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Required documents

ABOUT Housing Loan

Home Loan is a Secured loan offered against the security of a house/property which is funded by the bank's loan, the property could be a personal property or a commercial one. The Home Loan is a loan taken by a borrower from the bank issued against the property/security intended to be bought on the part by the borrower giving the banker a conditional ownership over the property i.e. if the borrower is failed to pay back the loan, the banker can retrieve the lent money by selling the property.


  • Non-Resident Indians (NRIs) holding Indian passport or Persons of Indian origin (PIOs) holding foreign passport, singly or jointly.
  • Must be employed/self-employed or having a business unit and staying abroad. The minimum period of stay for Salaried and Self-Employed varies on the basis of varied banks.
  • Minimum age must be 21 years. Age of the borrower plus repayment period should not be beyond retirement age or 65 years whichever is earlier.

Required Documents

1. Regarding Income:

Salaried Individual:

  • Copy of current appointment letter OR Copy of salary certificate clearly mentioning the date of joining, current salary earned and designation held in the company
  • Copy of previous appointment letters
  • Last 3 months salary slip for fixed salary and last 4 months for variable salary
  • Last 6 months bank statements clearly mentioning salary credits in the account
  • Annual Income Tax Return � filed as per rules applicable in the country where he resides- for last 2 years ;


Self Employed Individuals:

  • Incorporation of business
  • Income Proof - Last 2 years C.A or equivalent certified/audited P&L accounts.
  • Partnership deed (incase of a partnership firm)
  • MOA & AOA of the company (incase of a private ltd. company)
  • Last 6 months bank statements in the company's name
  • Last 6 months bank statements in individual's name
  • Business profile and office address proof


2. Other documents:

  • Approved plan and estimate.
  • Legal Scrutiny Report from Bank's panel advocate along with documents as indicated therein.
  • Valuation Certificate from the approved valuer wherever applicable (in the cases of purchase of ready built house/flat).
  • Copy of the passport and employment certificate / work permit (in the case of NRIs).


Housing Loan can be taken for below mentioned purposes:

  • To purchase/construct house/flat
  • To renovate/extend/repair existing house/flat.
  • To purchase a plot of land for construction of house
  • Take over of home loan from other banks/FIs- subject to conditions .

The quantum of loan sanctioned depends on bank to bank. However, maximum loan amount is restricted to two years' salary / annual income.

However, in all the above cases, higher quantum is considered selectively, subject to certain conditions.

Generally, the margin required to be paid by the application is 20%. However, that depends upon different banks.

The margin is computed on the basic project cost which shall not include expenses incurred towards stamp duty, registration and other documentation charges.

All out-of-pocket expenses like, outsourcing charges, periodical inspection charges, inspection charges, insurance premia etc need to be borne by the borrower.

Resident Indians are eligible for certain tax benefits on both principal and interest components of a loan under the Income Tax Act, 1961. Under the current laws, you are entitled to an income tax rebate for interest repayment up to Rs. 1,50,000 /- per annum. Moreover, you can get added tax benefits under Section 80 C on repayment of principal amount up to Rs. 1,00,000 /- per annum.

  1. Original Sale Deed executed by the Builder in favour of the Purchaser.
  2. If the original sale deed is not returned by the office of the Sub-Registrar, a certified copy of the same may be accepted.(Duly certified by the Sub-Registrar as “True Copy�?).
  3. Original Registration Receipts.
  4. Original Stamp Duty Receipts, if any.
  5. Original receipts issued by the builder in favour of the Purchaser of the Flat.
  6. Certified copy of the approved plan.
  7. Certified copy of the Building commencement certificate.
  8. Title certificate issued by the Solicitor / Panel Advocate.
  9. NOC from the Builder.
  10. Confirmation of the lien from the Builder.
  11. Architect's certificate regarding the stage of construction.
  12. Builder's Demand Notice.
  13. N A Order.
  14. U L C Order.
  15. 7 x 12 extract / Index II Copy / property Register card extract.
  16. Photographs showing the stages of construction.
  1. Deed of conveyance of land (original).
  2. If the conveyance Deed is not returned by the office of the Sub-Registrar- certified true copy of the Deed of Conveyance (certified by Registrar).
  3. Original Receipt issued by Registrar.
  4. Letter of authority acknowledged by Sub-Registrar to collect conveyance deed.
  5. NOC from the Society.
  6. Extract of the Resolution.
  7. Bye laws of the Society.
  8. Payment receipts (original).
  9. Share Certificate (original).
  10. Title Certificate.
  11. Building completion and occupation certificate (in the case of ready built flat).
  12. Photo copy of the N.A Order.
  13. Approved Plan.
  14. 7 x 12 extract / Index II Copy / property Register card extract.
  15. Building Commencement Certificate.
  1. Employment contract.
  2. Latest salary slip for at least past six months.
  3. Latest work permit.
  4. Visa stamped on the passport.
  5. Identity card issued by the employer.
  6. Bio-data covering educational qualification, age etc (proof of age to be supported by school certificate / LIC policy etc.)
  7. NRE SB pass book, for verification (if account maintained with other Banks).
  8. Registered Power of Attorney if any in favour of representatives in India.
  9. Copy of Passport.
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