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Are you ready to buy your dream home? First, you need to gather some important papers. This guide lists all the Axis Bank home loan documents required to apply.
Whether you work a job, run a business, or live overseas, having these documents ready will help. Collect your papers and you’ll be on your way to owning your new home. Let’s make sure you have everything to move forward smoothly!
List of Documents Required for Salaried and Self-Employed
Applying for a home loan requires you to provide specific documents. Here’s a clear list of what you need if you are salaried or self-employed.
| Applicant Type | Documents Required |
|---|---|
| Salaried | 1. Recent pay slips (last 3 or 6 months) 2. Bank statements showing salary (last 6 months) 3. Form 16 (last 2 years) or proof of job continuity 4. Employment contract/appointment letter if applicable 5. Valid visa and passport copy for NRIs |
| Self-Employed | 1. Recent ITR and financial statements (last 2 years) 2. Bank statements (personal and business, last 6 months) 3. Proof of business continuity (3 or 5 years) 4. CA-certified balance sheet, P&L statement, and income computation 5. Tax audit report if applicable |
List of Documents Required for NRIs
If you are an NRI applying for a home loan, you must provide specific documents. This helps the bank check your details quickly.
Here are the documents NRIs need to apply for a home loan:
1. Passport: Shows your identity and nationality.
2. Valid Visa or OCI Card: Confirms your overseas status.
3. Overseas Address Proof: This could be a utility bill or your overseas driving license.
4. Indian Address Proof: This can be an Aadhaar Card, Voter ID, or any utility bill.
5. Income Proof: Recent pay slips (last 3 months), appointment letter, or contract from your employer abroad.
6. Bank Statements:
- NRE/NRO account statement from an Indian bank (last 6 months).
- International salary account statement (last 6 months).
7. Property Documents: All legal paperwork tied to the property you plan to buy.
8. Power of Attorney (POA): If someone in India is handling your home loan process.
Conclusion
]Before you move forward with your home loan application, double-check you have all the Axis Bank home loan documents required. This simple step will pave the way for a straightforward and successful loan approval.
Ready your documents, submit your application, and soon, you could be stepping into the home of your dreams. Let’s get you across the finish line with everything in order! Turn to Credit Dharma for expert financial advice and the best home loan options tailored for you.
Frequently Asked Questions
You’ll need your ID, proof of income, address proof, and property documents.
Yes, a PAN card is mandatory for all loan applicants.
Yes, NRIs can apply with a valid passport, visa, and proof of income.
For salaried individuals, recent pay slips and bank statements showing salary are needed.
Yes, self-employed individuals must submit recent ITR, financial statements, and bank statements.
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