What Are The Documents Required For Home Loan?

If you are looking for a home loan, you better be prepared for a lot of paperwork. Your lender might want to look at several documents before approving your application.

It is pretty natural to get confused as a first-time borrower. You might run around to get all your documents in place. Don’t worry. We will give you a complete guide on all the home loan requirements.

Documents Required For Home Loan

Here is the list of documents required for home loan check before approving your house building loan.

  • Photo identity proof
  • Income Tax Returns
  • Payslips or other proof of income
  • Bank statements
  • Assets
  • Credit history

Now, let us look at each of them separately for a better understanding.

1. Photo Identity

You can provide any government photo identity card like a voter card or driving license. Your lender needs it to make sure you are not pretending to be someone else.

2. Income Tax Returns

Your lender might want to see your income tax returns for the past two years. It will give them an idea of whether your income is consistent. They would not like frequent fluctuations in your income.

3. Proof of Income

Apart from your past income trends, your lender will also be interested in your current income. That will help them gauge your repayment capacity. If you are a salaried individual, you can show your payslip. However, if you are self-employed, you need to show some other proof of income.

4. Bank Statements and Other Assets

Every lender would like to assess your risk profile. Your bank statements will tell them if you have enough funds to pay the EMI for a few months. They would also ensure that you have the necessary funds to pay the down payment.

Moreover, the money should not appear in your account all of a sudden. There should be some consistency. The lending institutions will also check your assets like investments and insurance. That helps them to minimize risk. It is because they will be able to understand whether you have the funds to pay off the loan in case of a financial emergency.

5. Credit History

It is the most crucial thing your lender will check. So, you must take care to repay all your previous loans and dues on time. It will boost your credit score and increase your chances of getting a loan. Banks and NBFCs also check your credit score. It is a score calculated by organizations like CIBIL. And it denotes your creditworthiness.


Do not forget to use a home loan tenure calculator before applying for a home loan. It will help you know the best tenure for you. Moreover, you will also be able to calculate your EMI amount.

Final Word

Now that you know all the documents required for a home loan don’t waste further time. Keep all those sheets of paper ready so that your loan doesn’t get delayed.

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