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Documents Required for Applying for a Home Loan

While applying for home loan, it is important to have complete knowledge about all the documents that you will require in order to make sure that your home loan application procedure is carried out smoothly.

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Documents Required for Applying for a Home Loan

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  1. India Mortgage Guarantee Corporation Documents Required for Applying for a Home Loan SIMPLE, TIME-TESTED PRINCIPLES

  2. What We'll Discuss An Outline of Topics Introduction Identity Proof Address Proof Income documents for Salaried Employees Income documents for Self-Employed Individuals Conclusion INDIA MORTGAGE GUARANTEE CORPORATION | 2019

  3. Introduction home loan While applying for , it is important to have complete knowledge about all the documents that you will require in order to make sure that your home loan application procedure is carried out smoothly. The following slides will help you familiarize with all the basic paperwork requirements for your home loan application. INDIA MORTGAGE GUARANTEE CORPORATION | 2019

  4. Why This Matters An investment in knowledge always pays the best interest. Benjamin Franklin

  5. Identity Proof Some of the documents that are accepted nation- wide as an Identity Proof are PAN card, a valid passport, Aadhaar card, driving license, or any other identity card issued by any government. While on the other hand, an employer can present their voter identity card as an identity proof. INDIA MORTGAGE GUARANTEE CORPORATION | 2019

  6. Address Proof One can present their Aadhaar card, voter identity card, valid passport, driving license, utilities bills or even recent bank statements as an Address Proof. It is important that the applicant’s permanent address is mentioned on the mentioned documents.

  7. INCOME DOCUMENTS FOR SALARIED EMPLOYEES As the applicant’s home loan eligibility is recognized entirely on the basis of their income, it is necessary to provide valid documents that reflect your monthly salary or annual revenue. Thus, salaried employees need to present the Form No 16 and/or a copy of their income tax returns that shows their total income. In some cases, the applicant may also need to present their latest salary slips. This will ensure that they are still working in the same organization. INDIA MORTGAGE GUARANTEE CORPORATION | 2019

  8. Income documents for Self-Employed Individuals If the applicant is self-employed, they might need to present their last three years’ income tax-returns that reflect their total income. They may also have to provide demand copies of audited profit and loss statements and balance sheets, for the same tenure.

  9. Conclusion These were all the documents that one needs to present in order to avail their home loan. We hope that this information will help you in a better execution of your home loan application. INDIA MORTGAGE GUARANTEE CORPORATION | 2019

  10. Contact Us Mailing Address NDIA MORTGAGE GUARANTEE CORPORATION PRIVATE LIMITED (IMGC) 1st Floor, Tower A, Building 9, DLF Phase-III, Gurgaon 122 002(India) Email Address info@imgc.com Phone number +(91)-(0124)-4654900

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