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)