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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 |
Must Read: How to Get a Home Loan With Out Income Proof?
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 |
Suggested Read: LIC Housing Finance Plot Loan
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 |
Must Read: Best Property Valuation Practices
Conclusion
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. At Credit Dharma, we make this possible by offering lowest guaranteed interest rates that keep your monthly payments manageable, allowing you to enjoy more of what truly matters.
But that is not it. We offer:
- Guaranteed up to 100% funding
- Receive lifetime assistance and expert guidance long after your loan is approved.
- Enjoy a fully digital process with minimal paperwork
- Get your loan approved within just 1-2 weeks.
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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