What are the property documents required for home loan ?

Hey there. There are several property house loan documents required when you apply for a loan. These comprise the No Objection Certificate (NOC), the original sale deed or the agreement of sale, the occupancy certificate, maintenance and utility bills, the building plan, the land tax receipt, and so on. I am sharing complete details about each of the required documents, so that it becomes simpler for you to understand everything.

What are the Property Documents Needed for House Loan?

Here are the detailed property documents needed, along with the home loan application.

• NOC:

  You need to get an NOC from the society or the builder to confirm that no objections are raised related to the sale or purchase of the property.

• Original Sale Deed/Agreement of Sale:

  You’ll have to submit the original and registered sale deed, letter of allotment or the stamped agreement of sale, which is given by the builder. This is proof of the ownership of the property.

• Occupancy Certificate:

  This is for the ready-to-move-in property type, which is proof that the property is fit for occupation.

• Maintenance Bills:

  You’ll have to share copies of the maintenance, property tax receipts and electricity bills, that show the regular payment of these charges.

• Advance Payment Receipts:

  You’ll have to include the original bills, which serve as proof of any advance payment that has been made for the purchase of the property.

• Building Plan:

  You need to submit a copy of the building plan.

• Possession Certificate and Land Tax Receipt:

  You need to share the original land tax receipt and a possession certificate that gives proof of ownership issued by the authorities.

• Bank Account Statements:

  Share the current bank account statements that show the payments you’ve made to the builder or the seller.

• Construction Cost Estimate:

  You need to give an in-depth construction cost estimate to prove the needed loan amount for construction loans.

This is all from my side regarding the house loan documents required. I hope this helps.

Get Maximum Funding Home Loans via NoBroker!

Some related information: What Documents Required for SBI Home Renovation Loan?

Hi Friend Hi Friend I shall bifurcate the list of property paper required for home loan in 2 parts. First part described as General Papers are those papers...which are required by every bank irrespective of what type of case it is...i.e. Purchase of Property or Construction  Loan or Renovation Loan or Loan against Property.   2nd part described as Conditional Papers contain list of those property papers, which depends upon type of property which you are going to purchase...like it is a HUDA property of Gurgaon or Property of Old Gurgaon... or depend upon Type of loan...like Resale case, Construction Loan or Renovation Loan etc. General  Papers:-

1. Whole chain of property papers. For example assuming there are 3 sellers involved in the chain A, B, and C......C being the current seller. Then bank will required 3 sale deeds in fav of A, B and C. In Haryana HUDA cases, Reallotment letter in fav of B and C will also be required.
2. Possession Letter
3. Allotment letter in fav of Original allottee A by HUDA or DDA etcC

Conditional Papers:_

1. In resale cases Agreement to sell on stamp paper between current seller and buyer duly notarised along with self attested KYC & cancelled cheque of seller.
2. Sanction Map/Sanction Letter and Occupation Certificate if property is a ready to move in unit
3. Latest H.Tax receipt and Latest Electricity bill and Mutation in fav of current seller may also be required....depending upon type of property. For example in Old Gurgaon cases every bank requires these papers...whereas in HUDA Haryana cases, these papers are not demanded.
4.   Transfer Permission is required in Haryana HUDA Cases...in NOIDA cases, Transfer Memorandum is required.
5. Where seller has paid some penalty to authority for additional construction done, then Compounding plan and related papers are also required by bank.
6. Mortgage Permission in fav of the concerned bank is also required in Haryana HUDA cases and NOIDA authority cases. In Loan Against Property and Renovation Loan cases, where the property being financed is already in possession of loanee, then it is required before disbursement of loan. In resale cases, it is required by bank after disbursement of loan.

Hope I am able to answer your question properly.

The applicants need to submit documents to establish their KYC, the antecedents of the property they wish to purchase, their income background etc. The home loan eligibility and the documents required to apply for a home loan vary from bank to bank. Most commonly required documents to apply for a home loan are,

• Loan application form.
• 3 photographs passport sized.
• Identify proof
• Residence proof
• Property detailed documents
• Last 6 months Bank Account Statement
• Signature verification by bankers of the applicant.
• Salary Certificate (from employer. (salaried individuals)
• Form 16/IT Returns for the past 2 financial years. (salaried individuals)
• IT Returns/Assessment Orders copies of the last 3 years. (self – employed professionals)
• Proof of business details for non-salaried individuals. (self – employed professionals)
• IT returns/Assessment Orders copies of the last 3 years. (Self – Employed Businessmen)

Hey there friend,

I imagine you to be frazzled and confused about the long list of property documents required for home loan. Fret not, I will list down technical documents that you will surely need in your real estate endeavor. I would suggest making physical as well as digital copies of these documents for your convenience. Keep reading

What are the property documents required for home loan ? Property map :

For your loan application to be accepted, you will need to get a copy of the  property map approved by the respective statutory body. The lenders will have their own technical verification for the same.

Tax Receipts :

If you are getting a loan on resale property you need receipts. You will need previously paid tax receipts from the previous owner. This will act as proof about no due tax on the property you are purchasing. This will save you from paying extra tax.

Occupancy Certificate :

Banks ask for occupancy certificates. This will showcase the construction of the property has been completed. Moreover, it will act as proof that it has been done according to the rules and regulations of the statutory body.

These are a few of the property documents required for home loan. Other than these, you will need ID proof like Aadhar, PAN card,  residence proof like electricity bill or water bill and proof of age (passport, 10th mark sheet) etc.

Other documents you need are :

• Residence proof 

• Bank Account Statement/Passbook for last 6 months.

• Signature verification by bankers of the applicant.

• Liabilities statement and Personal Assets.

• Property detailed documents

• Salary Certificate from employer.

• Form 16/IT Returns for the past 2 financial years

If you need more help with property documents required for home loan.Check out NoBroker Loan Services to get best loan that you possibly can

Read more :

Can I Pay Home Loan EMI Through Credit Card?   

Home loan interest comes under which section?   

Which banks offer home loans for Gram Panchayat?