Document Checklist For Home Loan Approval

When it comes to buying a home, an important criterion is getting a home loan. This process is crucial as it not only supports you in purchasing a home but also gives the buyers confidence in your ability to make a purchase.

When considering the luxury 2 BHK in Mulund, it is best to get your home loan approval forms ready before you decide to make a purchase. However, as a home loan is often a substantial amount, banks only approve it after processing several documents. Here, we bring you the document checklist to ensure all your documents are in order to secure the perfect residential property in Thane.

Documents needed for a home loan

Documents Required for Salaried and Self-Employed Applicants

1. Completed and signed home loan application form

2. Proof of Identity: (Any)

  • PAN Card
  • Passport
  • Aadhaar Card
  • Voter’s ID Card
  • Driving License

3. Proof of Age: (Any one)

  • Aadhaar Card
  • PAN Card
  • Passport
  • Birth Certificate
  • 10th Class Marksheet
  • Bank Passbook
  • Driving License

4. Proof of Residence: (Any one)

  • Bank Passbook
  • Voter’s ID
  • Ration Card
  • Passport
  • Utility bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill)
  • LIC Policy Receipt
  • Letter from a recognized public authority verifying the customer’s address

5. Proof of Income (Salaried employees)

  • Form 16
  • Certified letter from the employer
  • Payslip of last 3 months
  • Increment or Promotion letter
  • IT returns of past 3 years

6. Proof of Income (Self-Employed)

  • Income Tax Returns (ITR) of last 3 years
  • Balance Sheet and Profit & Loss Account Statement of the Company/Firm (duly attested by a C.A.)
  • Business License Details (or any other equivalent document)
  • The license of Professional Practice (For Doctors, Consultants, etc.)
  • Registration Certificate of Establishment (For Shops, Factories & Other Establishments)
  • Proof of Business Address

7. Property documents

  • Receipts of payments made to the developer (in case of a new house)
  • Allotment Letter / Buyer Agreement
  • Title Deeds including the chain of previous property documents (in case of house resale)
  • A copy of the sale agreement (if already executed)
  • Receipt of initial payment made to the house seller
  • Title Deeds of the plot (in case of house construction)
  • A detailed estimate of house construction by an Architect / Civil Engineer
  • A copy of the plans, approved by the Local Authorities
  • Proof of no encumbrances on the property

8. Other documents

  • Passport-size photographs of all the applicants / co-applicants (to be affixed on the application form and signed across)
  • Proof of own contribution
  • Last 6 months’ bank statements showing the repayment of ongoing loans (if any)
  • The details of ongoing loans (such as the outstanding amount, monthly instalments, purpose, remaining loan tenure, etc.) in the name of an individual or business entity (if any)
  • A cheque for processing fee favouring the home loan provider

Note: some banks or financial institutions may require additional documents which can be known from their customer centre.


A home loan helps support an important asset, whether it is to live in or trade as an investment later on. A home loan helps you purchase affordable flats in Thane at any stage in your life and start turning your dream into reality. Further, it also offers buyers significant tax-saving benefits of up to INR 5 lakhs.