Want to apply for home loan online? Check home loan eligibility mentioned below:
For Self-Employed Individuals:
- Resident Indians only
- Aged between 23-70 years
- Minimum 4 years of business continuity
- Must earn minimum ₹1.5 lakh per annum
- Tenure duration 12 months - 300 months
For Salaried Individuals:
- Resident & Non-Resident Indians
- Aged between 21-60 years
- Minimum 3 years of experience
- Must earn minimum ₹1 lakh per annum
- Tenure duration 12 months – 360 months
Take a look at the documents required for home loan process and keep them handy.
Valid Identity Proof
Valid Address Proof
Valid Income Proof
- Salaried: Last 2 months salary slip/ latest ITR or Form 16/ last 6 months bank statement
- Self-employed : Latest ITR/ balance sheet or P&L statement/GST return/ last 6 months bank statements or CC statements, etc
Property Proof
- Photocopy of draft sale deed and chain title documents (if any)
- Allotment/Possession letter
- No objection certificate from the society and other documents as per legal report