Home Loans · India
Most home loan delays in India have nothing to do with eligibility. They happen because one document is missing, expired, or in the wrong name. Banks process complete files first, so walking in with everything ready can shave weeks off your approval. Here is the full checklist, organised the way loan officers actually ask for it.
Identity and address (everyone)
- PAN card (mandatory for any loan above Rs 50,000)
- Aadhaar card, passport or voter ID for address proof
- Passport-size photographs
Make sure the name matches exactly across documents. A mismatch between ‘S. Kumar’ and ‘Suresh Kumar’ triggers a verification cycle you do not want.
Income proof: salaried applicants
- Last 3 months’ salary slips
- Form 16 or ITR for the last 2 years
- Bank statements for the last 6 months showing salary credits
If you changed jobs recently, carry the appointment letter too. Banks like to see at least 2 years of continuous employment.
Income proof: self-employed applicants
- ITR with computation of income for 2-3 years
- Profit and loss statement and balance sheet, CA-attested
- Business registration or GST certificate
- Current account statements for 12 months
Self-employed files face more scrutiny, so mismatches between declared income and bank inflows are the most common rejection reason.
Property documents
- Sale agreement or allotment letter
- Title deed chain and encumbrance certificate
- Approved building plan and occupancy certificate for ready properties
- NOC from the builder or society
The bank’s legal team verifies the title before sanction, and a clean chain of ownership is non-negotiable. For under-construction flats, RERA registration details speed things up considerably.
One tip that saves weeks
Scan everything into a single, well-named PDF folder before you apply. Most large lenders now accept digital uploads, and a tidy file signals a reliable borrower before anyone reads a single number.
Explore more on CompareLyst:
- Compare home loan rates from 11 Indian lenders (https://loan.comparelyst.com/#/loans/india/home)
- Estimate your EMI before choosing a tenure (https://loan.comparelyst.com/#/home)
Disclaimer: This article is general information, not financial advice. Interest rates and eligibility criteria are indicative and change frequently — always confirm current terms on the lender’s official website before applying.