Documents Required for Sundaram HFL Home Loan

Sundaram HFL requires valid identification documents to verify the identity of all applicants and co-applicants. Any one of the following is acceptable:

• • Passport (valid)
• • Driving License with validity
• • Voter’s ID Card (with address)
• • Aadhaar Card (masked for government subsidy benefits)
• • Job card issued under NREGA or a letter from National Population Register

Every borrower must submit proof of residence. Documents can include:

• • Passport
• • Voter’s ID
• • Driving License
• • Aadhaar Card
• • Utility bills such as electricity, water, or telephone bills not older than 2 months
• • Registered rent or lease agreement (if the applicant is a tenant)

Income documentation requirements differ for salaried and self-employed borrowers.

For Salaried Borrowers:

• • Recent salary slips (typically last 3 months)
• • Form 16 or Income Tax Returns for the last two years
• • Bank statements showing salary credits for at least the last six months
• • Employment certificate or appointment letter, particularly if newly employed

For Self-Employed Borrowers:

• • Business registration certificates, such as GST, trade license, or shop establishment license
• • Income Tax Returns (ITR) for the last 2-3 years accompanied by Computation of Income
• • Audited profit and loss statement and balance sheet by a Chartered Accountant for the last 2-3 years
• • Bank account statements for the business and personal accounts for the last six months
• • Partnership deed for partnerships, memorandum of association for companies, and professional license if applicable

The property documents vary depending on the type of transaction (new purchase, resale, construction):

For Purchase of New or Under Construction Property:

• • Original registered sale deed or allotment letter/agreement to sell
• • Approved building plan and layout plan sanctioned by the competent local authorities
• • Payment receipts for all payments made to the builder/seller
• • Encumbrance certificate covering the last 13 years or prior (if applicable)
• • NOC from the builder or housing society granting permission for the mortgage
• • Completion certificate/license and possession letter (for ready-to-move-in property)
• • Patta (property title deed) in the name of the borrower or vendor

For Purchasing Resale Property:

• • Original registered sale deed in favor of the seller
• • Copy of the original mother deed or chain of previous sale deeds to prove clear ownership
• • Encumbrance certificate for at least 13 years
• • Latest property tax receipts, water/electricity bills
• • NOC from the housing society and possession letter
• • Approved building and floor plans

• • Passport-sized photographs of all applicants and co-applicants
• • PAN card copies (mandatory for all transactions)
• • Bank statements for the last six months to demonstrate financial transactions
• • Passport and visa for NRIs and PIOs, along with overseas bank account and income proofs if applicable
• • Processing fee cheque payable to “Sundaram Home Finance Limited”
• • Copies of all loan sanction letters and repayment statements, if existing loans are present
• • Power of attorney documents, if applicable (especially for NRIs)