An Illustration on Documents You Should Keep Ready for Home Loan

The evolving financial market has made it much easier to avail a home loan today than it was a few years back. You can apply for a home loan online from the comfort of your home. All you need to do is meet the all eligibility criteria and submit the documents required for home loan to avail one.

Here, it is essential to know that the documents required by different lending institutions may vary to some extent. For the convenience of understanding this variation, take a look at various factors that may affect document requirement to avail a home loan.

They are –

  • The loan amount
  • The purpose for which you are borrowing
  • Loan repayment tenor

Furthermore, successful sanctioning of a home loan amount also depends on some other determinants. It may again affect the documents required for home loan from one lender to another.

The determinants of loan amount apprdocuments required for home loan are –

  1. Borrower’s source of income
  2. Age of the borrower
  • Earning per month/per annum
  1. Nature of purchasable property, whether residential or commercial
  2. Purchasable property’s agreement value

Based on these, you would be required to submit the documents asked for after you meet the home loan eligibility criteria. Get your home loan approved instantly by selecting the right lender.

Now, take a look at a few necessary documents which are mandatory irrespective of the lender you choose.

Documents required for home loan:

Keep these documents ready when you initiate the home loan online apply process:


  1. For Identity Proof

For proof of identification, you can submit documents like –

  • PAN Card
  • Voter’s ID Card
  • Passport
  • Driving License
  • Bank passbook
  • Ration Card
  • Employee ID



  1. For the Age Proof

Age is an essential eligibility criterion that you need to meet for availing a home loan. So, you need to give proof of age in the form of –

  • PAN Card
  • Birth certificate issued by an authorised body
  • Passport
  • Driving License
  • Mark sheet of class 10



  1. As Proof of Address

Furnish documents for address proof like –

  • Bank account statement
  • Bank passbook
  • Voter’s ID Card
  • Electricity bill, not more than two months old
  • Ration Card
  • LIC policy documents
  • A recognised authority’s letter verifying your residential address



  1. Documents Reflecting Income Status

Income documents are required to establish your eligibility for availing any particular loan amount. You may use the home loan eligibility calculator to know the loan amount you are eligible for as per your income. Subsequently, apply for the loan and furnish the following documents as proof of income.


As a Salaried Individual –

  • Latest salary slips or Form 16, whichever is applicable
  • Certificate of work experience for not less than three years
  • Income Tax return for the last two years
  • Certificate of current monthly/yearly income or current pay slip
  • Documents for any proof of investment, if applicable


As a Self-Employed Individual –

  • Income Tax returns for the last two years
  • Balance Sheet for the previous two years
  • Profit and Loss Statement for the last two years
  • The establishment’s registration certificate
  • Certificate of Practice if carrying out professional practice
  • Certificate for the continuation of current business for the previous 5 years

Additionally, both types of income recipients should provide passport size photographs along with the documents required for home loan.


  1. Mortgage Documents

Since a home loan is a secured loan, you would also need to furnish documents to establish the ownership of the property you will mortgage.

Stay ready with property documents like –

  • Sale agreement or sale deed
  • Allotment letter
  • Housing society’s NOC, if applicable
  • Latest receipts of taxes paid on property

Once you are ready with these documents, apply for a home loan and submit them to get instant approval.

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