Documents Required For Home Loan

The documents that are required in the procedure of home loan are similar across all the banks. It may be differ in several banks depending on particular necessities. Once the formalities were completed getting the loan is quick and easy process. Without all the necessary documents you are not eligible for processing the loan. Hence it is one of the most important parts while applying for home loan.

Before applying for the home loan one need some important documents along with them for further proceedings. The lists of such documents are mentioned below.

• Age proof
• Identity proof
• Address proof
• Income proof
• Last six months bank account statement
• Pass port size photographs of applicant

Following is the list of documents that are required for home loan

Proof of Identity

The documents that are considered as Proof of identity are:

• Voter’s ID card
• Driving License
• Pan card
• Photo Credit card
• Police or government department ID card

Proof of Income

• Latest salary slips showing all deductions
• IT returns for the last two years
• Computation of income for the last twelve years certified by CA
• Bank account statement

Proof of Residence

• Electricity Bill
• Telephone Bill
• Latest credit card statement
• Receipt of latest LIC policy or insurance premium
• Latest NSC