Home loan

Documents

Proof of Identity: Passport/Aadhaar Card/Driving License/Voter ID/GOI issued Photo ID/Govt Employee ID

Address: Aadhaar Card/Driving License/Voter ID/GOI Issued Photo ID/Govt Employee ID/Electricity Bill/Gas Bill/Telephone Bill (Land line)/Property Tax Receipt

Date of Birth Proof: Passport/PAN Card/Aadhaar Card/Driving License/Birth Certificate/SSC Marksheet

Proof of Income Salaried:

• 3 months pay slip
• 6 months pay slip/2 yrs bonus proof (in case of variable pay)
• 6 months bank statement showing salary credits
• 2 yrs Form 16 (or employment continuity proof)

Proof of Income Self Employed:

• 2 yrs ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
• For Asha HL - 1 yr ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
• Tax Audit Report (If Gross Turnover Exceeds Rs 1 Cr or Gross Receipts Exceeds 25 Lac)
• 6 months bank statements of personal and business accounts
• If ITR is filed without digital sign - CPC and tax paid challan
• Business continuity proof (3 yrs for HL / 5 yrs for LAP)

Loan Agreement

Insurance Details of property

Balance processing fee cheque

Property Documents

Sanction Letter

Eligibility

• Government or reputed company working professionals
• Your age is above 21 and below 60.
• If you are filing income tax returns, you are eligible to apply for a home loan.
• If you are Professionals (i.e., doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretaries, and management consultants only) meet the ICICI Bank Home Loan eligibility criteria.

Documents

KYC

• Two passport-size photos.

• Identity / Address Proof: Passport / Voters ID / Driving License/ PAN Card / Aadhaar Card
• Age Proof: Passport / Birth Certificate / Driving License / SSLC or AISSE Certificate
• NRI customers: Certified copy of Passport, Visa, Work Permit, ID card.
• Income Documents - For Resident Salaried
• Latest Salary Certificate / Salary Slip (3 months)
• Copies of IT returns (2 years) or Form No.16 (2 years)
• Latest 6 month's Bank Account statement evidencing the salary credits
• Income Documents - For Resident Self Employed
• Proof of Business existence & Business Profile
• Last 12 months bank a/c statements
• IT returns for 2 years supported by Balance Sheet, P&L Account for the past two years.

Property Documents

For purchase of approved Flats under construction

• Agreement for Sale & construction

• Allotment letter / NOC from Builder to mortgage the flat

• Tripartite Agreement( to be obtained before disbursal of the loan

For purchase of unapproved Flats under construction

• Agreement for Sale and Construction
• Allotment letter / NOC from Builder to mortgage the flat
• Title Deed
• Prior Deed (in cases where the Title Deed does not contain recitals explaining derivation for the past 30 Years)
• EC for 13 years (minimum)
• Possession certificate
• Location Sketch
• Land Tax receipt (latest)
• Tripartite Agreement (to be obtained before disbursal of the loan)
• Approval or permission from civic authorities
• Approved Plan and building permit
• NOC from Environmental Department
• NOC from the Pollution Control Board
• Fire and Safety Clearance
• NOC from the aviation department (if applicable)
• NOC From Navy - Army (if applicable)
• Certificate from Coastal Zone Management Authority (if near seas, bays, estuaries, creeks, rivers, backwaters, etc.)

For acquisition of land and subsequent construction of a house on that land

• Agreement for Sale of Land
• Title deed
• Prior Deed (in cases where the Title Deed does not contain recitals explaining derivation for the past 30 Years)
• EC for 13 years (minimum)
• Possession Certificate
• Location sketch
• The latest land tax receipt
• Tentative plan and estimate for construction

For acquisition of approved Ready Built Flats

• Agreement for Sale & construction
• Allotment letter / NOC from Builder to mortgage the flat
• For acquisition of Ready built House
• Agreement for Sale
• Approved plan
• Title Deed
• Prior Deed (in cases where the Title Deed does not contain recitals explaining derivation for the past 30 Years)
• EC for 13 years (minimum)
• Possession certificate
• Location Sketch
• Land & Building Tax receipt (latest)
• For the construction of a house on the already owned land
• Approved plan and estimate for construction
• Building Permit / NOC for construction
• Title Deed
• Prior Deed (in cases where the Title Deed does not contain recitals explaining derivation for the past 30 Years)
• EC for 13 years (minimum)
• Possession certificate
• Location Sketch
• Land Tax receipt (latest)
• For repair, renovation, remodeling, an extension of the house, flat, and villa
• The approved plan, and estimate of the project
• NOC for construction in the case of extension
• Title Deed
• Prior Deed (in cases where the Title Deed does not contain recitals explaining derivation for the past 30 Years)
• EC for 13 years (minimum)
• Possession certificate
• Location Sketch
• Land & Building Tax receipt (latest)

Eligibility

• NRI: Salaried people/self-employed/business persons
• Persons of Indian Origin (PIO):
• The loan is covered by primary / collateral security of immovable property in India in the name of PIO.
• The PIO should hold a valid PIO Card accompanied by a valid foreign passport.
• A close relative (as defined in Companies Act) residing in India should join as co-obligant to the loan.
• Age of the borrower should not exceed 55 years at the end of loan tenure.
• Monthly income should be not smaller than Rs. 50000/-.

Documents

Proof of both Identity and Residence (KYC)

• Passport
• Driving license
• Election /Voters identification card
• Job card issued by NREGA duly signed by the officer of the State Government
• Letter issued by the National Population Register containing details of name, and address.
• Aadhaar Card

Proof of income

• Last three-month salary slip
• Last six-month bank statement, showing salary credits
• The latest Form-16 and IT returns

Property related documents

For New Homes:

• Copy of the Allotment Letter / Buyer Agreement
• Receipt/(s) of payment/(s) made to the developer

For Resale Homes:

• Title seeds including the previous chain of the property documents
• Receipt/(s) of initial payment/(s) made to the seller
• Copy of the agreement to sell (if already executed)

For Construction:

• Title Deeds of the Plot
• Proof of no encumbrances on the property
• Copy of the plans, approved by the Local Authorities
• Construction estimate by an Architect / Civil engineer

Other Documents for Home Loan

• Own Contribution Proof
• Employment Contract / Appointment Letter in case current employment is less than a year old
• The last 6 month's Bank Statements show repayment of any ongoing loans
• Passport size photograph of all the applicants / co-applicants to be affixed on the Application form and signed across.
• The cheque for the processing fee favoring HDFC Ltd.

Eligibility

• AGE: 21-65 years
• PROFESSION: Salaried / Self Employed
• NATIONALITY: Resident Indian
• GENDER: All Genders

Documents

Salaried

• Application form with photograph duly signed
• Identity, residence, and age proof
• Last six months' bank statements
• Last three months' Salary-slips
• Processing fee cheque
• Form 16/ Income Tax Returns

Self-Employed Professional / Non-Professional

• Application form with photograph duly signed
• Identity, residence, and age proof
• Last six months' bank statements
• Last three months' Salary-slips
• Processing fee cheque
• Form 16/ Income Tax Returns
• Proof of business existence
• Business Profile
• Education qualification certificate and proof of business existence
• Last three years' Income Tax Returns with computation of Income
• Last three years CA Certified/ Audited Balance Sheet and Profit & Loss Account

Eligibility

• Government or reputed company working professionals
• Age: 21 - 60
• If you are filing income tax returns, you are eligible to apply for a home loan.
• If you are Professionals (doctor, engineer, dentist, architect, chartered accountant, cost accountant, company secretary, and management consultant only) meet the ICICI Bank Home Loan eligibility criteria.

Documents

For the loan approval process, you must submit the below-mentioned documents.

• Identity Proof
• Income Proof
• Age Proof: PAN card, Voter ID, Aadhaar Card, Passport, Driving License
• Address Proof: Aadhaar Card, Passport, Voter ID, Driving License
• Banking information
• Relationship Proof
• Proof of educational qualification

Eligibility

For the loan approval process, you must submit the below-mentioned documents.

Salaried

• Age: 18-60 years
• Minimum Income : Residents of Delhi, Chennai, Bangalore, Mumbai, and Pune: Rs. 20,000/month
• Other cities: Rs. 15,000
• Minimum Qualification: Bachelor's Degree

Self-Employed

• Age: 18-60 years
• Minimum Income : Residents of Delhi, Chennai, Bangalore, Mumbai, and Pune: Rs.240000/- p.a.
• Other cities: Rs.180000/- p.a.
• Minimum Qualification: NA

Documents

Proof of Income Self Employed:

• 2 yrs ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
• For Asha HL - 1 yr ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
• Tax Audit Report (If Gross Turnover Exceeds Rs 1 Cr or Gross Receipts Exceeds 25 Lac)
• 6 months bank statements of personal and business accounts
• If ITR is filed without digital sign - CPC and tax paid challan
• Business continuity proof (3 yrs for HL / 5 yrs for LAP)

Loan Agreement

• Insurance Details of property
• Balance processing fee cheque
• Property Documents
• Sanction Letter

• Three months pay slips
• One year salar credit statement
• Form 16 for two years
• Company ID card
• Pan Aadhar Card
• Latest Photo
• Property Details

Eligibility

• Last two year's income average to be considered for Home Loan up to 70 % FOIR* - Self-Employed
• Last year income to be considered for LAP up to 75% FOIR* - Self-Employed
• Additional Rental income to be considered (if shown in Financial)*
• Salaried – Average of Last 6 months net salary up to 75% FOIR* (HL & LAP)
• OD – Latest year's Net annual Income * 3 times will be the loan amount.

Banking Surrogate:

• Maximum 3 Accounts to be considered
• ABB is to be 2.50 times
• Daily (30/31 Days) average of last 18 months
• Last two year's financial statements
• Financial income Eligibility of 50 % to 75 % to be met