What are the documents required for home loan approval

 

The specific documents required for home loan approval in India may vary from one lender to another, but generally, the following documents are required:

1. Identity proof: Any government-issued identity card such as Aadhaar card, PAN card, voter ID, passport, etc.

2. Address proof: Any government-issued address proof document such as Aadhaar card, utility bills, passport, etc.

3. Income proof: This can include salary slips, bank statements, Form 16, IT returns, etc. If you are self-employed, you will need to provide your business’ income tax returns, profit and loss statements, balance sheets, etc.

4. Property-related documents: This includes property papers, NOC from the society/building authority, registration papers, etc.

5. Employment details: You will need to provide details of your employment status, such as employment certificate, employer’s name and address, etc.

6. Bank statements: You will need to provide your bank statements for the last 6 months to a year.

7. Photographs: Recent passport size photographs may be required.

It is always best to check with your lender to confirm the specific documents required for your home loan application.