Jun 21, 2023Home Ally

Important Documents Required for a Mortgage in India

by Godrej Properties Limited



Introduction in Mortgage in India

Identity and Address Proof To establish the borrower's identity and residential address

The following documents are commonly required:

1  Aadhaar Card: The unique identification card issued by the Indian government.

2  Passport: A valid passport that serves as proof of identity and address.

3  Voter ID Card: The Electoral Photo Identity Card (EPIC) issued by the Election Commission of India.

4  Driving License: A valid driving license that includes the borrower's photograph.

Income Proof Lenders assess the borrower's income to determine their repayment capacity.

The following documents are typically required to verify income:

  1. Salary Slips: Recent salary slips indicating the borrower's income, allowances, and deductions.
  2. Income Tax Returns (ITR): Copies of filed ITR forms for the past two to three years, along with a computation of income.
  3. Bank Statements: Bank statements of the borrower's salary account for the past six months, reflecting regular income credits.

Employment Proof To establish employment stability, lenders usually require the following documents:

1 Employment Letter: A letter from the borrower's employer stating the job position, duration of employment, and salary details.

2 Offer Letter: In the case of a new job, the offer letter from the new employer may be required.

3 Form 16: A certificate issued by the employer reflecting the employee's income and tax deductions.

Property Documents To assess the property's value and legal compliance, the following documents are typically needed:

1 Sale Agreement: The agreement between the buyer and the seller, outlining the terms and conditions of the property purchase.

2 Title Deeds: Proof of ownership, including the previous chain of ownership documents.

3 Approved Building Plan: The approved building plan and layout sanctioned by the local authorities.

4 Encumbrance Certificate: A certificate indicating that the property is free from any legal encumbrances or liabilities.

5 Property Tax Receipts: Receipts of paid property taxes to verify the property's tax compliance.

Other Documents In addition to the above, lenders may require the following documents:

1 Bank Statements: Statements of all bank accounts held by the borrower for the past six months to assess financial stability.

2 Passport Size Photographs: Recent passport-sized photographs of the borrower.

3 Credit Report: A copy of the borrower's credit report, providing an overview of their credit history.


When applying for a mortgage in India, it is crucial to gather and submit the required documents accurately and in a timely manner. Identity and address proof, income proof, employment proof, and property-related documents are essential for lenders to assess eligibility and evaluate the property's value and legal compliance. By understanding and preparing the necessary documentation, potential homebuyers can streamline the mortgage application process and increase their chances of securing a loan for their dream home. 

Frequently Asked Questions

1. Are bank statements necessary for a mortgage application?

Ans: Yes, bank statements are typically required to assess the borrower's financial stability and transaction history. 

2. Can I submit digital copies of the required documents for a mortgage application?

Ans: Many lenders accept digital copies or scanned copies of the required documents for a mortgage application. 

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