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You are Eligible for EMI Amount
₹56,409
Principal Amount
₹6,500,000
Interest Amount
₹7,038,042
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8,000,000₹
8.5 p.a
20 years

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Principal Amount
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Interest Amount
7,038,042
Why TyTil for Home Loan?
  • Offers from 34+ Banks
  • Lowest Interest Rate
  • Highest Loan Value

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    Checklist for a Smooth Application Process

    When applying for a home loan, providing accurate documentation is crucial. Lenders require a range of documents to verify your financial stability, employment status, and property details. This home loan document checklist helps you gather the necessary documents to streamline the application process and improve your chances of approval.

    Documents Required for Home Loan

    Securing a home loan requires careful preparation, especially in gathering and submitting the necessary documentation. Lenders need specific documents to assess your financial stability, repayment capacity, and property details, which vary based on your employment status, residency, and property type. Here’s a detailed breakdown of the documents required for a home loan application.

    Home Loan Offers
    • ICICI Bank Recommended
      9% Interest
      ₹2.95Cr Loan Amount
      20 Yr Tenure
      ₹2,65,419 Monthly EMI
      Get Loan disbursed under 15 Days
      ₹59,000 Cash Reward
      Enquiry
    • SBI Recommended
      8.9% Interest
      ₹2.95Cr Loan Amount
      30 Yr Tenure
      ₹2,24,742 Monthly EMI
      Get Loan disbursed under 15 Days
      ₹59,000 Cash Reward
      Enquiry
    • Axis Recommended
      8.9% Interest
      ₹2.95Cr Loan Amount
      30 Yr Tenure
      ₹2,24,742 Monthly EMI
      Get Loan disbursed under 15 Days
      ₹59,000 Cash Reward
      Enquiry
    • BOB Recommended
      8.9% Interest
      ₹2.95Cr Loan Amount
      30 Yr Tenure
      ₹2,24,742 Monthly EMI
      Get Loan disbursed under 15 Days
      ₹59,000 Cash Reward
      Enquiry
    • CBI Recommended
      8.9% Interest
      ₹2.95Cr Loan Amount
      30 Yr Tenure
      ₹2,24,742 Monthly EMI
      Get Loan disbursed under 15 Days
      ₹59,000 Cash Reward
      Enquiry
    • Indian Bank Recommended
      8.9% Interest
      ₹2.95Cr Loan Amount
      30 Yr Tenure
      ₹2,24,742 Monthly EMI
      Get Loan disbursed under 15 Days
      ₹59,000 Cash Reward
      Enquiry
    • HDFC Recommended
      8.9% Interest
      ₹2.95Cr Loan Amount
      30 Yr Tenure
      ₹2,24,742 Monthly EMI
      Get Loan disbursed under 15 Days
      ₹59,000 Cash Reward
      Enquiry
    • PNB Recommended
      8.9% Interest
      ₹2.95Cr Loan Amount
      30 Yr Tenure
      ₹2,24,742 Monthly EMI
      Get Loan disbursed under 15 Days
      ₹59,000 Cash Reward
      Enquiry
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    Home Loan Documents Checklist for Salaried Individuals

    • Identity Proof: Aadhar Card, PAN Card, Passport, or Voter ID.
    • Address Proof: Utility bills, Passport, Aadhar Card, or Voter ID.
    • Income Proof: Latest 3 months’ salary slips, Form 16, and recent Income Tax Returns (ITR).
    • Bank Statements: Last 6 months’ bank statements to verify income and expenditure patterns.
    • Employment Verification: Appointment letter or experience certificate from the current employer.
    • Passport-Sized Photographs: Recent photographs as per the bank’s requirements.

    Home Loan Documents Checklist for Self-Employed Individuals

    • Identity Proof: Aadhar Card, PAN Card, Passport, or Voter ID.
    • Address Proof: Utility bills, Passport, or Voter ID.
    • Income Proof: Last 2-3 years’ ITR with a complete financial statement, including Balance Sheet and Profit & Loss statement, certified by a Chartered Accountant.
    • Bank Statements: Bank statements of the last 6-12 months.
    • Business Proof: Business registration certificate or professional license, depending on the nature of your work.
    • Other Financial Documents: Partnership deed, Articles of Association, or Memorandum of Association, if applicable.
    • Photographs: Passport-sized photographs as per the lender's requirement.

    Home Loan Documents Checklist for NRIs

    • Identity Proof: Passport, Aadhar Card (if applicable), or any other acceptable ID proof.
    • Address Proof: Proof of overseas residence, such as utility bills or bank statements from the residing country.
    • Income Proof: Salary slips or employment contract, if salaried; financial statements and tax returns, if self-employed.
    • NRI Account Statements: Last 6-12 months’ Non-Resident External (NRE) or Non-Resident Ordinary (NRO) account statements.
    • Power of Attorney (POA): A legally notarized POA if the applicant is not physically present to complete the formalities in India.
    • Employment Proof: Work permit, visa, and appointment letter for salaried NRIs.
    • Photographs: Passport-sized photographs as per the lender's guidelines.

    Property Documents Required for a Home Loan

    • Sale Deed: Original sale deed or title deed to verify ownership.
    • Agreement to Sell: Document showing the terms and conditions between the buyer and seller.
    • Occupancy Certificate (OC): Certificate from the local municipal corporation, particularly for ready-to-move-in properties.
    • Encumbrance Certificate: Certificate confirming that the property is free from any outstanding loans or encumbrances.
    • Approved Building Plan: Approved layout plan and building plan issued by the local municipal authority.
    • Property Tax Receipts: Latest property tax receipts as proof of up-to-date tax payments.
    • NOC from Society or Builder: No Objection Certificate from the housing society or builder.
    • Possession Certificate: Particularly important for properties under construction, this certificate confirms the property's possession status.

    Gathering the correct home loan documents is key to a successful and speedy home loan application process. Different requirements apply to salaried individuals, self-employed professionals, and NRIs, and having a clear understanding of property documents is essential. By using this home loan document checklist, you can prepare in advance and improve your loan approval chances. Organizing all necessary paperwork not only accelerates the process but also demonstrates financial reliability, helping you secure the best possible terms for your home loan.

     

    Frequently Asked Questions

    +
    To apply for a home loan, you need identity proof (Aadhar, PAN, or Passport), address proof (Utility Bill, Voter ID), income proof (Salary Slips, ITR, Bank Statements), and property-related documents (Sale Deed, Encumbrance Certificate, Approved Building Plan).
    +
    Submitting the correct home loan documents ensures smooth loan processing, faster approval, and better interest rates. It helps lenders verifyyour identity, income, and property details to assess loan eligibility.
    +
    • Salaried IndividualsLatest salary slips, Form 16, ITR, and bank statements (last 6 months)
    • Self-Employed Individuals: ITR (last 2-3 years), audited financial statements,
      business registration proof, and bank statements (last 12 months).
    +
    Yes, NRIs need additional documents like a passport, visa, work permit, NRE/NRO account statements, employment contract, and a Power of Attorney (POA) for home loan applications in India.
    +
    Essential property documents include the Sale Deed, Agreement to Sell, Occupancy Certificate, Encumbrance Certificate, Approved Building Plan, Property Tax Receipts, and NOC from the Builder or Society.

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