Documents Required for Home Loan for Salaried Person

"Know the Documents Required for Home Loan for Salaried Person and know how to get a home loan online from My Mudra a top financing company in India."

6 mins read

Published: 18 September 2023

Updated: 21 September 2023

The article will tell you all the documents required for home loan. Get Home Loan Online after fulfilling all the documents required. Get all the documents in hand to avoid delay in the home loan process. You can get an instant home loan online with the help of the correct lender. Choose the right lender and get to know the terms and conditions associated with the home loan.

Buying a home is the dream of many people, but with the rise in property prices, it is becoming more and more difficult to get a home. With a wise plan, one can secure a roof over their head in no time. Taking the help of the top 10 fintech companies in India like My Mudra you can easily get the loan approved and disbursed in your account. Home Loan in India is available at interest rate starting from 8.5% P.A. This is a secured loan that requires collateral or security to be pledged in the bank or NBFCs.

Home Loan Requirements for Salaried Persons

When applying for a home loan as a salaried individual, there are several essential documents you'll need to provide to the lender to facilitate the application process. Firstly, you'll need to submit your proof of identity, typically in the form of a government-issued photo ID such as a passport, Aadhar card, or driver's license. Additionally, proof of address is required, which can be established through documents like your voter ID, utility bills, or rental agreement.

Next, you'll need to furnish your income-related documents, including salary slips for the last few months, Form 16, and your income tax returns for the past few years. Bank statements that reflect your financial transactions and savings history will also be necessary.

To assess your eligibility, lenders will ask for employment-related documents like your appointment letter, employment contract, offer letter, and bank statements illustrating your salary credits. Finally, you'll need to provide property-related documents, such as the sale agreement, property title deeds, and a valuation report. These documents help the lender evaluate the property's value and authenticity.

Documents Required for Home Loan

There are certain mandatory documents that are required to apply home loan. Mentioned below are the home loan documents that a borrower should keep with themselves while applying for a home loan in India.

  • Loan application form ( this can either be filled out online or offline)

  • 3 passport size photographs

  • Identify proof

  • Bank Account Statement/Passbook for the last 6 months.

  • Residence proof

  • Signature verification by lenders of the applicant.

  • Property detailed documents

  • Liabilities Statement and Personal Assets

  • Salary Certificate (original) from the employer. (this requirement is for salaried individuals)

  • Form 16/IT Returns for the past 2 financial years. (salaried individuals)

  • Challans as proof of Advance Income Tax payment. (Self-Employed Professionals)

  • IT Returns/Assessment Orders copies of the last 3 years. (Self-Employed Professionals)

  • Proof of business address for non-salaried individuals. (Self-Employed Professionals)

  • Challans as proof of Advance Income Tax payment. (Self-Employed Businessmen)

  • IT returns/Assessment Orders copies of the last 3 years. (Self-Employed Businessmen)

Documents Required for Home Loan for Salaried Person

Here are the basic documents required for a home loan for a salaried person that you need to submit to get a Home Loan Online or Offline. 

  • PAN Card of the borrower

  • Identity proof of the borrower – this includes passport, voter’s card, driving license, PAN card*, Aadhaar card*, employee ID card

  • Address proof of the borrower – this includes passport, Aadhar card, ration card, property tax, water bill, electricity bill, piped gas bill

  • Income proof – this includes the salary slip for 3 months and forms 16 for the past 1 year (salaried) or financial statements (self-employed)

  • ITR for the past 2 years

  • Bank statements for the past 6 months

  • All the required documents pertaining to the property you wish to purchase

Home Loan Eligibility for Salaried Person

As a salaried person, you are eligible for an instant home loan online if you are working in MNC, government organization, private company, public limited company, listed company, unlisted company, partnership, or proprietorship.

Mentioned below are the eligibility criteria for a salaried person to apply for a Home Loan. 

  • Residence: You must be a resident Indian

  • Salary: Salaried applicants must have a minimum salary of 1,20,000 p.a. Self-employed applicants must meet the required criteria for INR 1,80,000 income p.a.

  • Work Experience: Salaried applicants must have a minimum work experience of at least 1 year with at least 6 months in the current organization.

  • CIBIL Score: You must have a CIBIL score of 700 or higher

*Please note that final eligibility (overall) as well as the maximum home loan amount will depend on various other factors, including SMFG Grihashakti's policy at the time of loan application.

List of Property Documents Required for Home Loan

While applying for the instant home loan online you require certain property documents that shall either be attached online or offline for the approval of home loan. Have a look at the necessary property documents that you require for the home loan approval in India.

  • Deed of Sale or Sale Agreement or Share Certificate (original) in case of a cooperative society.

  • Allotment Letter from Society/Housing Board/Private builder.

  • Receipts for taxes paid for Building and Land, certificate of possession, and certified sketch of the location of property from revenue authorities.

  • Certificate of Non encumbrance encompassing the last 12 years/30 years.

  • Receipts of advance payments for flat purchase.

  • Permission letter from Appropriate Authority.

  • Receipt of land tax payment and certificate of possession issued by revenue authorities.

  • Original No Objection Certificate issued under the ULC Act, 1976.

  • Approved building plan (showing floor plan for flat purchase).

  • Copy of relative order if agricultural land is being converted.

  • No objection certificate (NOC) from Builder/Housing Society.

  • Detailed estimate of construction cost.

  • Applicable for purchase of land plot, a declaration by loan borrower stipulating the date by which to construct a house.

  • Letter from Society/Builder/Housing Board mentioning their bank and account details, for installment remittance.

  • Report from lawyer as per standard format.

  • Report stating the valuation of property in a standard format by an impaneled valuer.

  • Post closure of loan, documents required for handover of original Property documents

  • Power Of Attorney for collecting original documents of Property.

  • In the event of the demise of the loan borrower:

    1. Letter requesting handing over of Property documents from Legal Heir/Nominee(s).

    2. Letter relinquishing the right to Legal Heirs/Nominees for Property documents handover.


The article above lists all the documents required for a home loan for a salaried person. If you are thinking of buying your own property then you should have a knowledge of the documents and keep them handy for the easy approval of a home loan. This shall also decrease the chances of delay in the home loan process. Get your home loan approved with top fintech companies in India that are providing financial services like My Mudra. The company provides loans at the fingertips and within reach of every person. Apply today for the home loan and get it approved at a lower interest rate and minimal documentation.

Also read: Get your Personal Loan Approved with a Low CIBIL Score

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