The single biggest delay we see in closing a property deal isn't negotiation — it's buyers scrambling to arrange loan paperwork after they've already picked a unit. Get these documents ready before you start shortlisting, and approval moves noticeably faster.

Identity & Address Proof

  • PAN card (mandatory for any loan above ₹5 lakh)
  • Aadhaar card
  • Passport-size photographs
  • Address proof — utility bill, passport, or rent agreement if current address differs from Aadhaar

Income Proof (Salaried Applicants)

  • Last 3 months' salary slips
  • Form 16 or ITR for the last 2 years
  • Last 6 months' bank statement showing salary credits
  • Employment continuity proof (offer letter or employment certificate)

Income Proof (Self-Employed / Business Owners)

  • ITR for the last 3 years, along with computation of income
  • Business proof — GST registration, incorporation certificate, or partnership deed
  • Last 6 months' current and savings account bank statements
  • CA-certified balance sheet and profit & loss statement

Property Documents

  • Allotment letter or builder-buyer agreement
  • Payment receipts for amounts already paid
  • RERA registration certificate of the project
  • NOC from the builder/society if applicable
"Loan approval speed usually comes down to one thing: whether your paperwork was complete on the first submission."

Credit Score: What Lenders Actually Look For

Most banks and NBFCs want a CIBIL score of 750 or above for the best interest rates. Below 700, you'll still likely get approved but at a higher rate or with a co-applicant requirement. Before you apply, pull your own credit report and clear any small outstanding dues — even a forgotten credit card bill can shave points off your score.

Tips To Speed Up Approval

  • Keep a co-applicant (spouse or parent) ready if your individual eligibility is borderline — this can meaningfully increase your loan amount
  • Get a pre-approved loan sanction before you finalize a unit — it strengthens your negotiating position with the developer
  • Avoid taking on new EMIs (car loan, personal loan) in the months before you apply for a home loan
  • Compare rates across 2-3 lenders — even a 0.25% difference adds up significantly over a 20-year tenure
#HomeLoan#Finance#BuyersGuide

Want help getting pre-approved?

We work with multiple banks and NBFCs to speed up sanction timelines for our clients.

Book Free Site Visit Chat on WhatsApp