Required Documents for Mortgage Loan or Loan Against Property(LAP)

If you are looking for a Loan Against Property from a bank in India, you would require the following Loan Against Property Documents to process your Loan Against Property application.

Documents required for Salaried Person

• Photo Identity Proof: Any One from the following;
1. Passport
2. Pan Card
3. Voters ID Card
4. Driving License
5. Aadhar card
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• Residence Address Proof: Any One from the following;
1. Passport
2. Ration Card
3. Electricity bill(up to 3 months old)
4. Telephone bill(up to 3 months old)
5. Voters ID Card
6. Driving License
7. Aadhar card
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• Residence Ownership Proof: Any One from the following;
1. Property Documents
2. Maintenance Bill
3. Electricity Bill(up to 3 months old)
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• Income Proof: Latest 3 months Salary Slips and Form 16/IT return
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• Job Continuity Proof: Any One from the following;
1. Current Employment Certificate
2. Current Job Appointment letter (if it is more than 2 years)
3. Experience Certificate (including your previous job certificate or appointment and relieving letter)
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• Bank Statement: Latest 1 year statement where your salary is getting credited
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• Property Documents: Property documents to be submitted based on the purchase of your dream home.
1. Copy of agreement executed / Sales Deed.
2. Share Certificate.
3. Latest Maintenance Bill.
4. List of documents & sanction letter given by Existing Banker (If Applicable).
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• Advance Processing Cheque required to process loan documents for sanction.
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• Investment Proof (if any): please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.,
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• 1 passport size color photograph
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• IF EXISTING LOANS: If any existing loan, please submit sanction letter, Payment Track Record.
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• IF PROFESSIONAL: Please submit your Professional Degree Certificate.
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Calculate EMI for Mortgage loan

Documents required for Self Employed Business Person

• Photo Identity Proof: Any One from the following;
1. Passport
2. Pan Card
3. Voters ID Card
4. Driving License
5. Aadhar card
• 
  
• Residence Address Proof: Any One from the following;
1. Passport
2. Ration Card
3. Electricity bill(up to 3 months old)
4. Telephone bill(up to 3 months old)
5. Voters ID Card
6. Driving License
7. Aadhar card
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• Residence Ownership Proof: Any One from the following;
1. Property Documents
2. Maintenance Bill
3. Electricity Bill(up to 3 months old)
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• Office Address Proof: Any One from the following;
1. Property Documents (if any)
2. Maintenance Bill (if any)
3. Utility Bill
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• Office Ownership Proof (if any): Any One from the following;
1. Property Documents
2. Maintenance Bill
3. Electricity Bill(up to 3 months old)
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• Business Existence Proof: Any One from the following;
1. 3 years old Saral Copy
2. Shop Establishment Act
3. Any Tax Registration Copy
4. Company Registration license
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• Income Proof: Latest 3 years Income Tax Returns including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
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• Bank Statement: Latest 1 year bank statement both current and savings.
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• Property Documents: Property documents to be submitted based on the purchase of your dream home.
1. Copy of agreement executed / Sales Deed.
2. Share Certificate.
3. Latest Maintenance Bill.
4. List of documents & sanction letter given by Existing Banker (If Applicable).
• 
  
• Advance Processing Cheque required to process loan documents for sanction.
• 
  
• Investment Proof (if any): please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.,
• 
  
• 1 passport size color photograph
• 
  
• IF EXISTING LOANS: If any existing loan, please submit sanction letter, Payment Track Record.
• 
  
• IF PROFESSIONAL: Please submit your Professional Degree Certificate.

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Required Documents for Home Loan

Having one’s own home is no more a dream now, with the help of Home Loan this dream can be easily turned into reality without doing much. We understand your emotions for your home as it is the place where you make best of your memories with your family and near and dear one’s. We also understand the value of your time and the difficulty which you face while the documentation regarding your home loan, hence we try to keep it as minimal as it can be. Though it is a very important part, as this is the only way by which we can know our customer in a better way. The documentation process regarding a home loan is bit complicated when compared to personal loan because of its secured nature. Here you need to give a guarantor and security in form of any of your property paper or anything else, so that we can build a trust on you and can lend you without any risk.

Having a home of your own is no more a dream, it is possible at the finger tip of each us. Get a home loan to build your dream home. Here is the list of few banks document requirements and other details mentioned for applying for a home loan.

Checklist of Documents Required for Home Loan

• Identity Proof: Passport/ Driving License/ Voter ID/ Aadhar card/ PAN Card
• Address Proof: Driving License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old)/Passport/Telephone bill/ Voter ID/ Aadhar card
• Employment Appointment Letter: Required if the current employment is less than 1-year- old
• Financial Documents:
  o 3 month salary slip
  o 6 month bank statement
  o 2 year Form 16 or IT return

Calculate EMI for Home loan

List of Common Documents

• Complete Home Loan Application Form with one passport size photograph.
• Photo Identity Proof: Passport/ Driving License/ Voter ID/ Aadhar card/ PAN Card
• Residence Address Proof: Driving License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old)/Passport/Telephone bill/ Voter ID/ Aadhar card
• 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.
• Financial Documents:
  a. For Salaried Individual: 3 month salary slip, Form 16 and bank statement
  b. 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
  c. 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
• Address Proof: Driving License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old)/Passport/Telephone bill/ Voter ID/ Aadhar card
• Identity Proof: Passport/ Driving License/ Voter ID/ Aadhar card/ PAN Card
• Income Proof: 3 month payslips, 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

• Identity Proof: Passport/ Driving License/ Voter ID/ Aadhar card/ PAN Card
• Address Proof: Driving License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old)/Passport/Telephone bill/ Voter ID/ Aadhar card
• 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

• 1 passport size color photograph
• Photo Identity Proof: Passport/ Driving License/ Voter ID/ Aadhar card/ PAN Card
• Residence Address Proof: Driving License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old)/Passport/Telephone bill/ Voter ID/ Aadhar card
• Age Proof: Pan Card or Passport
• Income Proof: Pension Returns Or Bank Statement

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List of Indian & Overseas Address proof (for NRE/NRO also)

All KYC Documents provided need to be self attested

Please refer table below for acceptable address proofs

Proofs to be submitted in the name of the Primary Applicant. No address proof will be accepted in the name of a Joint Applicant. Address proof is mandatory for both overseas and Indian addresses.

Read Also - Saving Bank Accounts for NRIs-Difference between NRE & NRO Acs-Required Documents

In case your address proof and visa is not in English, please provide a duly notarized translated copy in English.

Valid Proof (Any one)	Criteria of Validity	For India Address Proof	For Overseas Address Proof
1) Passport copy	Valid for at least 3 months from the day it is submitted as address proof.	yes	yes
2) Utility bills (any one from the list below) (a) Electricity bill (b) Gas bill (c) Water bill (d) Landline telephone bill (e) sewage services bill	Issued by a municipal authority  The date of issue of any of these utility bills should be more than three months old from the date of account opening	yes	yes

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Documents to open Current Account in Bank

Current Account for Individuals (business purpose)

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• One Identity proof from: PAN Card, Passport, Voter Identity Card, Driving License, Adhaar Card. View complete list of documents
• One Address proof from: PAN Card, Passport, Voter Identity Card, Driving License, Adhaar Card. View complete list of documents
• Recent Colour Photograph
• PAN/Form 49 A along with Form 60 if applied for PAN
• Account opening Cheque from existing Savings/Individual Current Account

Sole Proprietorship Firm

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• First & Second entity proof from: Trade license, APMC/ Mandi license or TAN registration certificate. View complete list of documents Please note that both the documents cannot be same.
• Apart from the above list, second entity proof can also be: Latest copy of Electricity Bill or registration of firm with EPFO/ ESIC View complete list of documents
• Address proof in the name of proprietor or proprietorship firm (if communication address is different or other than address mentioned on entity proofs)
• Proprietorship Letter as per the bank’s format
• Identity proof of proprietor View complete list of documents
• Account opening cheque from existing account of proprietorship firm or from savings / individual current account of proprietor (in case of a new firm)
• Residence address proof of the proprietor (if account opening cheque is collected from proprietor's savings / Individual current account)
• PAN Card in the name of the Proprietor or Form 49 A along with Form 60 (if applied for PAN)
• No objection certificate (if proprietorship firm is enjoying credit facility from any other bank (s))

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Documents to open Saving Account in Bank

For opening a new savings account, you have to submit following documents:

1. Recent Passport Size Photographs

2. Any Form of Identity Proof : Following documents are acceptable as valid Identity Proofs

– Aadhar card

– Passport

– PAN card

– Voter’s identity card

– Driving license

– Any form of identity card (College ID card, employee identify card etc)

– Letter from a recognized public authority or public servant to verify the identity

3. Proof of Address : Following documents are acceptable as valid address proofs

– Telephone Bill (BSNL or MTNL bill. Some banks may not accept private operators bills)

– Letter from a recognized public authority or public servant verifying the residence of the customer

– Electricity bill

– Ration card

– Letter from employer

Exact documentation will vary between banks

List of Documents

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List of documents for first Entity proof

·         Any certificate issued for registration/operations/Trade License/business by Local/ State/ Central Government/ Government Agency/ SEBI/ IRDA/ ICAI/ ICSI/ ICWAI/ Office of Registrar of Newspapers for India in the name of entity/firm. Eg: Sales Tax, TIN/ VAT/ TAN etc.

·         APMC/ Mandi License/ Certificate

·         Labour License/Certificate

·         Professional Tax Registration Certificate

·         Trade Mark Registration Certificate

·         Liquor License/ Registration Certificate

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List of documents for second entity proof

    Only for sole proprietorship firm

·         * Registration of firm with Employee Provident Fund Organization.

·         * Registration of firm with Employee State Insurance Corporation.

·      * Letter or Certificate (should be on letterhead and not more than 3 month old) confirming existence of business issued by Chairman/ President/ CEO/ Head of the Nagar Panchayat/ Parishad, and not by local councillors/ corporators to be accepted with BM/ BSM/ DBM/ CBM/ RHS site visit report as per Annexure 3 along with bank officials details mentioned on AOF.

·       * Complete Sales tax return in the name of the firm duly acknowledged. Note: The portion of the sales tax return showing the name of the firm should be duly acknowledged by the accepting authority

·        * Last available Income/ Wealth Tax Assessment order in the name of firm.

·        *  Latest copy of Electricity Bill, not more than 3 months old.

·         * Latest copy of Telephone Bill from Telecom operator, not more than 3 months old.

·         * Certificate issued by Municipal Corporation/ Local Self Government Bodies confirming address of the firm.

·         * True copy of gas connection book in the name of entity along with latest gas receipt not more than 3 months old or Gas bill in case of pipe connection.

·       * Water Tax bill paid to Municipal Body/ Corporations, not more than 6 months old along with the Tax receipt should stand in the name of the firm.

·      * Property Tax bill should not be more than calender one year old from the bill issuance date along with Tax receipts for property tax paid to Municipal Body / Corporations. The Tax receipt should stand in the name of the firm.

·     * Certificate of Verification issued under Weight & Measurement Act–This document will not be considered if Registration Certificate issued under the same act has being taken as 1st entity proof document.

Note :

1.     Any entity proofs given as KYC documents for opening current account should be signed & stamped by issuing authority / department.

2.  

    A step towards online registration, whereby many registering authorities across India have started issuing registration certificate / licenses which are issued online and physical copies are not issued to the customer. In such scenarios Online Certificates / Licences will be accepted as entity proofs / address proof of firms. Wherever online certificates / licence are collected as entity / address proof, the customer to provide the copy of downloaded certificate / licence and following process should be followed:-

a.     

        Certificates / Licences should be authenticated by the customer under firm's/entity rubber seal / stamp confirming the ownership of the said document.

b.    

            The bank official (BSM/BM/DBM/CBM) will cross verify the details available on the certificate from the website of the issuing authority and will put the declaration on the photocopy that “Copy of License / Registration Certificate is issued online and the details of License / Registration Certificate is verified from website of the issuing authority“ instead of putting Original seen and verified stamp.

c.     

             Print out of the desktop due diligence conducted by the bank official to be attached with the certificate and the same should be supported by BM / CBM approval on usage of the online registration certificate as an entity proof.

d.    

           Details of the firm available on online issued certificate / license should exactly match with details available on website of the authority.

3.    

      The document must be valid at the time of account opening.

4.     

     Any document bearing exclusive conditional disclaimer for not to be used other than purpose of issuance should not be considered as Entity/Address proof as Table A documents.

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