Which documents are required to be submitted to a bank for taking home loan ?
Answers
Answer:
Here is a checklist of the documents required to apply for a home loan.
Passport Size Photographs
Identity Proof: Passport / Driving License / Voter ID / PAN Card / Aadhaar Card.
Address Proof: Driving License / Registered Rent Agreement / Electricity Bill (up to 3 months old) / Passport.
Employment Appointment Letter: Required if the current employment is less than 1-year old.
Financial Documents:
o Last 3 months salary slip.
o 6 month bank statement.
o 2 year Form 16.
Property Documents: Sale deed, Khata, transfer of ownership.
Advance Processing Cheque: A cancelled cheque for validation of bank account.
Financial Documents:
a. For Salaried Individual: 3 month salary slip, Form 16 and bank statement
b. For Self-Employed Individual: IT returns for last 2 years along with computation of income tax for past 2 years certified by a Chartered accountant
c. For Self-Employed Non- Professionals: IT returns for last 3 years along with computation of income tax for past 2 years certified by a Chartered accountant
Complete Home Loan Application form duly filled