Getting a property loan or a home loan is somewhat tedious. There is a long list of documents a borrower would need to prepare and fill. These documents are essential to establish a borrower’s KYC or know your customer, income background, antecedents of the property they wish to purchase, etc. So, here is a comprehensive list of documents required for a property loan.

1. Loan application form

2. Three photographs of passport-sized

3. Identity proof

4. Residence proof

5. Bank account statement for the last six months

6. Signature verification by bankers of the applicant

7. Property detailed documents

8. Liabilities statement and personal assets

9. Salary certificate from the employer (For Salaried Individuals)

10. Form 16 or IT returns for the past two financial years (For Salaried Individuals)

11. IT Returns/Assessment order copies of the last three years (For self-employed professionals)

12. Challans as proof of Advance Income Tax Payment (For self-employed professionals)

13. Proof of Business Address for non-salaried individuals (For self-employed professionals)

While this list will help you prepare for the loan application, it is essential to know that every bank or financial institution will have its own document criteria. However, visiting every bank to understand their procedure and know what documents are required can be time-consuming. However, you can do this by sitting at home using Aurum KuberX, a new age platform to get home loans. Aurum KuberX is a tech-based platform that enables you to compare loans offered by different banks (private & public) and NBFCs, calculate EMI, check out the documents required, and file an application without leaving your home. It’s a hassle-free way to get an instant property or home loan.