The Complete List of Documents Needed for Home Loan or Loan Against Property

The Complete List of Documents Needed for Home Loan or Loan Against Property

In this post, we will give you a comprehensive list of the documents that banks ask for when you apply for a home loan or a loan against property.

Some banks may ask for 1-2 documents more but most will not need anything more than the documents listed below.

Documents required for Loan Against Property

Property Documents

1. Sales Deed, Stamped Agreement
2. NOC from the Housing Society or Builder
3. Possession Certificate and Land Tax receipt form
4. Detailed estimation of the construction cost
5. Bank account statement or payment receipt made to the seller/builder

ID Proof – Any one of these:

1. Passport-size Photo
2. Aadhaar Card
3. PAN Card
4. Voter ID
5. Driving License
6. Passport

Address Proof – Any one of these:

1. Any above ID proof document with Permanent Address on it.
2. Electricity Bill
3. Telephone Bill
4. Postpaid Phone Bill
5. Water Tax
6. Property Tax Receipt

Financial Documents for Salaried Individuals

1. 1-year Bank statement
2. 3 months latest salary slips
3. Form 16

Financial Documents for Self Employed

1. Latest 1-year bank statement of all accounts for Self Employed
2. Shop Act Licence / SSI Certificate / Any other Govt Certificate for business stability proof
3. Last 3 years ITR set along with CA Certified Balance Sheet, Profit & Loss (P&L), Computation of Income, Tax Audit Report (If applicable) and all Schedule of Balance Sheets
4. Present year Tentative ITR
5. Shop Act Licence or GST Certificate
6. Udyog Aadhaar

Documents Required for Self Construction Loan

Property Documents

1. Sales Deed, Stamped Agreement
2. NOC from the Corporation/Gram Panchayat
3. Possession Certificate and Land Tax receipt form
4. Detailed estimation of the construction cost
5. Bank account statement or payment receipt made to the seller
6. Zone certificate
7. Commencement Certificate/Certificate of Completion
8. Collector Approved Corporation/GPNA construction plan
9. Share Certificate and other documents required as per law

ID Proof – Any one of these:

1. Passport-size Photo
2. Aadhaar Card
3. PAN Card
4. Voter ID
5. Driving License
6. Passport

Address Proof – Any one of these:

1. Any above ID proof document with Permanent Address on it.
2. Electricity Bill
3. Telephone Bill
4. Postpaid Phone Bill
5. Water Tax
6. Property Tax Receipt

Financial Documents for Salaried Individuals

1. 1-year Bank statement
2. 3 months latest salary slips
3. Form 16

Financial Documents for Self Employed

1. Latest 1-year bank statement of all accounts for Self Employed.
2. Shop Act Licence / SSI Certificate / Any other Govt Certificate for business stability proof
3. Last 3 years ITR set along with CA Certified Balance Sheet, Profit & Loss (P&L), Computation of Income, Tax Audit Report (If applicable) and all Schedule of Balance Sheets
4. Present year Tentative ITR
5. Shop Act Licence/ GST Certificate
6. Udyog Aadhaar

Documents Required for Balance Transfer for Home Loan or Loan Against Property

1. List of Documents Letter from Bank
2. Sanction Letter
3. Loan Track Record
4. Foreclosure Letter
5. Property Documents
6. ID Proof
7. Address Proof
8. Financial Documents

Documents Required for New Home Loan

KYC Documents

1. Passport-size Photo
2. PAN Card
3. Aadhaar Card
4. Current Address Proof

Proof of Income for Salaried Applicants

1. Employee ID
2. Form 16
3. Salary Slip for last 3 months
4. Latest 1-year bank statement of all accounts

Property Documents

1. Copy of Property Documents (Sale Deed/ Agreement to Sale)
2. Copy of Approved Sanction Plan of Property
3. Commencement Certificate / Completion Certificate / Any other applicable documents as per the law of the State / Government
4. If Co-Operative Housing Society, then Society Certificate & Share Certificate / Any other applicable documents as per the law of the State / Government
5. Other documents like Zone Certificate

Details of All Existing Loans

1. Welcome Letter(s)
2. Sanction Letter(s)
3. Statement of Loan Account(s)

Documents Required for Resale Property

1. Sale Deed
2. Agreement to Sell
3. Occupancy Certificate (OC)
4. Encumbrance Certificate (EC)
5. Share Certificate
6. Letter from Society giving list of facilities
7. No Dues Certificate
8. NOC from Society
9. Copy of Incorporation Certificate of Society
10. Copy of latest local government tax receipt
11. Valuation Report
12. Age of Apartment

We have tried to piece together the most comprehensive list of documents banks will ask you to provide. Some may need less but very few will need more.

Some banks will not need any documents from society while some may ask you to get one or two.

We hope this list helped. If you are looking for a home loan or a loan against property, you may use our site to apply. We have access to the top lenders including public sector banks.

Some of our lenders specialise in loans for people with low credit scores below 700. This means there are good chances of you getting approved for a loan.