Checklist of Documents Required for a Home Loan in 2025

Buying a home is a milestone, but for most people, it is only possible with the help of a home loan. Banks and financial institutions in India provide home loans after carefully evaluating the applicant’s eligibility, repayment capacity, and credibility. One of the most important steps in this process is document verification.

At Banks42, we understand that gathering documents can feel overwhelming. To make things easier, here’s a complete checklist of documents required for a home loan in 2025, categorized for different types of applicants and scenarios.

1. Basic KYC Documents (Mandatory for All Applicants)

Regardless of whether you are salaried, self-employed, or a business owner, you’ll need to provide Know Your Customer (KYC) documents.

• Identity Proof (any one):

  • Aadhaar Card

  • PAN Card (mandatory in most cases)

  • Passport

  • Voter ID

  • Driving License

• Address Proof (any one):

  • Aadhaar Card

  • Utility Bills (Electricity/Water/Gas, not older than 3 months)

  • Passport

  • Registered Rent Agreement

  • Bank Statement with address

• Age Proof (any one):

  • Birth Certificate

  • Aadhaar Card

  • Passport

  • School Leaving Certificate

• Photographs: Recent passport-size photos (2–4 copies).

2. Income Documents for Salaried Individuals

If you are a salaried employee applying for a home loan in 2025, banks need to verify your income stability and repayment capacity.

• Last 3 to 6 months’ salary slips

• Latest Form 16 or Income Tax Return (ITR) for the past 2 years

• Last 6 months’ bank statements (salary account)

• Employment proof (ID card, appointment letter, or HR confirmation letter)

3. Income Documents for Self-Employed / Business Owners

For entrepreneurs, professionals, and business owners, banks demand additional documents to evaluate income consistency.

• Business Proof:

  • GST registration certificate

  • Shop & Establishment Act certificate

  • Professional license (for doctors, CA, lawyers, etc.)

  • Partnership deed / Memorandum of Association (for companies)

• Financial Records:

  • Last 3 years’ ITR with computation of income

  • Last 3 years’ balance sheet and profit & loss statement, audited by a CA

  • Last 12 months’ bank statements (current account & savings account)

4. Property Documents (Mandatory for All Home Loan Applicants)

Since the loan is secured against the property, lenders require complete verification of ownership and legal compliance.

• Property Title Deed (clear ownership proof)

• Sale Agreement / Allotment Letter from builder/seller

• Latest Property Tax Receipts

• Approved Building Plan / Layout Plan by local authority

• No Objection Certificate (NOC) from housing society or builder (if applicable)

• Occupancy Certificate (OC) / Completion Certificate (for ready-to-move homes)

• Encumbrance Certificate (EC) for 10–15 years (showing no legal disputes)

• For under-construction property:

  • Builder-Buyer Agreement

  • RERA Registration details of the project

  • Demand letter from builder

5. Additional Documents (Case-Specific)

Depending on your profile and loan type, lenders may request additional documents in 2025.

• Co-applicant / Guarantor documents (same KYC and income proof as main applicant)

• Power of Attorney (if applicable)

• Existing loan statements (if you have other active EMIs)

• Proof of Down Payment (receipts showing own contribution)

• Passport & Visa copies (for NRIs applying for home loans)

• Overseas Income Proof (salary slips, work permit, foreign bank statements for NRIs)

6. Updated 2025 Compliance & Digital Submissions

In 2025, most banks and NBFCs are increasingly digitizing the loan application process. Here are a few updates:

• e-KYC through Aadhaar: Many lenders allow instant KYC verification using Aadhaar OTP authentication.

• Digital Signature & e-Stamping: Property agreements and loan documents can now be signed digitally.

• CKYC (Central KYC Registry): If you are already registered with CKYC, lenders can fetch your KYC data directly.

• Video KYC: Some banks may conduct short video calls for identity verification.

7. Quick Checklist Summary

Here’s a simplified document checklist for home loans in 2025:

✅ KYC: Aadhaar, PAN, Passport, Address proof, Age proof
✅ Income Proof (Salaried): Salary slips, Form 16, ITR, Bank statements
✅ Income Proof (Self-Employed): GST certificate, ITR (3 years), Balance sheet, Bank statements
✅ Property Documents: Title deed, Sale agreement, Tax receipts, Approved plan, NOC, EC
✅ Additional Documents: Co-applicant KYC, Loan statements, NRI documents
✅ Digital Updates: e-KYC, CKYC, Video verification

Pro Tips from Banks42

1. Keep Originals & Copies Ready: Lenders will ask for self-attested photocopies and may check originals during verification.

2. Check Property Title Carefully: Even a small legal dispute can delay or cancel your loan approval.

3. File ITR Regularly: For salaried and self-employed applicants, a consistent tax record boosts approval chances.

4. Maintain a Healthy Credit Score (750+): A strong credit history makes documentation smoother.

5. Stay Updated with Digital Processes: Embrace e-KYC and online submissions to save time.

In 2025, applying for a home loan has become faster, easier, and more digital—but documentation remains the backbone of the approval process. A well-prepared checklist ensures that you don’t face unnecessary delays or rejections.

At Banks42, we recommend preparing your documents well in advance, keeping both physical and digital copies handy, and cross-verifying property documents with a legal advisor before submission.

With the right documents in place, you are one step closer to turning your dream of owning a home into reality.