Even though lenders have become lenient with their home loan approval application process, individuals still need to meet a few basic requirements to avail such a credit facility.


For example, they need to fulfil a few eligibility norms and submit a list of documents for a home loan.

To facilitate a better understanding, the following offers a fair idea of the common documents that are required to process one’s loan application –

  • Passport sized photograph.
  • KYC documents including PAN card, Aadhaar card, passport, voters ID and driving license.
  • Address proof, including electricity bills, water bills, etc.
  • Identity proof including Aadhaar card, PAN card, voters ID, etc.
  • Bank account statements.
  • Latest salary slips or forms 16.

Additionally, self-employed individuals may be required to furnish proof of vintage and balance sheet to back up their eligibility. Regardless, applicants must ensure that the home loan documents they provide contains uniform information. Doing so, they would be able to enhance their chances of getting the application approved.

However, before applying for the credit facility, they should check its eligibility and proceed accordingly.
Generally, the eligibility for a home loan comprises –

  • Self-employed applicants should be between 25 and 70 years of age.
  • Salaried applicants should be between 23 and 62 years of age.
  • A CIBIL score of at least 750.
  • For self-employed applicants a business vintage of at least 5 years.
  • For salaried applicants, work experience of at least 3 years.

Therefore, by submitting the required list of documents for home loan, individuals can avail substantial financial assistance successfully. However, they must meet the eligibility norms as well.