Home loans have made it extremely convenient for individuals to purchase their dream home. However, getting a home loan approved requires you to submit a few essential documents. These documents act as proof of your income, savings, and creditworthiness. This article will provide information on the minimum documents required for a home loan.

The primary documents required for a home loan include:

1. Income proof: This includes your salary slip, bank statements, and income tax returns (ITR) for the past three years. These documents show your earning capacity and repayment capability.

2. Identity proof: This includes your Aadhar card, PAN card, passport, or driving license. These documents are essential to verify your identity and limit fraud risk.

3. Residence proof: This includes your electricity bill, telephone bill, or ration card. This helps to establish your residential address and verify your identity.

4. Bank statements: This includes your bank transactions for the last six months. These documents display your financial stability to repay the loan.

In addition to these primary documents, some additional home loan documents may be required, depending on the property and the lender’s requirements. These include:

1. Property documents: You need to submit the property’s original documents, including the sale deed, building plan, and land records for the lender’s verification.

2. NOC from the society: If you are purchasing an apartment, you need to submit a no-objection certificate from the society.

3. Employer verification: Your employer’s NOC and an undertaking confirming the duration of your employment, salary, and designation may be required.

In conclusion, these documents are essential to getting your home loan approved. Ensure that you have all these documents in place before applying to avoid any delay or cancellation in the loan approval process.