Required documents for getting a home loan

Q: What are the required documents for getting a home loan?

Anil Choudhary, Kolkata

1st October 2011

Home Loan in Kolkata

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Hi, appreciate your request, For NRIs following documents is required:

1 KYC Documents
2 Salary slips for the last 3 months/Salary certificate
3 Passport copy with valid residence visa page
4 Work Permit/Labour contract copy/Photocopy of Identity card or any other proof of work/employment issued by concerned government authorities
5 Property related documents, detailed cost estimates from an Architect/Engineer (from India)
6 Processing fee cheque drawn on the applicant’s bank in India or draft payable at the place where the application will be processed
7 Copy of all overseas bank statements for the last 6 months, if any
8 Copy of NRE/NRO bank statement of the last 6 months
9 Power of Attorney (POA) if applicant is not available in India for signing documents

Kaustav Paul, Kolkata

19th July 2015

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I read this thread. This is really very interesting and useful tips in Home Loan. These points are really very important when you are going to buy property. I am NRIs and want to invest in Kolkata so what document should I required?

debabrata sarkar, Kolkata

18th July 2015

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There are two types of home loans based on the interest rates
1. Fixed
2. Floating.
A fixed interest loan is where the interest rate doesn't change throughout the loan tenure.
Floating interest loan, on the other hand, varies according to market conditions.

Sajal Das, Kolkata

17th July 2015

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Various list of Documents required at the time of processing for salaried person:
1 KYC Documents
2 Salary slip for the last 3 months/Salary Certificate
3 Latest Form–16, if salary is over Rs 20,000 per month
4 Copy of all bank pass books/bank statements for the latest 6 months
5 Employers profile if it is a lesser known organisation

Rakesh, Bangalore

18th July 2015

Hello, Rao, Home loans can be availed by
1. individuals (salaried and self-employed)
2. co-operative societies
3. corporate bodies
Basically, home loan seeker can only avail a loan amount that does not exceed 75-80 percent of the Market Value of the property. But some bank will provide upto 90% if and only if your credit history is good.

Promit Dutta, Kolkata

17th July 2015

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Hi Can anyone tell me what Documents required before & after getting a home loan?

Alokesh, Kolkata

17th July 2015

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Hi, Alok a systematic and planned approach towards identifying a home and arranging for necessary funds required lot of research. It is important to be familiar with how the home loan process works and the documentation required to avoid any last minute rush.When I was taken a home loan I undergo the very lengthy process and lots of document is required with necessary approval.

Promit Dutta, Kolkata

17th July 2015

Who can avail Home loan and how much amount does any bank provide for a home loan? I am interested if the bank will provide 90% home loans. I am salaried employee having monthly income 55K.

Subhajit Rao, Kolkata

17th July 2015

The primary requirement for home loan is to have an income. The documents required for home loan are income proof, residence proof, ID proof, age proof.

Suresh Khanna, Mumbai

1st October 2011

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