Documents Required for Rural Housing Loans in India

To apply for a home loan for a rural area, different applicant categories require specific documents. Here’s a detailed list:

Common Documents for All Applicants

Regardless of the applicant category, the following documents are mandatory:

• Identity Proof: Aadhaar Card, PAN Card, or Passport.

• Address Proof: Utility bills, rent agreement, or property tax receipts.

• Property Documents: Title deeds, sale agreement, and approved building plan.

1. For Agriculturists

• Income Proof:

-Bank Statements of the last 6 months showing repayment of any ongoing loans.

-Last 2 years’ statement of loans availed (if any).

• Identity and Address Proof:

-Aadhaar Card, Voter ID, or PAN Card.

• Other Requirements:

-Passport-size photograph of all applicants/co-applicants (duly signed).

-Cheque for processing fee favoring the lender.

-Proof of own contribution (down payment).

2. For Salaried Individuals

• Income Proof:

-Employment Contract/Appointment Letter (if current employment is less than 1 year).

-Bank Statements of the last 6 months showing salary credits and loan repayments.

-Last 2 years’ statement of loans availed (if any).

• Property Proof:

-Memorandum and Articles of Association of the Company.

-Sale agreement or lease deed for the property.

• Other Requirements:

-Passport-size photograph of all applicants/co-applicants (to be affixed on the application form and signed across).

-Proof of own contribution (down payment).

3. For Self-Employed Individuals

• Income Proof:

-Latest Form 26 AS.

-Business profile detailing operations and financial performance.

• Property and Business Proof:

-Memorandum and Articles of Association of the Company (if incorporated).

-Partnership deed (if applicable).

-List of directors and shareholders certified by a CA/CS (for companies).

• Loan Details:

-Details of ongoing loans of the individual and the business entity, including outstanding amount, instalments, security, purpose, and balance loan term.

•  Other Requirements:

-Passport-size photograph of all applicants/co-applicants (to be affixed on the application form and signed across).

-Cheque for processing fee favoring the lender.

-Proof of own contribution (down payment).