Having a home of their own is everybody’s dream. How to start making this dream come true? Think about the best home loan plans that your bank has to offer. Here we give you a compilation of the required documents by these five banks. State Bank Of India, HDFC Bank, ICICI Bank, DHFL Finance, and Axis Bank. Note that CMM Languages has approved translator India for loan documents.
Following is the list of documents required for home loans by the banks mentioned above. However remember that documents must be in English. CMM Languages has approved translator in India for loan documents.
For SBI, this list is for both Salaried Individuals & Self-Employed Businessmen.
SALARIED INDIVIDUALS | SELF-EMPLOYED BUSINESSMEN |
Duly filled loan application. | Duly filled loan application. |
3 passport-size photographs. | 3 passport-size photographs. |
Identity Proof (Voter ID Card/Passport/Driving License/Pan Card). | Identity Proof (Voter ID Card/Passport/Driving License/Pan Card). |
Proof of Residence (Current Address Proof). | Proof of Residence (Current Address Proof). |
Bank Statement for last 6 months. | Bank Statement for last 6 months. |
Personal assets and liabilities declaration. | Personal assets and liabilities declaration. |
Proof of property. | Proof of property. |
Income Tax Proofs (If required). | Income Tax Proofs (If required). |
Signature Identification from present banker. | Signature Identification from present banker. |
An original salary statement or a salary certificate from the individual’s employer | Agreement of sale, sale deed, original share certificate issued by the society |
TDS certification on Form 16 or copy of IT returns for the last 2 financial years, duly acknowledged by the Income Tax department | Permission for construction of the house by the authority designated for the same |
Revocable letter of authority vide annexure/HL-C | Copy of approved plan of the purposed proposal for the construction |
Letter from the employer vide annexure/HL-D | Acknowledged and verified copy of 3 years’ IT returns or Income Tax Assessment Order |
Irrevocable letter of authority where applicant himself is drawing and disbursing officers vide annexure/HLE | Photocopies of challans demonstrating payment of advance income tax |
For HDFC Bank, this list of documents is for Agriculturists, Salaried Individuals, & Self-Employed Businessmen.
APPLICATION FORM WITH PHOTOGRAPH | APPLICATION FORM WITH PHOTOGRAPH | APPLICATION FORM WITH PHOTOGRAPH |
Identity and Residence proof | Identity and Residence proof | Identity and Residence proof |
Processing fee cheque | Processing fee cheque | Processing fee cheque |
Copies of Title Documents of Agricultural Land depicting Land holding | Latest Salary Slip | Educational Qualifications Certificate and Proof of Business |
Copies of Title Documents of Agricultural Land depicting crops being cultivated | Form 16 | Business Profile and Previous 3 years Income Tax returns (self and business) |
Statement of previous 2 years of loans availed | – | Previous 3 years Profit/Loss and Balance Sheet |
For ICICI, this list of documents is for the Salaried Individuals, Self-Employed Professional & Self-Employed Non Professional.
SALARIED INDIVIDUALS | SELF-EMPLOYED PROFESSIONAL | SELF-EMPLOYED NON PROFESSIONAL |
Application form with photograph duly signed | Application form with photograph duly signed | Application form with photograph duly signed |
Identity, residence and age proof | Identity, residence and age proof | Identity, residence and age proof |
Last 6 months bank statements | Last 6 months bank statements | Last 6 months bank statements |
Last 3 months Salary-slips | Last 3 months Salary-slips | Last 3 months Salary-slips |
Processing fee cheque | Processing fee cheque | Processing fee cheque |
Form 16 | Income Tax Returns | Income Tax Returns |
– | – | Proof of business existence |
– | – | Business profile |
– | Education qualification certificate and proof of business existence | Education qualification certificate and proof of business existence |
– | Last 3 years Income Tax Returns with computation of Income | Last 3 years Income Tax Returns with computation of Income |
– | Last 3 years Income Tax Returns with computation of Income | Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account |
For Axis bank, this list of documents is for the Salaried Individuals & Self-Employed Businessmen.
SALARIED INDIVIDUALS | SELF-EMPLOYED BUSINESSMEN |
Latest 3 months salary slip / certificate for fixed salary/Latest Form 16 | IT- returns for the last 2 years along with computation of income certified by CA |
Last 6 months bank statement/Passbook of the salary account | Last 6 months Bank statement for operative account both personal and business. |
Latest Electricity Bill/utility bill/ piped gas bill/ telephone bill (Not more than 2 months old)/ Passport/Aadhar card/ Voter ID/ Driving License. | Latest Electricity Bill/utility bill/ piped gas bill/ telephone bill (Not more than 2 months old)/ Passport/Aadhar card/ Voter ID/ Driving License. |
Can NRIs get home loans in India? Yes. Read our article – Home Loans for NRIs