is a home loan and how does it work?

The amount of money borrowed by an individual from a financial institution at an agreed upon interest rate is called a home loan. It is repaid back in the form of monthly EMIs for a specific duration of time. The borrowed funds cannot be used for any other purpose, and the deeds to the property purchased will be held by the lender until the loan is repaid in full.

Which factors affect your home loan eligibility?

Your home loan eligibility is determined taking into account parameters like your credit score, your existing debt obligations, your income, your employment status, your age, location, your property details and Grihashakti’s policy at the time of loan application.

What are the types of home loans available?

Grihashakti offers four types of home loans to its customers. This includes a loan for buying a New or Resale Property, a loan for Home Improvements, a loan for Home Construction and loan for Home Extension. Grihashakti offers competitive home loan interest rates combined with flexible repayment tenures.

How to get a home loan with ease?

The easiest way to get a home loan is to apply online by clicking the “Apply now” button on this page. Fill in your personal and financial information, check the home loan documents list and upload softcopies. Our representative will get in touch with you to take the process ahead.

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