{"id":1176,"date":"2022-10-28T11:05:09","date_gmt":"2022-10-28T11:05:09","guid":{"rendered":"https:\/\/acerealty.co.in\/blog\/?p=1176"},"modified":"2023-12-06T08:33:29","modified_gmt":"2023-12-06T08:33:29","slug":"documents-required-for-home-loans","status":"publish","type":"post","link":"https:\/\/www.acerealty.co.in\/blog\/documents-required-for-home-loans\/","title":{"rendered":"Documents Required For Home Loans"},"content":{"rendered":"<p><strong>Document Checklist For Home Loan Approval<\/strong><\/p>\n<p>When it comes to buying a home, an important criterion is getting a home loan. This process is crucial as it not only supports you in purchasing a home but also gives the buyers confidence in your ability to make a purchase.<\/p>\n<p>When considering the <a class=\"blog-link\" href=\"https:\/\/www.acerealty.co.in\/ace-ambience-2bhk-flats-mulund.html\">luxury 2 BHK in Mulund<\/a>, it is best to get your home loan approval forms ready before you decide to make a purchase. However, as a home loan is often a substantial amount, banks only approve it after processing several documents. Here, we bring you the document checklist to ensure all your documents are in order to secure the perfect <a class=\"blog-link\" href=\"https:\/\/www.acerealty.co.in\/ace-courtyard-1bhk-flats-thane.html\">residential property in Thane<\/a>.<\/p>\n<h4>Documents needed for a home loan <\/h4>\n<p><strong>Documents Required for Salaried and Self-Employed Applicants<\/strong><\/p>\n<p>1. Completed and signed home loan application form<\/p>\n<p>2. Proof of Identity: (Any)<\/p>\n<ul>\n<li>PAN Card<\/li>\n<li>Passport<\/li>\n<li>Aadhaar Card<\/li>\n<li>Voter\u2019s ID Card<\/li>\n<li>Driving License<\/li>\n<\/ul>\n<p>3. Proof of Age: (Any one)<\/p>\n<ul>\n<li>Aadhaar Card<\/li>\n<li>PAN Card<\/li>\n<li>Passport<\/li>\n<li>Birth Certificate<\/li>\n<li>10th Class Marksheet<\/li>\n<li>Bank Passbook<\/li>\n<li>Driving License<\/li>\n<\/ul>\n<p>4. Proof of Residence: (Any one)<\/p>\n<ul>\n<li>Bank Passbook<\/li>\n<li>Voter\u2019s ID<\/li>\n<li>Ration Card<\/li>\n<li>Passport<\/li>\n<li>Utility bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill)<\/li>\n<li>LIC Policy Receipt<\/li>\n<li>Letter from a recognized public authority verifying the customer\u2019s address<\/li>\n<\/ul>\n<p>5. Proof of Income (Salaried employees)<\/p>\n<ul>\n<li>Form 16<\/li>\n<li>Certified letter from the employer<\/li>\n<li>Payslip of last 3 months<\/li>\n<li>Increment or Promotion letter<\/li>\n<li>IT returns of past 3 years<\/li>\n<\/ul>\n<p>6. Proof of Income (Self-Employed)<\/p>\n<ul>\n<li>Income Tax Returns (ITR) of last 3 years<\/li>\n<li>Balance Sheet and Profit &#038; Loss Account Statement of the Company\/Firm (duly attested by a C.A.)<\/li>\n<li>Business License Details (or any other equivalent document)<\/li>\n<li>The license of Professional Practice (For Doctors, Consultants, etc.)<\/li>\n<li>Registration Certificate of Establishment (For Shops, Factories &#038; Other Establishments)<\/li>\n<li>Proof of Business Address<\/li>\n<\/ul>\n<p>7. Property documents<\/p>\n<ul>\n<li>Receipts of payments made to the developer (in case of a new house)<\/li>\n<li>Allotment Letter \/ Buyer Agreement<\/li>\n<li>Title Deeds including the chain of previous property documents (in case of house resale)<\/li>\n<li>A copy of the sale agreement (if already executed)<\/li>\n<li>Receipt of initial payment made to the house seller<\/li>\n<li>Title Deeds of the plot (in case of house construction)<\/li>\n<li>A detailed estimate of house construction by an Architect \/ Civil Engineer<\/li>\n<li>A copy of the plans, approved by the Local Authorities<\/li>\n<li>Proof of no encumbrances on the property<\/li>\n<\/ul>\n<p>8. Other documents<\/p>\n<ul>\n<li>Passport-size photographs of all the applicants \/ co-applicants (to be affixed on the application form and signed across)<\/li>\n<li>Proof of own contribution<\/li>\n<li>Last 6 months\u2019 bank statements showing the repayment of ongoing loans (if any)<\/li>\n<li>The details of ongoing loans (such as the outstanding amount, monthly instalments, purpose, remaining loan tenure, etc.) in the name of an individual or business entity (if any)<\/li>\n<li>A cheque for processing fee favouring the home loan provider<\/li>\n<\/ul>\n<p>Note: some banks or financial institutions may require additional documents which can be known from their customer centre. <\/p>\n<h4>Conclusion <\/h4>\n<p>A home loan helps support an important asset, whether it is to live in or trade as an investment later on.  A home loan helps you purchase <a class=\"blog-link\" href=\"https:\/\/www.acerealty.co.in\/ace-anthurium-1-2-3bhk-flats-ghodbundar-road.html\">affordable flats in Thane<\/a> at any stage in your life and start turning your dream into reality. Further, it also offers buyers significant tax-saving benefits of up to INR 5 lakhs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Document Checklist For Home Loan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/posts\/1176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/comments?post=1176"}],"version-history":[{"count":8,"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/posts\/1176\/revisions"}],"predecessor-version":[{"id":1545,"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/posts\/1176\/revisions\/1545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/media\/1192"}],"wp:attachment":[{"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/media?parent=1176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/categories?post=1176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.acerealty.co.in\/blog\/wp-json\/wp\/v2\/tags?post=1176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}