{"id":9899,"date":"2018-07-18T15:38:02","date_gmt":"2018-07-18T10:08:02","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=9899"},"modified":"2019-09-25T12:46:37","modified_gmt":"2019-09-25T07:16:37","slug":"documents-required-for-home-loan","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/documents-required-for-home-loan\/","title":{"rendered":"Documents Required For Home Loan"},"content":{"rendered":"<p>Sooner or later everyone needs a place of their own, and the best way to achieve that goal for a person from a mid-income household in India is to get a home loan. Government of India has schemes in place to assist house buying\/building for the citizens. Nowadays, home loans are easy to come by. But only if all your documents in order.<\/p>\n<p>To secure a home loan, an applicant must submit a number of documents that establish their KYC, the antecedents of the property they wish to purchase, their income background etc. depending on which category of customers (salaried\/professional\/businessman\/NRI) they belong to.<\/p>\n<h2>List of Property Documents Required For Applying Home Loan By All Applicants<\/h2>\n<ul>\n<li>Loan application form.<\/li>\n<li>3 photographs passport sized.<\/li>\n<li>Identify proof (acceptable documents listed below).<\/li>\n<li>Residence proof (acceptable documents listed below).<\/li>\n<li>Bank Account Statement\/Pass Book for last 6 months.<\/li>\n<li>Signature verification by bankers of the applicant.<\/li>\n<li>Liabilities statement and Personal Assets.<\/li>\n<\/ul>\n<h2>Documents For Guarantor (Wherever Applicable)<\/h2>\n<ul>\n<li>Liabilities Statement and Personal Assets.<\/li>\n<li>2 photographs passport sized.<\/li>\n<li>Identify proof.<\/li>\n<li>Residence proof.<\/li>\n<li>Proof of business address.<\/li>\n<li>Signature identification from present bankers.<\/li>\n<\/ul>\n<h2>List of Documents for Salaried Individuals<\/h2>\n<ul>\n<li>Salary Certificate (original) from employer.<\/li>\n<li>Form 16\/IT Returns for the past 2 financial years.<\/li>\n<\/ul>\n<h2>List of Documents Required for Self \u2013 Employed Professionals<\/h2>\n<ul>\n<li>IT Returns\/Assessment Orders copies of the last 3 years.<\/li>\n<li>Challans as proof of Advance Income Tax payment.<\/li>\n<li>Proof of business address for non-salaried individuals.<\/li>\n<\/ul>\n<h2>List of Documents Required for Self \u2013 Employed Businessmen<\/h2>\n<ul>\n<li>IT returns\/Assessment Orders copies of the last 3 years.<\/li>\n<li>Challans as proof of Advance Income Tax payment.<\/li>\n<\/ul>\n<h2>List of Property Documents:<\/h2>\n<ul>\n<li>Deed of Sale or Sale Agreement or Share Certificate (original) in case of a cooperative society.<\/li>\n<li>Receipts for taxes paid for Building and Land, certificate of possession, and certified sketch of the location of property from revenue authorities.<\/li>\n<li>Allotment Letter from Society\/Housing Board\/Private builder.<\/li>\n<li>Receipts of advance payments for flat purchase.<\/li>\n<li>Certificate of Non encumbrance encompassing the last 12 years\/30 years.<\/li>\n<li>Receipt of land tax payment and certificate of possession issued by revenue authorities.<\/li>\n<li>Permission letter from Appropriate Authority.<\/li>\n<li>Approved building plan (showing floor plan for flat purchase).<\/li>\n<li>Original No Objection Certificate issued under the ULC Act, 1976.<\/li>\n<li>Copy of relative order if agricultural land is being converted.<\/li>\n<li>No objection certificate (NOC) from Builder\/Housing Society.<\/li>\n<li>Detailed estimate of construction cost.<\/li>\n<li>Letter from Society\/Builder\/Housing Board mentioning their bank and account details, for installment remittance.<\/li>\n<li>Applicable for purchase of land plot, a declaration by loan borrower stipulating the date by which to construct a house.<\/li>\n<li>Report from lawyer as per standard format.<\/li>\n<li>Report stating the valuation of property in standard format by an empanelled valuer.<\/li>\n<li>Post closure of loan, documents required for handover of original Property documents<\/li>\n<li>Power Of Attorney for collecting original documents of Property.<\/li>\n<li><strong>In event of demise of the loan borrower:<\/strong><\/li>\n<\/ul>\n<ul>\n<li>Letter requesting handing over of Property documents from Legal Heir\/Nominee(s).<\/li>\n<li>Letter relinquishing the right to Legal Heirs\/Nominees for Property documents handover.<\/li>\n<\/ul>\n<h2>List of Home Loan Documents Required for Non Resident Indians<strong>\u00a0(NRIs)<\/strong><\/h2>\n<ul>\n<li>Document establishing KYC.<\/li>\n<li>Salary Certificate from employer stating in English the name (as per passport), designation, passport number, date of joining, latest salary.<\/li>\n<li>Last 3 to 6 months\u2019 salary slips reflecting variable components like incentives, overtime, etc.<\/li>\n<li>Latest IT Returns (for applicants filing IT returns in the country).<\/li>\n<li>For Self Employed NRIs, business documents like Trade License, Sponsor Agreement, Power of Attorney, etc.<\/li>\n<li>Copy of Passport showing the page of residence visa.<\/li>\n<li>Proof of employment by the Government of the residing country like work permit, labour contract, etc.<\/li>\n<li>Documents related to the Property with cost estimates from an Indian Architect or Engineer.<\/li>\n<li>For Salaried NRIs, income documents attested by embassy official required if there\u2019s no documented evidence for salary credit or fund remittance to India is available.<\/li>\n<li>Bank statements copies from overseas of the past 6 months.<\/li>\n<li>Last 6 months\u2019 NRO\/NRE bank statement.<\/li>\n<li>If applicant is unavailable in the country at the time of signing documents, Power of Attorney needs to be produced by the person acting on their behalf.<\/li>\n<\/ul>\n<h2>List of Documents Needed for KYC Compliance<\/h2>\n<p>Some of the usual documents admitted as KYC are mentioned below:<\/p>\n<p><strong>Photo Id Proof (Any One Required):<\/strong><\/p>\n<ul>\n<li>Passport<\/li>\n<li>PAN Card<\/li>\n<li>Driving License<\/li>\n<li>Voters ID Card<\/li>\n<\/ul>\n<p><strong>Residence Proof (Any One Required):<\/strong><\/p>\n<ul>\n<li>Electricity Bill<\/li>\n<li>Ration Card<\/li>\n<li>Telephone Bill<\/li>\n<li>Employment Letter<\/li>\n<li>Passbook or Bank Statement with address<\/li>\n<\/ul>\n<p><strong>Proof of Age:<\/strong><\/p>\n<ul>\n<li>PAN card<\/li>\n<li>Passport<\/li>\n<li>Birth certificate<\/li>\n<li>Driving license<\/li>\n<li>Bank passbook<\/li>\n<li>Marksheet from 10th class<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Sooner or later everyone needs a place of their own, and the best way to achieve that goal for a person from a mid-income household in India is to get a home loan. Government of India has schemes in place to assist house buying\/building for the citizens. Nowadays, home loans are easy to come by. &hellip; <a href=\"https:\/\/www.antworksmoney.com\/blog\/documents-required-for-home-loan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Documents Required For Home Loan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9899","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Antworks Money &#8211;  The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/documents-required-for-home-loan\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:description\" content=\"Sooner or later everyone needs a place of their own, and the best way to achieve that goal for a person from a mid-income household in India is to get a home loan. 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