With an easy process of documentation involved, the dream of owning a house has become even more simpler. Though the documents required for a home loan are more or less uniform among various banks, a few specific requirements may vary from bank to bank, depending on the loan amount, purpose of the loan, tenure etc.
The following are a few factors on which the sanctioned loan amount depends:
Checklist of Documents required for Home Loan::
3. Proof of Age::
4. Address Proof:
5. Income Documents:
Salaried individuals (any one of the following):
Apart from the proof of income of the salaried individual, he would also have to furnish any investment proofs (like fixed deposits, shares, etc) and his passport-size photographs.
Self Employed or businessman (any one of the following):
Apart from these, a self-employed individual also has to submit:
6. Property Documents:
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