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Essential Documents Required for Buying Property with Home Loan


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Essential Documents Required for Buying Property with Home Loan

Are you considering buying a property with the help of a home loan? Whether you're a salaried individual, self-employed, or a business person, there's a set of documents you'll need to have in order to proceed with your home loan application smoothly. Let's delve into the essential documents required for each category:

Document Type

Salaried Individual

Self-Employed Individual

Business Person

1. Identification Proof

Passport/Driver's License/Voter ID

Passport/Driver's License/Voter ID

Passport/Driver's License/Voter ID


PAN Card

PAN Card

PAN Card


Aadhaar Card

Aadhaar Card

Aadhaar Card





2. Address Proof

Utility Bills (Electricity/Water/Gas)

Utility Bills (Electricity/Water/Gas)

Utility Bills (Electricity/Water/Gas)


Rental Agreement

Rental Agreement

Rental Agreement


Passport

Passport

Passport


Voter ID

Voter ID

Voter ID





3. Income Proof

Salary Slips (last 3-6 months)

Income Tax Returns (last 2-3 years)

Business Proof (Shop Act/GST Registration)


Form 16

Profit & Loss Statement/Balance Sheet

Income Tax Returns/Balance Sheet


Bank Statements (last 6 months)

Bank Statements (last 6 months)

Bank Statements (last 6 months)





4. Employment/Business Proof

Employment Certificate

Business Registration Certificate

Business Registration Certificate


Appointment Letter

Business Profile

Business Profile



Professional Qualifications (if applicable)

Professional Qualifications (if applicable)





5. Property Documents

Sale Deed

Sale Deed

Sale Deed


Allotment Letter/Builder Agreement

Allotment Letter/Builder Agreement

Allotment Letter/Builder Agreement


Approved Building Plan/Layout

Approved Building Plan/Layout

Approved Building Plan/Layout


NOC from Builder/Society

NOC from Builder/Society

NOC from Builder/Society





6. Additional Documents

Power of Attorney (if applicable)

Power of Attorney (if applicable)

Power of Attorney (if applicable)


Any other relevant documents

Any other relevant documents

Any other relevant documents

Remember, these documents may vary slightly depending on the specific requirements of your lender and the type of property you're purchasing. It's always a good idea to check with your lender or a financial advisor for the most accurate information regarding document requirements for your home loan application.

By ensuring you have all the necessary documents ready, you'll be better prepared to navigate the home buying process smoothly and efficiently. Happy house hunting!

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