What documents required for home loan? list of documents salaried, self-employed & NRI for home loan/https://mortgageloancreditcardinsuranceinvestmentoffer.in/
http://mortgageloancreditcardinsuranceinvestmentoffer.in/Applying for a home loan? Here we tell you everything you need to know about documents required for home loan.
While applying for a home loan, most banks will give you a checklist of all the items you need to submit. You can also check the website of the bank and get a list of all the documents that you need to submit.
Primarily, banks require proof for five factors—your age, address, income, property and details of other loans. You need to submit copies of government IDs, bank statements, salary slips, property papers, among other things. In the following sections, we discuss in details all the documents you need to submit.
Salaried Individuals Documents
If you are a salaried person applying for a home loan, here are the documents required for home loan:
1.Identity proof: It is mandatory to submit a copy of your PAN Card. Apart from that you can submit a copy of any one of the following:
1.Voter Card
2.Aadhar Card
3.Valid Passport
4.Driving License
5.Photo Credit Card
6.Photo Identity card issued by Govt. body
2.Address proof: Copy of any of the following:
1.Voter Card
2.Aadhar Card
3.Valid Passport
4.Letter from a recognized public authority or public servant verifying the identity and residence of the customer
5.Latest Utility bill
6.Rent agreement on stamp Paper
7.Bank Statements reflecting address of borrowers of any commercial nationalized bank
8.Credit Card Statement not older than 3 months
9.Life Insurance Policy
10.Copy of Sale Deed of the property (residence), if owned
3.Proof of income: Copy of all of the following:
1.Salary slip for last two months
2.Bank statement of salaried account for last six months
3.Latest Form 16 / ITR
4.Property documents: Copy of all of the following:
1.Complete chain documents of the property (as applicable)
2.Agreement to Sell (if available)
3.Allotment Letter or buyer’s agreement (whichever is applicable)
4.Receipt of payment made to builder
Documents Checklist for Self Employed Individuals
If you are a salaried person applying for a home loan, here are the documents required for home loan:
1.Identity proof: It is mandatory to submit a copy of your PAN Card. Apart from that you can submit a copy of any one of the following:
1.Voter Card
2.Aadhar Card
3.Valid Passport
4.Driving License
5.Photo Credit Card
6.Photo Identity card issued by Govt. body
2.Address proof of residence: Copy of any of the following:
1.Voter Card
2.Aadhar Card
3.Valid Passport
4.Letter from a recognized public authority or public servant verifying the identity and residence of the customer
5.Latest Utility bill
6.Rent agreement on stamp Paper
7.Bank Statements reflecting address of borrowers of any commercial nationalized bank
8.Credit Card Statement not older than 3 months
9.Life Insurance Policy
10.Copy of Sale Deed of the property (residence), if owned
3.Address proof of business: Copy of any one of the following:
1.Shops & Establishment Certificate
2.Trade License Certificate
3.SSI Registration Certificate
4.PAN Card/ Sales Tax/ VAT Registration Certificate
5.Partnership Deed (for firms) / Memorandum of Association (MOA) for companies
6.Export-Import Code Certificate/Factory Registration Certificate
7.Professional qualification Certificate and Degree Certificate for Professionals
8.SEBI Registration Certificate
9.Registration number issued by ROC
4.Proof of income: Copy of all of the following:
1.ITR along with computation for last two financials years
2.Balance Sheet and Profit & Loss account along with all annexures (duly certified and audited by CA)
3.Account statement for current account of the business entity for last six months
4.Savings account statement of individual for last six months
5.Property documents: Copy of all of the following:
1.Complete chain documents of the property (as applicable)
2.Agreement to Sell (if available)
3.Allotment Letter or buyer’s agreement (whichever is applicable)
4.Receipt of payment made to builder
Documents Checklist for NRI Applicants
If you are an NRI and are applying for a home loan, here is a list of documents required for home loan:
1.Identity proof: It is mandatory to submit copies of valid passport, valid visa and a valid rent deed or title document as foreign residence proof. Apart from that you can submit a copy of any one of the following:
1.PAN Card
2.Voter Card
3.Aadhar Card
4.Valid Passport
5.Driving License
6.Photo Credit Card
7.Photo Identity card issued by Govt. body
8.Letter from recognized public authority or public servant verifying the identity of the customer with photograph (not more than 30 days old)
2.Address proof of residence: Copy of all of the following:
1.Valid Passport
2.Valid Visa
3.Copy of Valid Rent Deed or title document as foreign residence proof
3.Proof of income: Copy of all of the following:
1.Bank statement required for 6 months both NRE/NRO and foreign bank a/c
2.Last 2 month salary slips
3.Appointment Letter / Increment Letter / Contract Letter
4.Valid work permit
4.Property documents: Copy of all of the following:
1.Complete chain documents of the property (as applicable)
2.Agreement to Sell (if available)
3.Allotment Letter or buyer’s agreement (whichever is applicable)
4.Receipt of payment made to builder
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