What are the important documents required for home loan?

Q: Dear sir, I am planning to buy an apartment in Delhi-NCR. Can someone suggest me what are the important documents required for home loan in HDFC bank?

Neha Srivastava, Delhi-NCR

21st September 2011

Home Loan in Delhi

hdfc home loan

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Housing Development Finance Corporation (HDFC) is one of the premier banks in India for providing home loan. HDFC finances up to 80% of the cost of the property (including the cost of the land) based on the repayment capacity of the customer. You can choose from Partly Fixed or Partly Floating rate options. Loan is available for purchase (fresh / resale) and construction of houses, Renovation and repair, Extension of house and Purchase of plot. Repayment of the loan can be done over a maximum period of 10 years.

Rakesh, Bangalore

21st September 2011

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HDFC bank finances up to 85% maximum of the cost of the property.
A salaried need to submit documents like Form No.16, Application Form and recent passport size photographs, Identity card and residential proof, Latest updated bank statements, Last month salary slip.

If you are a self employed then along with these documents, you need to provide previous 3 years Income Tax Files (business and self), Previous 3 years Profit and Loss A/c with Balance Sheet, Bank Statement of previous 6 months, Proof of Educational Qualifications, Proof of business documents.

Ashish Sharma, Mumbai

21st September 2011

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