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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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Documents Required for Home Loan HDFC
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
Proof of Income
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
Property related 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 Home Loan Processing Fees
HDFC takes processing fees to cover the cost of reviewing your documents and assessing your loan application.
| Category | Processing Fees |
|---|---|
| Processing Fees (Home Loan) | Upto 1.50% of the loan amount |
Compare Home Loan Interest Rate Offered by Top Banks
Comparing home loan interest rates from leading banks helps you identify affordable financing options. Get a clearer view of each lender’s terms and choose the best home loan that matches your budget and financial goals.
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| LIC Bank | 8.50% – 10.35% p.a. | 8.50% – 10.55% p.a. | 8.50% – 10.75% p.a. |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. |
| Bank Of Baroda | 8.40% – 10.65% p.a. | 8.40% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Axis Bank | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
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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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