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Housing Finance Companies demand a number of documents, before they sanction your home loans. These documents are used for ascertaining your annual income, and to estimate your loan eligibility. Here, we present the list of documents required for salaried individuals and self-employed businessmen to get their home loan sanctioned.
Salaried Individuals
- Salary slip/Form 16 A.
- A photocopy of the first and last pages of Ration Card or copy of PAN Card or Telephone or Electricity bills.
- A photocopy of Investments (FD Certificates, Shares, any fixed asset etc.) or any other documents supporting the financial background of the borrower.
- A photocopy of LIC policies with the latest premium payment receipts (if any).
- Photographs (as applicable).
- A photocopy of bank statement for the last six months.
Self-Employed/Businessmen
- A brief introduction of Business/Profession.
- Balance Sheet, Profit and Loss account and statement of income with Income Tax returns for the last 3 years certified by a CA.
- A photocopy of Advance Tax payments (if applicable).
- A photocopy of Registration Certificate of establishment under shops and Establishments Act/Factories Act.
- A photocopy of Registration Certificate for deduction of Profession Tax (if applicable).
- Bank statements of Current and Savings accounts for the last 6 months.
- A photocopy of Certificate of Practice (if applicable).
- A photocopy of any bank loan (if applicable).
- A photocopy of the first and last pages of the Ration card or a copy of PAN/Telephone/Electricity Bills.
- A photocopy of LIC policy (if applicable).
- A photocopy of investments (FD Certificates, Shares, any other fixed asset).
Note: The list of documents required for home loans varies to bank to bank. Please check with the HFC for the final list of documents required.
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