Since buying a home is a one-time decision, there is a huge amount of intensive planning required. A buyer has to decide the right Home Loan that suits their requirement, do proper research, find out about the Home Loan eligibility criteria, and prepare themselves accordingly.
A Home Loan is a financial instrument offered by various financial institutions like Banks (Public and commercial), NBFCs (Non-Banking Financial Corporation), HFCs (Housing Finance Corporation). In order to avail a Home Loan, you have to qualify the eligibility criteria and should have all the necessary documents before applying for a Home Loan.
Here’s a List of all the documents required for a Home Loan:
A duly filled application form that is also available online on the lenders respective banking website, with an attested current photograph.
Identity Proofs: Identity proofs like Aadhar card, driving license, pan card, voter card, a government college identity card etc. can be used for documentation.
Address Proofs: Address proofs like Aadhar card, ration card, driving license, voter card, a government college identity card having your address mentioned on it, electricity bill with your name mentioned on it etc. can be used.
Signature Proofs: You will be asked to verify your official signatures and you can use your Pan Card, Passport, and your Driving license for the same.
Date of birth Proof: To verify your date of birth, the accepted documents are a Birth certificate, Aadhar Card, Pan Card, Ration Card, Driving License, your school certificates etc.
Income details: You will be asked to submit your bank details with your loan application and you can use your bank Passbook for the same.
Salary Slips: Salary slips are generally required to verify your income and the lender will ask for salary slips of at least 3 months.
Bank account statement: You can apply for an e-statement or visit your nearest branch and get the bank statement.
Bottom Line: Before you head on to apply for a Home Loan, make sure you check the eligibility requirement details.