Documents Required for Home Loan
Proof type |
Document |
Salaried Individuals (Individual or Joint) |
Self Employed Professionals (SEP) (Individual or Joint) |
Self Employed Non- Professional (SENP) / Co. / HUF/ Partnership Firm / LLP |
Non-Resident Indians (NRI’s)* (Individual or Joint) |
|---|---|---|---|---|---|
Bank Statements/ passbook copy |
Bank statement/pass book copy |
✔ |
✔ |
✔ |
✔ |
Age proof |
Passport |
✔ |
✔ |
✔ |
✔ |
Driving license |
✔ |
✔ |
✔ |
✗ |
|
School leaving certificate |
✔ |
✔ |
✔ |
||
Birth certificate |
✔ |
✔ |
✔ |
||
Voters identity card |
✔ |
✔ |
✔ |
||
PAN card |
✔ |
✔ |
✔ |
||
Income Proof |
Last 3 month's salary slips |
✔ |
✗ |
✗ |
✗ |
Form 16 of latest 1 assessment year |
✔ |
||||
Latest 3 years income tax returns, personal and business along with computation of income. |
✗ |
✔ |
✔ |
✗ |
|
Latest 3 years profit and loss accounts and balance sheet with schedules duly certified by a chartered accountant. |
✔ |
✔ |
✗ |
||
Business/Service/Profession Proof |
Professional experience / Business or Partnership existence proof |
✔ |
✔ |
✔ |
✔ |
Repayment Proof |
Repayment track record (RTR)/Proof wherever Applicable |
✔ |
✔ |
✔ |
✔ |
Property Proof |
All Property documents |
✔ |
✔ |
✔ |
✔ |
Other Proof |
Degree certificate |
✗ |
✔ |
✗ |
✗ |
Registration Proof with Tax authorities as applicable to type of Business |
✗ |
✗ |
✔ |
✗ |
Checking the eligibility for your Home Loan and the EMI that you have to pay is now easier. You can do so by using the Kotak Home Loan EMI Calculator. You only need to know your Kotak Home Loan’s interest rates and the processing fees and charges you paid for it.
Submitting the correct documents play a key role in the success of your Home Loan application. Here are some common errors applicants make, and simple ways to stay clear of them:
Applying without checking eligibility
Many applicants proceed without reviewing basic eligibility factors such as income, credit score, or existing financial commitments. This can lead to rejection or delays. Checking eligibility in advance helps you apply with clearer expectations.
Overlooking terms and conditions
Loan features often get more attention than the fine print. Skipping the terms and conditions can result in unexpected charges related to interest, processing, or balance transfers. Reading these details early helps avoid surprises later.
Submitting incomplete documents
Missing papers or partially filled applications can reduce approval chances. Common gaps include leaving sections blank or not attaching supporting schedules with income tax returns. Reviewing the checklist carefully before submission can prevent this.
Signature mismatch across documents
Differences between signatures on identity proofs and application forms may lead to verification issues. Using a consistent signature across all documents helps avoid unnecessary back-and-forth.
Missing required attestations
Some documents may need notarisation, self-attestation, or certification by a chartered accountant. Submitting them without the correct attestation can delay or block processing. Always confirm which documents need additional validation.
Errors in property documents
Incomplete or incorrect property papers, such as missing sale deeds, occupancy certificates, or builder approvals, can result in rejection. Ensuring property documents are complete and valid is essential.
Outdated KYC information
If your KYC details are not updated, loan processing may slow down. Keeping personal information current with the bank helps ensure smoother verification and faster progress.
Paying attention to these areas can help keep your Home Loan application on track and reduce avoidable delays.
Learn all about Home Loan
Pre-EMI vs Full EMI for an Under-Construction Home: Cost and Cash-Flow Differences
Home Loan Rate Reset Date: When a Benchmark Change Actually Reaches Your EMI
Home Loan Balance Transfer During Construction: Documents, Disbursement and Risks
Property Document Mismatch During Home Loan Processing: Common Issues and Corrections
You can pay off any existing balance of Home Loan using Kotak’s Home Loan Balance Transfer at a lower rate of interest.
If you are an NRI and are looking for a Home Loan, Kotak provides you just that. Check out our NRI Home Loans section.
To encourage women home buyers, Kotak Mahindra Bank offers affordable housing loans for women.
Disclaimer (Things you should know):
For loans: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.
Document submission requirements can vary based on the verification stage and the type of document.
For clarity on which documents require originals versus certified copies, contact Kotak's Home Loan advisor or visit your nearest branch. Generally,
Identity and address proof documents may require original verification
Income and property documents may need notarised or self-attested copies during processing.
For joint Home Loan applications, each applicant must submit the complete set of required documents as outlined in the documentation table. The requirements remain consistent whether applying individually or jointly.
Each co-applicant needs to provide:
Identity proof (PAN Card, Aadhaar Card, Passport, Voter ID, or Driving Licence)
Address proof documents
Income proof based on employment type (salary slips and Form 16 for salaried individuals, or ITR and financial statements for self-employed)
Bank statements from the last 6-12 months
Property documents for the home being financed
Repayment track record for existing loans where applicable
Each applicants' documents undergo individual verification to assess combined eligibility and loan amount qualification.
Property documents must be in the official language of the state where the property is located.
If your property documents are in a regional language, Kotak may require certified English translations for processing. Contact your Home Loan advisor to confirm acceptable document formats and any translation requirements before submission to avoid delays.
Incomplete document submission can lead to:
Loan application rejection or significant processing delays
Reduced chances of loan approval
Inability to assess your financial stability and creditworthiness accurately
Potential loss of property booking in competitive markets due to delayed approvals
Yes, income proof is mandatory for Home Loan applications. The specific documents required vary based on your employment type:
For salaried individuals:
Last three months' salary slips
Form 16 for the latest assessment year
For self-employed professionals (SEP):
Latest three years' Income Tax Returns (personal and business)
Latest three years' Profit and Loss accounts and Balance Sheets certified by a Chartered Accountant
For self-employed non-professionals (SENP) and business entities:
Latest three years' ITR with computation of income
Latest three years' audited financial statements
For NRIs:
Bank statements from the last six months from domestic and international accounts
Income proof from foreign employment
Income documentation helps assess your repayment capacity and determines the eligible loan amount.
Yes. The documentation requirements include "Repayment Proof" or "Repayment track record (RTR)" for existing loans where applicable. This applies to all applicant categories—salaried individuals, self-employed professionals, business entities, and NRIs.
