Applying for a home loan can be a daunting task, especially with the numerous documents required. To ensure a smooth and hassle-free application process, it’s essential to keep all the necessary documents ready. In this blog, we’ll outline the 5 essential documents you need to keep ready for your home loan application.
Document 1: Identity Proof
- Passport
- Aadhaar Card
- Voter ID
- Driving License
- PAN Card
Document 2: Income Proof
- Salary Slip
- Form 16
- Bank Statements
- IT Returns
- Audited Financial Statements
Document 3: Address Proof
- Utility Bills (Electricity, Gas, Water)
- Ration Card
- Lease Agreement
- Property Tax Receipt
- Driving License
Document 4: Property Details
- Property Documents (Sale Deed, Gift Deed, etc.)
- Property Tax Receipt
- Building Plan Approval
- Completion Certificate
- NOC (No Objection Certificate) from the Local authorities
Document 5: Bank Statements
- Latest 3-6 months of bank statements
- Statement of income and expenditure
- Statement of fixed assets and liabilities
Conclusion: Keeping these essential documents ready will help you navigate the home loan application process with ease. Remember to review and update your documents regularly to ensure they are accurate and up-to-date. Stay informed about the latest requirements and regulations in the Indian real estate market by following our blog.
