When applying for a home loan with LIC Housing Finance, you will need to provide specific documents that verify your identity, income, and property details.
Here’s all the necessary documents for an LIC home loan, categorized for easy reference by salaried, self-employed, and NRIs.
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LIC Housing Finance Home Loan: General Documents
General documents form the foundation of your LIC Housing Finance home loan application. These essential papers verify your identity, employment status, and residential address, ensuring that all applicants meet the basic eligibility criteria set by LIC.
| Category | Documents Required |
|---|---|
| Proof of Identity | PAN Card/ Driver’s License / Voter ID / Passport / Aadhar Card |
| Proof of Address | Driver’s License / Ration Card / Voter ID / Passport / Aadhar Card / Registered Rent Agreement |
Suggested Read: LIC Housing Finance Home Loan Interest Rates 2025
LIC Housing Finance Home Loan: Proof of Income Documents
Income proof documents are important for assessing your ability to repay the home loan.
| Salaried | Self Employed |
|---|---|
| Last 6 months’ Salary Slips | Last 3 Years ITR with Computation of Income |
| 1 Year ITR/Form 16 | Profit & Loss Account |
| 6 months bank account statement (salary account or individual account). | Balance Sheet |
| Capital Account Statement | |
| Bank account statement for the last 12 months (for individual or business). | |
| Business proof |
Suggested Read: Why LIC Insurance is Important for Home Loan Protection?
LIC Housing Finance Home Loan: NRI Documents
NRI documents are specially required for NRIs applying for an LIC Housing Finance home loan. These documents help verify your overseas status, income sources, and financial stability, ensuring that your loan application complies with the bank’s guidelines for NRIs.
| Category | Documents |
|---|---|
| Passport & Visa | Passport with VISA printed on it |
| Work Authorization | Work Permit |
| Identity Proof | Copy of PAN, ID card issued by employer |
| Proof of Address | Proof of address in India Proof of address in the foreign country Proof of address from employer with contact details |
| Income Proof | Latest salary slip in original Annual income tax return filed as per applicable rules for the last 2 years |
Check Out: LIC Housing Finance Home Loan EMI Calculator
LIC Housing Finance Home Loan: Property Documents
Property documents establish the legitimacy and value of the property you intend to purchase. These papers ensure that the investment is secure and compliant with all regulatory standards.
| Documents Required |
|---|
| Proof of Ownership |
| Property Allotment Letter |
| Tax Certificates |
Read More: LIC Home Loan Statement Download
What to Do If Home Loan Documents Are Missing?
It’s easy to misplace or overlook paperwork when you’re juggling all the details of a home loan application. Missing documents, however, can delay your approval process or lead to a rejected application. If you find yourself in this situation, here’s what you can do:
- Identify what’s missing: Determine exactly which document(s) are absent (e.g., income proof, ID, bank statements).
- Request copies: Contact your bank, employer, or relevant government office to obtain duplicates.
- Ask for an extension: If near a deadline, request more time from your lender.
- Offer alternatives: Provide older records or alternate documents temporarily if acceptable.
Suggested Read: How Long Does Home Loan Disbursement Take After Approval?
What To Do If You’ve Lost Your Property Documents?
| Step | Action | Purpose | Benefit |
|---|---|---|---|
| File an FIR | – Visit your local police station – File a First Information Report (FIR) | – Officially document the loss – Establish legal record | – Legal protection – Prevent fraudulent use |
| Publish an Advertisement | – Place ads in two newspapers (one in a mainstream language, one in a local dialect) | – Publicly declare the loss as required by law | – Strengthens your claim – Boosts recovery chances |
| Submit to the Sub-Registrar | – Visit the sub-registrar’s office – Submit the FIR, newspaper ad copies, and a detailed application | – Formally declare your documents as lost | – Completes legal notification process |
| Apply for Duplicate Copies | – Attach an affidavit detailing the loss and recovery efforts – Submit an application for duplicate copies | – Replace the original documents after verification | – Restores legal ownership |
Suggested Read: Home Loans Without ITR
Documents to Secure After Closing Your Home Loan
- Original Property Documents: Retrieve the original documents submitted with your loan.
- No Dues Certificate (NDC): Secure confirmation that all dues have been cleared.
- Lien Removal Confirmation: Obtain proof that the mortgage lien has been removed.
- Updated Non-Encumbrance Certificate (NEC): Ensure the certificate reflects the closed loan.
- Loan Repayment Statements: Keep bank statements verifying complete repayments.
- Post-Dated Cheques: Collect any cheques provided during the loan process.
Suggested Read: Home Loan Closure Process
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Frequently Asked Questions
No, you don’t need to submit property documents if you haven’t identified a property yet. However, you will need to submit these documents once you have finalized the property for your home loan.
No, the documentation for women applicants is the same as for other applicants. However, women applicants may be eligible for special interest rate discounts.
No, it’s not mandatory to have life insurance, but it is highly recommended as a safety measure for your loan repayment.
Yes, if you are transferring your existing home loan to LIC Housing Finance, you will need to submit an NOC from your current lender along with the other required documents.
No, LIC only requires photocopies of most documents, but you will need to show the originals for verification purposes.
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