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Dreaming of your own home? Here’s your quick guide to the documents required for home loan HDFC. Understanding the documents required for home loan in HDFC Bank is the first step to hassle-free approval. From ID proofs to income details, we’ve got you covered with all the HDFC home loan documents you’ll need to make your dream a reality!
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HDFC Bank Home Loan General Documents
Here’s a complete list of the documents required to apply for a home loan with HDFC Bank. Ensure you’re fully prepared for a smooth and hassle-free loan process.
Identity and KYC
| Category | Document Type |
|---|---|
| Mandatory Documents | PAN Card or Form 60 (If the customer does not have a PAN Card) |
| Identity Documents | 1. Passport 2. Driving license 3. Voter ID 4. Job card issued by NREGA 5. Letter issued by the National Population Register 6. Aadhar Card |
Also Read: Essential Documents for Home Loan Approval
HDFC Bank Home Loan Income Documents
Income proof is essential to assess your financial stability and repayment capacity. The requirements vary for salaried and self-employed individuals.
| Salaried | Self-Employed Professional | Self-Employed Non-Professional |
|---|---|---|
| Last 3 months’ Salary Slips | Income Tax Returns along with computation of income for at least the last 2 Assessment Years | Income Tax Returns along with computation of income for at least the last 2 Assessment Years |
| Last 6 months’ Bank Statements, showing salary credits | Last 2 years’ Balance Sheet and Profit & Loss A/c Statements | Last 2 years’ Balance Sheet and Profit & Loss A/c Statements |
| Latest Form-16 and IT returns | Last 12 months’ Current A/c Statements of the business entity | Last 12 months’ Current A/c Statements of the business entity |
Suggested Read: Legal Documents for Buying a Home
HDFC Home Loan Property Documents
Understanding the property documents required for home loan HDFC is crucial for smooth processing. These documents help verify ownership and ensure the property meets loan approval criteria.
For Purchase of a New Home
| Salaried/Self-Employed Professional/ Self-Employed Non-Professional |
|---|
| Copy of the Allotment Letter / Buyer Agreement |
| Receipt(s) of payment(s) made to the developer |
Also Read: Buying a house with low income
For Purchase of a Resale Home
| Salaried/Self-Employed Professional/Self-Employed Non-Professional |
|---|
| Title Deeds including previous chain of the property documents |
| Receipt(s) of initial payment(s) made to the seller |
| Copy of the agreement to sell (if already executed) |
Check Out: Guide to selling your home with a loan
For Constructing a Home on a N.A. Plot
| Salaried/Self-Employed Professional/Self-Employed Non-Professional |
|---|
| Title Deeds of the Plot |
| Proof of no encumbrances on the property |
| Copy of the plans, approved by the Local Authorities |
| Construction estimate by an Architect / Civil Engineer |
Also Read: What to do if you lose your property documents?
HDFC Bank Home Loan: NRI/ PIO Documents
NRI documents are specially required for NRIs applying for an HDFC bank 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 |
HDFC Bank Home Loan: Balance Transfer Documents
Transferring your existing home loan to HDFC Bank can help you take advantage of better interest rates and favorable terms. To facilitate a smooth balance transfer process, you need to provide specific documents that verify your current loan details and financial standing.
| Balance Transfer Documents |
|---|
| KYC Documents |
| Home Loan Statements from Previous Bank |
| Bank Account Statement |
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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Conclusion
This comprehensive checklist of documents required for an HDFC home loan prepares you well. By following this home loan documents list for HDFC, you can avoid any last-minute hassles and ensure a seamless loan application process. For any further queries, contact Credit Dharma’s team of experts.
Frequently Asked Questions
To apply for an HDFC home loan, you need to submit identity and address proofs. Include income documents like salary slips, bank statements, and IT returns. Property-related papers are also required. Requirements differ for salaried and self-employed individuals.
Salaried individuals need to provide the last 3 months’ salary slips and the last 6 months’ bank statements showing salary credits. Other requirements are latest Form-16 and IT returns .
For a new home purchase, you need to submit a copy of the allotment letter/buyer agreement and receipts of payments made to the developer.
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