Home Loan Documents List 2022 | KYC Documents List Latest

Home Loan Documents List 2022 | KYC Documents List Latest – The documents required to apply for a home loan are more or less the same across all banks and housing finance companies (HFCs). However, the required home loan documents may vary depending on the type of your home loan, type of property, personal credit profile, etc. Here is a list of the major home loan documents that you will need to submit at the time of loan application. Home loan is a specified amount of money that you borrow from a financial institution such as a bank or a leading company. You pay a certain EMI on a monthly basis to pay off the loan.

Home Loan Documents List 2022 | KYC Documents List Latest

The below list of documents required for home loan, Home Loan Documents List. SBI Home Loan Documents List

• Loan application form.
• 3 photographs passport sized.
• Identify proof
• Residence proof
• Bank Account Statement/Passbook for last 6 months.
• Signature verification by bankers of the applicant.
• Liabilities statement and Personal Assets.
• Property detailed documents
• Salary Certificate (original) from employer. (salaried individuals)
• Form 16/IT Returns for the past 2 financial years. (salaried individuals)
• IT Returns/Assessment Orders copies of the last 3 years. (self – employed professionals)
• Challan as proof of Advance Income Tax payment. (self – employed professionals)
• Proof of business address for non-salaried individuals. (self – employed professionals)
• IT returns/Assessment Orders copies of the last 3 years. (Self – Employed Businessmen)
• Challan as proof of Advance Income Tax payment. (Self – Employed Businessmen)

For NRI Applicants : 

• Document establishing KYC.
• Salary Certificate from employer stating in English the name (as per passport), designation, passport number, date of joining, latest salary.
• Last 3 to 6 months’ salary slips reflecting variable components like incentives, overtime, etc.
• Latest IT Returns (for applicants filing IT returns in the country).
• For Self Employed NRIs, business documents like Trade License, Sponsor Agreement, Power of Attorney, etc.
• Copy of Passport showing the page of residence visa.
• Proof of employment by the Government of the residing country like work permit, labour contract, etc.
• Documents related to the Property with cost estimates from an Indian Architect or Engineer.
• For Salaried NRIs, income documents attested by embassy official required if there’s no documented evidence for salary credit or fund remittance to India is available.
• Bank statements copies from overseas of the past 6 months.
• Last 6 months’ NRO/NRE bank statement.
• If applicant is unavailable in the country at the time of signing documents, Power of Attorney needs to be produced by the person acting on their behalf.

List of KYC Documents for Home Loan

The KYC Documents List for Home Loan is given below

Photo Id Proof (Any One Required):

• • Passport
  • PAN Card
  • Driving License
  • Voters ID Card

Residence Proof (Any One Required):

• • Electricity Bill
  • Ration Card
  • Telephone Bill
  • Employment Letter
  • Passbook or Bank Statement with address

Proof of Age:

• • PAN card
  • Passport
  • Birth certificate
  • Driving license
  • Bank passbook
  • Marksheet from 10th class

Proof of Income for Salaried:

• Form 16
• Certified letter from Employer
• Payslip of last 2 months
• Increment or Promotion letter
• IT returns of past 3 years

Proof of Residence: (Any one of the below)

• Bank Passbook
• Voter’s ID
• Ration Card
• Passport
• Utility bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill)
• LIC Policy Receipt
• Letter from a recognized public authority verifying the customer’s address

Proof of Income for Self Employed:

• Income Tax Returns (ITR) of last 3 years
• Balance Sheet and Profit & Loss Account Statement of the Company/Firm (duly attested by a C.A.)
• Business License Details (or any other equivalent document)
• The license of Professional Practice (For Doctors, Consultants, etc.)
• Registration Certificate of Establishment (For Shops, Factories & Other Establishments)
• Proof of Business Address

Documents Required for Home Loan Balance Transfer

• KYC Documents: Aadhaar Card, PAN card and Proof of Residence (Utility Bills, Ration Card, Passport, etc.)
• Proof of Income: Salary slips and Form 16 (for salaried), previous years’ ITR along with necessary financials (for salaried, self-employed and professionals) and last 6 months’ bank statements
• Additional Documents: Latest principal outstanding letter, list of documents from existing financier and repayment track record