What are the Documents Required for a Home Loan?

A home loan is one of the most sought-after loans today for those who dream of owning their dwelling units. However, there are many people unaware of the documents required for home loan. 

Documents Required for a Home Loan

Potential customers opting for a home loan must submit the following documents-

1. KYC Documents (PAN card, Aadhaar card, etc.)
2. Income-related documents (such as the payslip for salaried individuals and business turnover proof for self-employed individuals) 
3. Property-related documents (such as the title deed for property ownership, NOC from the builder, etc.)

Besides submitting the following documents, one must also meet the lender-specific eligibility criteria, including-

1. Must be Indian residents
2. Must be between 23 to 70 years 
3. A work experience of at least 3 years for salaried individuals and a business tenor for at least 5 years for self-employed individuals 
4. A credit score of 750 or above

Interested individuals should submit the lender-specific documents required for home loan and meet the eligibility criteria to avail the advance hassle-free. 

Home Loan Application Process

Individuals applying for a home loan must follow the step-by-step process mentioned below:

Step 1: Fill in the online home loan application form with your chosen lender

Step 2: Submit the necessary documents 

Step 3: Click on the Submit button

Step 4: Wait for the lender’s approval

Additional Read: Documents Needed for Different Home Loan Criteria