Documents Required for Indian Bank Home Loan

To get a home loan from Indian Bank without problems, be sure to turn in all the right papers, and you'll have a better chance of getting approved fast. Indian Bank lends to people with different jobs, such as workers, self-employed people, business owners, retirees, and even Indians who live in other countries. The papers you need will vary based on your job.

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Mandatory Documents Required for Indian Bank Home Loan

Here is the list of documents needed based on applicant type:

1. Home Loan Application Form and Photographs

  • • Duly filled and signed Indian Bank home loan application form
  • • Recent passport-size color photographs

2. Proof of Identity (Any One Government-Approved Document)

  • • PAN Card (mandatory for loans above ₹10 lakh)
  • • Aadhaar Card
  • • Passport
  • • Driver’s License
  • • Voter ID Card

3. Address Proof (Any One Document Showing Current Address)

  • • Aadhaar Card
  • • Passport
  • • Driver’s License
  • • Voter’s ID
  • • Utility Bill (not older than 3 months)
  • • Registered Rent Agreement

4. Age Proof Documents (Any One)

  • • Birth Certificate
  • • Passport
  • • Aadhaar Card
  • • PAN Card
  • • 10th Standard Marksheet

5. Income Proofs

The documents required for income verification vary depending on your employment type:

For Salaried Individuals:

  • • Employment/Job letter
  • • Latest 3 to 6 months’ salary slips
  • • Form 16 or ITR for the last 2 years
  • • Bank account statements (last 6 months)
  • • Salary certificate (if asked)

For Self-Employed Professionals/Business Owners:

  • • Business license or registration certificate
  • • Business address proof
  • • ITRs for the last 3 years
  • • Profit & Loss account and balance sheets audited by a CA (last 2–3 years)
  • • Bank statements (last 6 months)
  • • Partnership deed (if applicable)
  • • Proof of business continuity (GST registration, trade license, etc.)

6. Property Documents

  • • Sale Deed copy
  • • Title Deed showing clear ownership
  • • Approved building plan
  • • Occupancy Certificate (for completed properties)
  • • Allotment letter and payment receipts (for under-construction properties)
  • • Property tax receipts

7. Additional Documents

  • • Proof of investments (FDs, LIC, Mutual Funds, etc.)
  • • Statement of assets and liabilities (existing loans, debts)
  • • KYC documents for co-applicants or guarantors (if applicable)
  • • For NRIs – Passport copies, visa details, overseas statements

Other Important Details about Indian Bank Home Loans

1. Who Can Apply

  • • Indian residents, NRIs, or PIOs aged between 18 to 70 years at the end of loan tenure
  • • Salaried individuals with a steady source of income
  • • Self-employed professionals/business owners with consistent income for 2–3 years

2. Loan Amount & Repayment Tenure

  • • Loan amount up to 90% of the property cost
  • • Repayment period up to 30 years

3. Interest Rates & Processing Fees

  • • Competitive interest rates offered by Indian Bank
  • • Nominal processing fees and related charges may apply

4. Repayment Options

  • • Option to repay through salary deductions
  • • No prepayment penalty on floating-rate home loans

5. Additional Benefits

  • • Option for top-up loans or additional borrowing
  • • Special interest rate concessions for women borrowers

To get a home loan from Indian Bank, you will need your KYC, proof of income, and property papers ready. The exact list may be different depending on what you do for work and the kind of place you're buying. But getting all your paperwork in order and ensuring it's correct will help speed things up. Before you apply, it's a good idea to check the bank's website or pop into a local branch to see if anything's changed. Indian Bank's home loans can work for lots of situations, whether you're buying or building. They're known to be dependable and can be changed to fit what people across India are looking for.

 

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