List of Documents Required for Home Loan in India

Documents Required for Home Loans for various profiles

Proof type	Document	Salaried Individuals (Individual or Joint)	Self Employed Professionals (SEP) (Individual or Joint)	Self Employed Non- Professional (SENP) / Co. / HUF/ Partnership Firm / LLP	Non-Resident Indians (NRI’s)* (Individual or Joint)
Bank Statements/ passbook copy	Bank statement/pass book copy (Last 6 months bank statements from domestic(*FCNR/NRNR) & salary/active international account. For SENP, last 12 months bank statement will be needed)	✔	✔	✔	✔
Age proof	Passport	✔	✔	✔	✔
	Driving license	✔	✔	✔	✗
	School leaving certificate	✔	✔	✔
	Birth certificate	✔	✔	✔
	Voters identity card	✔	✔	✔
	PAN card	✔	✔	✔
Income Proof	Last 3 month's salary slips	✔	✗	✗	✗
	Form 16 of latest 1 assessment year	✔	✗	✗	✗
	Latest 3 years income tax returns, personal and business along with computation of income.	✗	✔	✔	✗
	Latest 3 years profit and loss accounts and balance sheet with schedules duly certified by a chartered accountant.	✗	✔	✔	✗
Business/Service/Profession Proof	Professional experience / Business or Partnership existence proof	✔	✔	✔	✔
Repayment Proof	Repayment track record (RTR)/Proof wherever Applicable	✔	✔	✔	✔
Property Proof	All Property documents	✔	✔	✔	✔
Other Proof	Degree certificate	✗	✔	✗	✗
Other Proof	Registration Proof with Tax authorities as applicable to type of Business	✗	✗	✔	✗

Checking the eligibility for your Home Loan and the EMI that you have to pay is now easier. You can do so by using the Kotak Home Loan EMI Calculator. You only need to know your Kotak Home Loan’s interest rates and the processing fees and charges you paid for it.

Common Mistakes in Home Loan Documentation (And How to Avoid Them)

Applying without checking eligibility

Many applicants overlook various eligibility criteria like income, credit score, and existing financial liabilities before applying. These lead to rejection or further delays in your loan application.

To avoid such disappointments, you can check your eligibility with a Home Loan Eligibility Calculator to take informed decisions and improve your loan application.

Not Reading Terms and Conditions

Terms and Conditions occupy the smallest space when you go through different features of Home Loans. However, it is the most important list that you must read first. There could be additional charges related to your loan or balance transfer that you don’t know about. Go through the fine print to avoid any problems in the future.

Incomplete Documents

When you submit incomplete documents while applying for your loan, the chances of your loan approval decrease. If you leave some fields blank in the application or don’t provide certain documents like forgetting to include annexures in your ITR are some of the common mistakes you must avoid. To be thorough with the list, you can contact our executive for better clarity.

Mismatched Signatures

A uniform signature across all official documents and applications is preferred in such cases. If there is a mismatch of signature in your documents (like PAN card or Passport) and application form, then it might lead to rejection.

Make sure that you use a consistent signature across documents to avoid confusion and rejections. If your sign has changed over time, then you must update it for all your documents before applying.

Not Attesting Required Documents

Some documents in the loan application require notarization or CA certification (like balance sheets) and if you submit it without proper attestation, the bank may reject your application. Always check the document list and note which of them needs notarization, self-attestation, or CA certification before applying.

Incorrect Property Documentation

Without proper property documents, loan applications are likely to be rejected. If your documents don’t have a proper sale deed, occupancy certificate or certain builder approvals then you will land in trouble with your application. Hence, it is important to be mindful of it.

Not Updating KYC Details

Make sure that you have updated your KYC information with the bank to avoid any delays with the loan processing. Having up-to-date information eases your process of loan approval.