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home loan

Home Loan Documents

  • Multiple Partner Options
  • Competitive Rates Starting From 7.25%* P.a.
  • Flexible Tenures Up To 30 Years

Banks and NBFCs extend credit facilities to individuals through home loans. A home loan is a secured financing option where the underlying property serves as security against the borrowed amount. To evaluate risk and ensure timely repayment without defaults, participating lenders review the applicant's financial profile, credit history, income stability, and residential verification details.

Most verification parameters are assessed through supporting documents provided during the inquiry process. For example, official government-issued identification documents such as a PAN card, passport, driving license, or voter ID serve as valid identity proofs. Below is the comprehensive checklist of documents required for processing a housing loan inquiry.

Submitting complete documentation as per the lender checklist helps avoid unnecessary delays and streamlines inquiry processing. Clear documentation support ensures a structured review timeline with participating lending institutions.

Home loans have longer tenure range between minimum 2 years to maximum 30 years. Depending upon the individual applicant`s profile and lender, the APR (Annual Percentage Rate) of a home loan may vary from 7.25% - 13.00% annually.
Illustrative Example: If you take a home loan of Rs. 10 lakh at an annual interest rate of 7.25%* for 30 years would have an estimated EMI of Rs. 6,822. The total repayment would be approximately Rs. 24,55,835, including interest of Rs. 14,55,835. Actual rates, tenure and repayment terms depend on lender approval.

Home Loan Documents Checklist

ID Proof

  • Passport, PAN Card, Driving License, Voter ID, or other government-approved ID as permissible by the lender

Financials

  • Last 6 months running bank statements, Form 16 / Income Tax Returns for recent years

Fees

  • Processing fee payment instrument as applicable by the lender policy

Address Proof

  • Utility bill, registered rent agreement, passport, driving license, or other address proof permissible by the lender

Property Docs

  • Sale Deed, agreement copy, occupancy/completion certificate, property tax receipts, or other documents required by the lender

Forms & Photograph

  • Filled and signed home loan application form along with recent passport-size photographs

Work Details - Salaried

  • Company ID card copy
  • Last 3 months salary slips
  • Employment appointment letter

Work Details - Self-Employed

  • Last 3 years Income Tax Returns and past 2 years Profit & Loss statements
  • GST registration or incorporation certificate
  • Articles and Memorandum of Association (MOA/AOA)
An essential parameter evaluated by participating lenders during credit assessment is the applicant's credit score and credit history. Lenders pull credit reports from authorized credit bureaus (such as CIBIL, CRIF Highmark, etc.) to evaluate past repayment tracks, active credit obligations, and financial behavior. A healthy credit score supports favorable eligibility evaluations. If an applicant has no prior credit history, participating lenders review alternative income stability parameters as per their institutional underwriting guidelines.