Best Home Loan Rates in Chennai
Turn your dream car into the home by purchasing. Let realty mortgages help you with low car loan interest rates that are suited to your needs to help you make a better decision. Having a home of your own is no more a dream, it is possible at the fingers tip of each of us. Get a home loan to build your dream home. Here is the list of a few banks’ document requirements and other details mentioned for applying for a home loan.
Documents Required for Home Loan
- Address Proof– License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old), Passport
- License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old), Passport
- Employment Appointment Letter: Required if the current employment is less than 1-year- old
Financial Documents
- 3 month salary slip
- 6 month bank statement
- 2 year Form 16
List of Common Documents
Complete loan application form with one passport size photograph. Photo Identity Proof: Passport/ Driving License/ Voter ID/ PAN Residence Address Proof: License/ Registered Rent Agreement/ Utility Bill Residence Ownership Proof: Sale deed or rental agreement Income Proof: salary slip, bank statement and Form 16 Job Continuity Proof: Appointment letter at employment and validation letter from HR Bank Statement: Past 6 months’ document Property Documents: Sale deed, Katha, transfer of ownership Advance Processing Cheque : A cancelled cheque for validation of bank account Investment Proof: LIC, mutual funds, property document etc.
- Address Proof– License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old), Passport
- License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old), Passport
- Employment Appointment Letter: Required if the current employment is less than 1-year- old
Financial Documents
- For Salaried Individual: 3 month salary slip, Form 16 and bank statement
- For Self-Employed Individual: IT returns for last 2 years along with computation of income tax for past 2 years certified by a Chartered accountant
- For Self-Employed Non- Professionals: IT returns for last 3 years along with computation of income tax for past 2 years certified by a Chartered accountant
Documents Required for Salaried Individual
Loan Form: Bank loan application form to be filled with passport size photographs affixed Residential Address– Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport Identity Proof: Passport/ Driving License/ Voter ID/ PAN
- 3 month pay slip
- Income Proof Documents
- 2 years Form 16
- Copy of Income Tax PAN
- Bank Statement: 6 months bank statement that shows salary from the employer and any EMI paid for outstanding debit
Documents Required for Self Employed– Professionals
- Photo Identity Proof: Passport/ Driving License/ Voter ID/ PAN
- Residence Address Proof: License/ Registered Rent Agreement/ Utility Bill
- Office Address Proof: Property Documents, Utility Bill
- Office Ownership Proof: Property Documents, Utility Bill, Maintenance Bill
- Business Existence Proof: 3 years old Saral Copy, the Company Registration license, Shop Establishment Act Income Proof: Latest 3 years Income Tax Returns including
- Computation of Income, Profit & Loss Account, Audit Report, Balance Sheet, etc.
- Bank Statement: Past 1 year bank statement
- 1 passport size color photograph
Documents Required for Senior Citizens/Pensioners
- Photo Identity Proof: Passport/ Driving License/ Voter ID/ PAN
- Residence Address Proof: License/ Registered Rent Agreement/ Utility Bill
- 1 passport size color photograph
- Age Proof: Pan Card or Passport
- Income Proof: Pension Returns Or Bank Statement
- Home Loan Application Form is the first basic step to start the processing of home loan, post validation of all details in the application form the bank with process the loan and will let you know the next steps to make your dream come true.
Helping you choose from our trusted financial partners:
Helping you choose from our trusted financial partners:
