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Checklist of documents required for loans


A borrower needs to provide certain set of documents to help the lender (be it a Bank or a NBFC) to know and understand the financial stability of the borrower and analyse the credit risk. Along with that the lender can better know and verify all the details about the applicant such as their age, income, address, employer and employment. It is on the basis of this a lender decides whether or not to lend to the applicant.

For Home Loan:

Checklist of Documents required for Home Loan

  1. The Completed Loan Application

  2. Proof of Identification:

  • Driving license
  • Ration card
  • Passport
  • PAN card
  • Voter’s ID card
  • Employee ID
  • Bank passbook
  1. Proof of Age:

  • PAN card
  • Birth certificate
  • 10th class mark sheet
  • Bank passbook
  • Passport
  • Driving license
  1. Address Proof:

  • Bank passbook or Bank account statement
  • Voter’s ID
  • Ration card
  • Passport
  • Utility bill (telephone/electricity/water/gas) of past 2 months
  • LIC policy/ receipt
  • Recognized public authority letter verifying the customer’s residence address
  1. Income Documents :-

Salaried individuals (any one):

  • Form 16
  • Certified letter from Employer
  • Pay slip (Last 2 months)
  • Increment or Promotion letter
  • IT returns (for 3 years)
  • Apart from the proof of income of the salaried individual, he would also have to furnish any other investment proofs as fixed deposits or share
  • Passport-size photographs.

Self Employed professionals (any one)-

  • Last 3 years Income tax returns along with CA attested income details with computation.
  • Last 2 years Balance Sheet and Profit & Loss account of the firm, attested by a Chartered Accountant

Along with these, a self-employed individual will also have to submit:

  • A brief detail of his profession or business
  • Passport size photograph
  • Photocopy of the Registration Certificate of establishment under Shops and Establishments Act/Factories Act
  • Photocopy of the Registration Certificate for deduction of Profession Tax
  • Proofs of investments
  • Certificate of Practice
  • Receipts of advance tax payments (if any)
  1. Property Documents :-

  • Sale deed or agreement of sale with the builder (original copy)
  • Receipts of Land and building tax, location sketch of location of the property certified by the revenue authorities, possession certificate
  • Allotment Letter by the Housing Board, Society or Builder
  • Original receipts advance payments for purchase of flat
  • Approved copy of the building plan
  • Original receipt of land tax and possession certificate issued by the revenue authority
  • Original No objection certificate from the housing society or builder
  • Detailed estimate of construction of house
  • For Remittance of installments, Letter from the builder, society or housing board, with their account number and name of their bankers.

For Personal Loan:

Duly filled Application Form.

For Salaried Individuals-

  • Valid Proof of Applicant’s Identity (any one)-

Voter ID / PAN Card / Driving License

  • Proof of Residence (any one)-

Ration Card / Utility Bill

  • Proof of Age (any one)-

Voter ID / PAN Card / Driving License

  • Income Proof-

Recent 3 month’s Salary Slips and Form 16.

  • Job Continuity Proof-

Current Employment Certificate or Current Job Appointment letter with Experience Certificate.

  • Bank Statement of Last 6 months.
  • Passport sized Photograph.
  • Submit Payment Track Record and sanction letter if there is an existing loan.

For Self Employed Professionals –

  • Valid Proof of Applicant’s Identity (any one): Voter ID Card / Passport / PAN Card / Driving License
  • Proof of Residence (any one): Ration Card / Passport / Utility Bill
  • Proof of Age (any one): Voter ID Card / Passport / PAN Card / Driving License
  • Office Address Proof: Property Document / Utility Bill / Maintainence Bill
  • Office Ownership Proof: Property Documents / Electricity Bill / Maintainence Bill
  • Business Existence Proof: 3 years Salary Statement / Shop Establishment
  • Income Proof: Recent 2 years Income Tax Returns with Computation.


The following documents are required for Business Loan:

  1. PAN Card – For Company/Firm/Individual
  2. A copy of any one document as identity proof:

Aadhar Card / Voter’s ID Card / PAN Card / Driving License / Passport

  1. A copy of any one document as address proof:

Adhar Card / Voter’s ID Card / Driving License / Passport

Bank statement of last 6 months

  1. Latest ITR with computation of income, Balance Sheet and Profit & Loss account for the last 2 years Certified by CA.
  2. Proof of continuation (ITR / Trade license /Sales Tax Certificate)

Other Compulsory Documents: Certified Copy of Partnership Deed, Director Certified true copy of Memorandum & Articles of Association & Original copy of Board resolution


Credit Score    Home Loan    Loan Against Property    balance-transfer    Business Loan    Personal Loan



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