List of Documents Required for HDFC Home Loan

When applying for an HDFC home loan, it is crucial to have all the necessary documents ready to ensure a smooth approval process. HDFC, one of India’s leading housing finance companies, requires specific documents to verify your identity, income, and property details. Below is a comprehensive list of the documents needed for an HDFC home loan application:

1. Identity Proof
You need to provide one or more of the following documents as proof of identity:

• Aadhaar Card
• Passport
• Voter ID
• Driver’s License
• PAN Card

2. Address Proof
For verifying your address, you can submit:

• Utility Bills (Electricity, Water, Gas, etc.) not older than three months
• Bank Statement with the current address
• Rent Agreement (if applicable)
• Aadhaar Card (if it has your current address)

3. Income Proof
HDFC requires proof of income to assess your repayment capacity. The documents include:

• Salaried Individuals:

  • Latest Salary Slips (typically for the last 3 to 6 months)
  • Form 16 (a document from your employer summarizing your earnings and tax deductions)
  • Bank Statements (for the last 6 months) showing salary credits

• Self-Employed Individuals:

  • Income Tax Returns (ITR) for the last 2 to 3 years
  • Profit and Loss Account and Balance Sheet (certified by a Chartered Accountant)
  • Bank Statements (for the last 6 months) showing business transactions

4. Property Documents
For the property you are planning to buy, you need to provide:

• Sale Deed or Title Deed of the property
• Occupancy Certificate (if available)
• No Objection Certificate (NOC) from the builder or developer
• Building Plan and Land Use Certificate

5. Loan Application Form
Complete and submit the HDFC Home Loan Application Form. This form requires details about the applicant, the loan amount, the property, and personal and financial information.

6. Processing Fee
A processing fee as specified by HDFC needs to be paid, which is usually a small percentage of the loan amount. This fee is required for the processing of your loan application.

7. Photographs
Recent passport-sized photographs of the applicants may be required.

8. Additional Documents for Specific Cases
Depending on your employment status or loan type, additional documents might be required. For instance:

• Retired Individuals might need to provide pension statements.
• NRIs (Non-Resident Indians) may need to submit additional documents like a copy of their visa or work permit.

Checklist for Document Submission:

• Ensure all documents are self-attested where required.
• Make photocopies of the original documents and carry them along with the originals for verification.
• Keep documents organized and in the order as specified by HDFC to expedite the process.

By ensuring that you have all these documents prepared and organized, you can avoid delays and complications in the home loan application process. Always check with HDFC for any recent updates or changes to the document requirements.