Home loan is a secured loan provided against the house/ property and that property could be a personal or a commercial one.
The basic purpose of taking a home loan is for purchasing a new house, for renovation, repair or extension of the house or
expansion of existing home or for construction of a new home or for purchasing a new land on which the borrower can further
construct a house.
Document Required For Home Loan:
The Various documents required for a home loan are Salary Slip, form-16, Six Months bank statement, ID proof, residence proof,
copy of property papers and other supporting documents.
For self employed bank require balance sheet, profit & loss account, Bank Statement copy of property papers and other supporting documents.