List of Documents Required for HDFC Home Loan
Getting a home loan is essential for many would-be homeowners in order to cover the cost of purchasing their dream home. However, because home loans involve significant amounts of money, applications are only approved after a detailed investigation to guarantee timely loan payback without any obligations.
When you apply for a house loan, be sure to include all the necessary paperwork; otherwise, your application might be denied and your desire of buying a home will remain a dream. A rejected home loan application might also lower your credit score, which could make it more difficult for you to get loans in the future. To get a home loan, every applicant must provide certain documents to the bank.
Mandatory Documents Required for HDFC Home Loan
- A loan application form that has been correctly completed. A passport-sized photograph of the applicant should be submitted to the form.
- Last six months’ bank statements are required for verification.
- Proof of investment: LIC, fully documented, and even mutual funds are necessary.
- Proof of residence should also be provided. You may submit a utility bill, a rental agreement, or your driving licence.
- Identity documents with photo include a passport, pan card, voter ID, or driving licence.
- A cancelled cheque.
- As evidence of income, provide a salary slip, form 16, or bank statement.
- Proof of employment in the form of your appointment letter.
- You also need to submit property documentation, such as ownership transfer paperwork, sale deeds and so on.
Documents Required Salaried Individuals for HDFC Home Loan
- To show the salary credited to your account, you need to provide your last six months of bank statements.
- You must also provide three months of salary slips to prove that you are receiving your salary.
- A passport, a pan card, a voter ID card, or a driving license must be submitted as proof of identity.
- Furthermore, a copy of form 16 for the last two years must be submitted.
Documents Required Self Employed Individuals for HDFC Home Loan
- Proof of your income is required. The last two years’ balance sheet or profit and loss statement can be submitted with your IT returns.
- Once more, you need to provide identity verification in the form of a passport, driving licence, pan card, or voter id.
- It is necessary for you to submit a bank account statement from the last year.
- HDFC requires office address Proof. You can provide documentation in the form of utility bills or office property documents.
- Additionally, a certificate of business registration and a three-year Saral copy are necessary.
Documents Required NRIs for HDFC Home Loan
- NRIs with a seafarer profile are eligible to apply for an HDFC loan. In order to establish your employment at a shipping firm with such a profile, you must have a current employment contract, an expired contract letter, a continuous discharge certificate, and your most recent pay salary slip.
- If you are staying with a blood relative, you must also produce address documentation proving your relationship to that person.
- Either a work permit or a visa must be submitted. The visa must be active.
- Passport with your international address.
- Any proof of an overseas address. You may provide your employer’s certification, your driving licence, a utility bill, an international bank statement, or a local government-issued national identity card.
Different Ways to Apply for a Home Loan from HDFC
HDFC website
While relaxing at home, submit an application for a loan. Simply go to the bank’s website and search for the option for a house loan there. Click and then follow to the instructions on the website.
HDFC physical branch
You may also directly apply for a loan by going to the HDFC Ltd. branch office in your area.
