Documents Required for Housing Loan /Property Loan (LAP)

Here is list of documents that a borrower has to submit for Housing Loan / Property Loan (LAP)

For Salaried Individuals

1. Proof of Residence - Any one of following

• Ration Card

• Telephone Bill

• Electricity Bill

• Voters Card.

2. Proof of Identity - Any one of following

• Voters Card

• Aadhaar Card

• Drivers License

• Employers Card

3. PAN Card

4. Latest Bank Statement / Passbook (where salary / income is credited for past 6 months).

5. Latest 6 Months Salary Slip with all deductions

6. Last 2 years Form 16

7. Last 2 years Income Tax Return along with computation

8. 2 Photos

9. Copies of all Property Documents

10. Statement of Existing Loans along with Sanction Letter

For Self-Employed Individuals and Others 1. Balance Sheet and Profit and Loss Statement for the last 3 years.

2. Proof of Residence - Any one of the following

• RationCard

• Telephone Bill

• Electricity Bill

• Voters Card.

3. Proof of Identity - Any one of the following

• Voters Card

• Aadhaar Card

• Drivers License

• Employers Card

4. Latest Bank Statement / Passbook (where income is credited for past 6 months).

5. PAN Card

6. Income Tax Return along with computation for last 3 years

7. Business License such as GsT , Shop Act License, Trade License etc

8. 2 Photos

9. Copies of all Property Documents.

10. Statement of Existing Loans along with Sanction Letter

11. Constitution Documents

• Proprietorship - Shop Act

• Partnership - Partnership Deed

• Company - MoA and AoA of Association
  

It is important to note that a loan is approved only when document verification is successful. So, to get the approval, a borrower must have all documents.