To apply for a home loan, commercial property loan, or loan against property (LAP), you need to submit certain documents. The requirements vary based on employment type and lender policies.
1. KYC (Know Your Customer) Documents
Identity Proof (Any One):
Aadhaar Card
PAN Card
Passport
Voter ID
Driving License
Address Proof (Any One):
Aadhaar Card
Passport
Voter ID
Utility Bills (Electricity, Water, Gas)
Rent Agreement (if applicable)
2. Income Proof
A. Salaried Individuals
Salary Slips (Last 3-6 months)
Bank Statements (Last 6 months, showing salary credits)
Form 16 / Income Tax Returns (ITR) (Last 2 years)
Employment Certificate / Offer Letter
B. Self-Employed / Business Owners
Income Tax Returns (ITR) (Last 2-3 years)
Profit & Loss Statement, Balance Sheet (Last 2 years, audited)
Business Registration Certificate (GST, Trade License, etc.)
Bank Statements (Last 6-12 months)
C. Non-Resident Indians (NRIs)
Valid Work Visa / Passport
Overseas Salary Slips / Bank Statements (Last 6 months)
NRE/NRO Account Statement
3. Property-Related Documents
Sale Agreement / Sale Deed / Title Deed (Proof of ownership)
Encumbrance Certificate (EC) (Confirms no legal dues on property)
Approved Building Plan / Layout Plan
Property Tax Receipts (Latest payments)
Allotment Letter from Builder / Society (If applicable)
Construction Cost Estimate (For Home Construction Loans)
4. Additional Documents (If Required)
Guarantor’s KYC and Income Proof (If a guarantor is involved)
Power of Attorney (For NRIs or Co-owners)
Loan Statement (For Balance Transfer Cases)
Quick Tips for Faster Loan Approval
Ensure all documents are clear and up to date
Keep income proofs strong to increase eligibility
Verify the legal status of the property before applying