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Home / Finance / Home Loan / Can any one tell what are all documents required to take a home loan from the bank.
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Can any one tell what are all documents required to take a home loan from the bank.

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These are the documents required to take a home loan from the bank: 1. Identity Proof 2. Current Address Proof 3. Age Proof 4. Property Documents - Property documents & LINK documents with approved plan 5. Bank Statement - Updated Latest 3 Months Statement. 6. Company ID - For Employment Proof. 7. Salary Slip - Last 3 Months. 8. Form 16 - If Required
The specific documents required to obtain a home loan when applying for a home loan:
  1. Application Form:
    • Completed and signed loan application form.
  2. Identity Proof:
    • Passport
    • Voter ID
    • Driver's License
    • PAN Card
    • Aadhar Card
  3. Residence Proof:
    • Passport
    • Utility bills (electricity, water, gas)
    • Rental agreement
    • Voter ID
    • Aadhar Card
  4. Income Proof for Salaried Individuals:
    • Salary slips for the last few months
    • Form 16 and Income Tax Returns (ITR) for the last few years
  5. Income Proof for Self-Employed Individuals:
    • Income Tax Returns (ITR) for the last few years
    • Profit and loss statement and balance sheet for the business
    • Business registration documents
  6. Employment Proof:
    • Employment letter
    • Appointment letter
    • Employee ID card
  7. Bank Statements:
    • Bank statements for the last 6 months or more
  8. Property Documents:
    • Title deeds of the property
    • Sale deed
    • Encumbrance certificate
    • Property tax receipts
    • NOC from relevant authorities
  9. Down Payment Proof:
    • Bank statements showing the source of the down payment
  10. Credit History:
    • Credit report and score
  11. Photographs:
    • Passport-sized photographs
  12. Legal Check Documents:
    • Legal opinion on the property
    • Property valuation report
Banks may have additional documentation requirements based on their internal policies and the nature of the loan. It's advisable to check with the specific bank or financial institution where you plan to apply for the home loan to get a detailed and accurate list of required documents.
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