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Documents Required for Home Loans - Complete Checklist

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Home Loan Documents Required

Home Loans help to fullfil all housing finance related needs. But to do so, they need certain documents to be sure of the borrower. Also, home loans are secured loans. As such, the lenders need to have the property documents before they approve the loan. Different lenders have their own specific requirements, criteria and documents required.

Here is a complete list of the documents required for a home loan.

Checklist of Documents Required for Home Loan

Here is a checklist of the documents required to apply for a home loan. 

  1. Passport Size Photographs
  2. Identity Proof: Passport / Driving License / Voter ID / PAN Card / Aadhaar Card.
  3. Address Proof: Driving License / Registered Rent Agreement / Electricity Bill (up to 3 months old) / Passport.
  4. Employment Appointment Letter: Required if the current employment is less than 1-year old.
  5. Financial Documents:
    o Last 3 months salary slip.
    o 6 month bank statement.
    o 2 year Form 16.
  6. Property Documents: Sale deed, Khata, transfer of ownership.
  7. Advance Processing Cheque: A cancelled cheque for validation of bank account.
  8. 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

  9. Complete Home Loan Application form duly filled.

List of Common Documents Required for a Home Loan

  • Complete Home Loan Application Form with one passport size photograph.
  • Photo Identity Proof: Passport / Driving License / Voter ID / PAN
  • Residence Address Proof: License / Registered Rent Agreement / Utility Bill
  • Residence Ownership Proof: Sale deed or rental agreement
  • Income Proof: salary slip, bank statement and Form 16
  • Job Continuity Proof: Appointment letter at employment and validation letter from HR
  • Bank Statement: Past 6 months’ document
  • Property Documents: Sale deed, Katha, 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

Documents Required for Salaried Individual

  • Loan Form: Bank loan application form to be filled with passport size photographs affixed
  • Address Proof: Leave and License / Registered Rent Agreement / Utility Bill (up to 3 months old), Passport
  • Identity Proof: Passport / Driving License / Voter ID / PAN
  • Income Proof: 3 month payslips, 2 years Form 16, Copy of Income Tax PAN
  • Bank Statement: 6 months bank statement that shows salary from the employer and any EMI paid for outstanding debit.

Documents Required for Self Employed– Professionals

  • Identity Proof: Passport / Driving License / Voter ID / PAN.
  • Address Proof: License / Registered Rent Agreement / Utility Bill.
  • Office Address Proof: Property Documents, Utility Bill.
  • Office Ownership Proof: Property Documents, Utility Bill, Maintenance Bill.
  • Business Existence Proof: 3 years old Saral Copy, the Company Registration license, Shop Establishment Act.
  • Income Proof: Latest 3 years Income Tax Returns including Computation of Income, Profit & Loss Account, Audit Report, Balance Sheet, etc.
  • Bank Statement: Past 1 year bank statement.
  • 1 passport size color photograph.

Documents Required for Home Loan Balance Transfer

There are many reasons why people transfer their home loan from one financial institute to another. Most prominent reason is lower interest rate which saves cost of borrowing. You must identify the objective of transferring the loan before actually doing it. The process of home loan balance transfer is not much different than applying for the home loan. That is the reason why documentation part is very important for transferring the home loan from one financial institute to another. The process not just includes the documentation but also the validation of documents. The documents are r validated by the bank or NBFC that you apply to. One has to accept that the reliability of a person for repayment is decided from the documents that the person has to offer. The documents of the applicant will describe if he / she will able to repay the loan amount or not. The prerequisite key documents for home loan transfers are the following:

  • Passport-size photographs
  • Filled application form for loan transfer (of the bank / NBFC)
  • Latest three months' Salary Slips indicating break up of Gross salary that is the Basic Pay, House rent and Net Salary after deductions, if any.
  • Six months' bank statement, reflecting salary credits updated within 15 days before the loan application.
  • Identity Proof (Any One): Pan Card, Passport / Driving License / Voter's ID card / employee identity card (as identity proof and signature proof in case of government employees).
  • Proof of address: utility bill / voters ID / Aadhar card.
  • Proof of Age (Any One): 10th or 12th Marks Cards / birth certificate / PAN Card / Voters ID Card.
  • If you are a self-employed professional or businessperson, then instead of Points (3.) and (4.), you need to provide documents proving the existence of your business (for businesspersons) and academic qualifications (for professionals) ; and financial statements for both.
  • Bank statements from wherein the home loan EMIs were deducted amounting to last 12 months of the account.
  • The Loan statement copy and complete set of documents relating to the property that is currently in possession of the present home loan lender.




Proof of both identity and residence (any 1)

1. Valid Passport


2. Voter ID Card


3. Aadhaar Card


4. Valid Driving Licence

Proof of income

1. Last 3 months' Salary Slips


2. Last 6 months' Bank Statements, showing salary credits


3. Latest Form-16 and IT returns

Other documents

1. Employment Contract / Appointment Letter in case current employment is less than 1 year old


2. Last 6 months' Bank Statements showing repayment of any ongoing loans


3. Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across


4. Cheque for processing fee favoring ‘The New bank’

Documents for a Balance Transfer Loan

1. A letter on the letter head of the existing lender stating the list of property documents held by them


2. Latest outstanding balance letter from your existing financial institution on their letter head


3. Photocopy of the property documents (including Own Contribution Proof)

Ability to reimburse the credit takes factors, for example, age, capabilities, pay, and life partner's salary, number of dependents, resources, reserve funds history, liabilities, dependability and persistence in occupation in thought. The candidate is called as the individual and the co-candidates can be candidate's mate, guardians, or even real youngsters. The co-candidate requires not be co-proprietor of house, but rather co-proprietor of property should be the co-candidate. In Floating-rate of intrigue credits any adjustment in the base rate will be directly affecting financing cost of the Home Loan.

Additional Documents for Loan Takeover / Transfer


Self Employed

Loan statement (loan track) and list of property documents (LOD) in possession of existing lender



Last 12 months' statement of bank account from which loan EMI is paid



Application Form and KYC


Self Employed

Application Form with photo and signed by Primary Borrower and Co-borrower(s)



Identity Proof of Primary Borrower and Co-borrower(s)



Residential Address proof of Primary Borrower and Co-borrower(s)



Age Proof of Primary Borrower and Co-borrower(s)



Office address – ownership / lease / rent agreement / utility bill



Income Proof


Self Employed

Last 3 years’ Form 16, last 6 months salary slip, last 6 months’ bank account statement showing salary credit



Last 3 years ITR (self and business), profit and loss account, balance sheets certified / audited by a CA. Last 12 months bank account statement (self and business)



Certificate and Proof of Business Existence



Business Profile



Documents Required For Under Construction Home Loan

  • Age proof along with address proof.
  • Income proof.
  • Bank statements.
  • Identity proof.
  • Educational Qualification proof i.e. mark sheets or certificates.
  • Filled application form.

Documents Required for Senior Citizens / Pensioners:

  • 1 passport size color photograph
  • Photo Identity Proof: Passport / Driving License / Voter ID / PAN
  • Residence Address Proof: License / Registered Rent Agreement / Utility Bill
  • Age Proof: Pan Card or Passport
  • Income Proof: Pension Returns Or Bank Statement

Why are these documents required?

Having one’s own home is no more a dream now, with the help of Home Loan this dream can be easily turned into reality without doing much.

Finance Buddha is one of the leading DSAs where you can get Home Loan at reasonable interest rate without any hassle and stress. We understand your emotions for your home as it is the place where you make best of your memories with your family and near and dear one’s. We also understand the value of your time and the difficulty which you face while the documentation regarding your home loan, hence we try to keep it as minimal as it can be.

Documentation is a very important part, as this is the only way by which lenders can know their customer in a better way. The documentation process regarding a home loan is bit complicated as it as a secured loan. Here you need to give a guarantor and security in form of any of your property paper or anything else, so that we can build a trust on you and can lend you without any risk.

Well, banks & financial institutions ask for numerous documents because of following reasons:

  1. To know the nationality & age of the applicant. Age is important as home loan is long term loan & the person should be at the age of repayment till the loan is over.
  2. Financial documents clearly state all the records that you have. For example, if the current loan’s EMI was not paid on time it will be traceable from bank statement.
  3. Credit score is easily verifiable from the list of documents that you are supposed to submit for loan transfer. If your credit score is not as per the requirement of bank of NBFC they will reject the application
  4. Monthly income can be determined easily from the employment & business documents. It is very important for bank / financial institute to make sure that you are eligible for the loan & you will able to repay t on time.

Why is the income proof necessary?

When you are looking for a Home Loan you must be looking for lump sum money. Mortgage or property loan is the easiest form of loan that can be a help here. In mortgage loan you need to mortgage one of your assets say land to the lender. You get a lump sum amount of money against the asset you are mortgaging. Now the question is why should one need an income proof to avail such loan?

Mortgage Loans are easy to avail but it is not easy to access in case of dispute. According to the guidelines of mortgage loan if the borrower fails to repay the loan amount then the lender can easily cease the asset that is being mortgaged. The lender put the asset on sale and realise the money. But in case of asset, if we consider it as land, it is not easy to sell it off so quickly and realise the money. Hence the lender checks on borrowers’ income proof so that they can be sure of the EMIs. There is also a possibility of lowering down the property value in future, so it gets risky for the lender in mortgage loan.

What is Khata?

Khata is one of the essential legal revenue documents. It is required while authorizing any property for trade. Khata is basically an account of a person who is having a property in Bangalore which contains the tax details of the property. This Khata i.e. account is basically with Municipal Corporation.

Khata (account) contains all the details related to the property which includes the property’s owner name, property size, location of the property and all the other details which are required for filling the property tax. In Bangalore, Khata decides evaluation of the property’s owner. In Khata the nature of property is also mentioned like whether the property is commercial or residential in nature. As when this is mentioned in the Khata it becomes easy in Licensing and for using it for trade purpose and to acquire Loan on it.

Details which a Khata contain are:-

  • Name of the owner.
  • Location of the property.
  • Plot number.
  • The number of the floors.
  • Area and size of the Property.
  • The day of establishment and some more.

All the above mentioned details are very important for filling the Property tax. Overall khata is the document which licence the property and ensure that your property is eligible for paying the property tax. There are two types of Khata in Bangalore one is A Khata and the second is B Khata. These two are different in nature having their own significance.

What is A Khata?

A Khata is a register which contains the details of the property like, its name and their other tax details too. A Khata is basically the Khata which was being talked about above.

If a property is in khata A that means that for that property the property taxes are being paid. And they are having no outstanding tax amount on them.

There are two elements of A Khata those are:-

The Khata Certificate

The Khata Certificate is fundamentally a document that a property proprietor / owner requires to enlist his / her property or for the exchange of the ownership that basically happens when a property is sold or even if an owner wants to transfer his / her property to any other. With a specific end goal to make a demand for the khata authentication the proprietor of the property needs to compose a letter to the BBMP (Bruhat Bangalore Mahanagara Palike ) and furthermore join their most recent paid assessment receipt to it. These reports should be submitted with the board alongside a standard cost of Rs. 25 for every property they present the letter for. It is this permit or declaration issues by Khata that will empower the property proprietors to apply for water and power associations or so far as that is concerned getting their hands on a business permit.

The Khata Extract

The Khata extract is the document which contains all the documents regarding the property details. Those details are name of the owner, area of the property, tax details, plot number and mainly such details.

What is B Khata?

B Khata is totally different from the A Khata. B Khata contains the Name of properties which have outstanding taxes on them. And the taxes are yet to be given. Those properties which are in B Khata have yet not received their Khata certificate or any legal status.

How to apply for a Khata?

If you have not applied for Khata of your Property don’t delay this as from the above details now it would be clear to you that how important is khata.

For applying for a Khata all you need is to take an application form from the BBMP, fill that complete from and submit it to the revenue officer of the concerned area along with the tax details paper of the property.

Why is Khata important?

It is very important to have Khata of a property because you will need a Khata for taking electricity connection, water connection and even for any kind of loan.

What is a Sale Deed?

A sale deed is a legal document which has all the information regarding the sale, purchase and transfer of a property. A sale deed holds lots of importance as it proves your ownership on a particular property which you purchased.

A sale deed when talking basically is the main document which has all the details related to the deal of the property. A sale deed denotes proof that you have paid a particular amount against your house and hence it belongs to you now. This deed also contains some other information such as details of the of previous owner, previous to previous owner, value paid against the property, location and dimensions of the property.

Sale deed is also a declaration that you are selling your property with your own will.

Who prepares a Sale Deed?

A sale deed is prepared by an authorised lawyer on behalf of an individual. The sale deed declaration should include all details of the property, ownership and the financial deal and it has no fixed format.

Information a Sale Deed contains:

  • Property Seller’s name & address.
  • Property  Buyer’s name & address.
  • Details of the property – location, dimension, jurisdiction.
  • Details of previous owners of the property.
  • Cost paid against the property.

What is a Patta?

If you own a piece of land then Government issues a legal document as a proof of ownership of the land. This piece of document is called Patta. Patta generally issues in the name of the owner of the land. But government issues Patta only for those properties which are in constant use. As for example if your land is unproductive then you can’t get the Patta for it. You will only get the document issued if there is any house or building built on it.

If there are multiple owners for a single plot then a single Patta is being issued for all the owners. But in that case the there must be a division of the property. If there is an undivided land Patta will not get issued.

Is it compulsory for every property owner to have a Patta?

Patta is a legal document and definitely it has immense importance when it comes to property dealing. It is an important ownership record that is required to set up right of ownership for the owner of the particular land under the law. Also holding a Patta will make things much easier, especially the government’s compensation from the plot and such will become much easier for the owner.

Patta, on the other, works like a Will Draft. Those who don’t have any Will Paper before his / her death then the land ownership will be automatically transfer to the next family member if the deceased person held a Patta for the land. There will be a small name transfer and renewal process that one must go through to transfer the name (s) of the Patta holder.

Where can we obtain Patta?

Patta is issued by the administrative authority or Tehsildar of the district. There is a small process of obtaining the Patta. The owner (s) has to submit an application or requisition along with necessary documents and details of the owner. There might be an interview of the owner or verification and inspection of the land and the owner. There is a specific format of the required details that the owner has to follow during the process of obtaining Patta. The authority will enquire and do survey of the land as well. The Patta does not need annual or monthly renewal. The renewal takes place only at the time of name transfer.

Home Loan Application Form is the first basic step to start the processing of home loan, post validation of all details in the application form the bank with process the loan and will let you know the next steps to make your dream come true.

Documents to collect from Lender after closing a Home Loan

Basically there are just 5 documents to be received once you close your existing home loan and the list of these documents are below:

  1. No Objection Certificate (NOC): This is an authorization certificate confirming there is no outstanding due and it is issued by the lending bank assuring that all payments have been settled. It is considered as the important documents to acquire during closure of home loan.
  2. Retrieve original property documents: Take back all documents from the bank that was submitted while applying for home loan. Check for misplaced or missing pages and documents. If possible, go the bank and personally retrieve your loan documents thus courier delays and problems can be avoided.
  3. Retrieve Security Cheques: Everyone would have submitted 3-4 security cheques at the time of applying loan to the lending bank. Make sure to take these back after filing necessary documents for the same. This was just shared with the bank for security reasons in case if you default the payments.
  4. Encumbrance Certificate (EC): An EC is a certificate listing all monetary transactions on your house. Once the home loan is closed, it must reflect in the EC. This is necessary to complete the home-loan closure procedure.
  5. Get Legal Clearance: Though this is optional, it is advisable to get a legal clearance certificate from a lawyer. In this way, you can be sure that all necessary formalities are completed from a legal stand-point. Also in case of any issues, a lawyer is the best person to make any decision on the same.

Home Loan Documents ReviewsView All

Kumar Srinivas

5 / 5

On-time disbursal of money, affordable rates from SBI, and helpful executives!
Durgesh Nayak

5 / 5

Good service! I recently purchased one flat in Bangalore. The cost of the property was almost 1 cr. So, I went for a home loan. I applied for a home loan with HDFC. The interest and charges are nominal and I got the loan on time without much delay. Happy with the service!!
Dheeraj Gowda

5 / 5

The reason behind taking my housing loan from HDFC is trust, I have my salary account in this bank and an ongoing personal loan as well. The documentation process was simple and it took almost 4 to 5 days to get the loan amount disbursed.
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