Financial institutions offering Loans need several documents from different applicants before sanctioning the Home Loan. This list is the same for all lenders. It also depends on the Loan purpose, amount, scheme, and individual credit profile. Following are the documents you should have handy: 

Important Home Loan documents for NRI applicants: 

• KYC establishing document
• Salary certificate signed by the employer, passport number, latest salary, designation, date of joining
• Copy of bank statements from overseas
• Passport showing the page of residence on the visa
• Latest IT returns
• Business documents like Sponsor Agreement, Trade Licence, Power of Attorney, etc.
• Last six months bank statement 

KYC Home Loan documents: 

• Photo ID proofs like passport, PAN Card, Driving Licence, Voters ID Card
• Residency proofs such as utility bills, Ration Card, Employment Letter, Insurance papers
• Age proofs include passport, PAN card, Birth Certificate, Bank Passbook, Driving Licence, mark sheets
• Loan guarantor documents like two passport-sized photos, liabilities Statement and Passport Assets, ID proofs, address proofs, signature identification from present bankers, business address proofs 

Property Documents: 

• Share certificate/sale agreement/deed of sale if from a cooperative society
• Allotment letter from the society/private builder
• Certificate of non-encumbrance encompassing the last 12 or 30years
• Original no objection certificate issued under the ULC Act,1976
• A detailed estimate of construction cost
• Approved building plan
• Applicable for purchase of land plot, a declaration by the Loan borrower stipulating the date within which to construct the house 

Now that you know the documents needed, how to apply for Home Loan? To complete a home loan process, follow these steps: 

• Attach the required documents and fill the application form that includes personal, residential, educational, employment details like phone number, name, yearly income, etc.
• Pay the processing fees
• Discuss with the lenders the further process as they may want to visit you for a face-to-face interaction before the Loan gets sanctioned
• Banks evaluate the documents for any fake document or fraudulent activity. They want to avoid any legal hassles
• The approval stage is crucial as a rejection impacts the credit score while approval takes you a step further to your dream home
• Once approved, the offer letter is sent by the bank after the home loan is sanctioned)
• The processing of papers takes a while. Lenders can ask for the same
• A legal authority generally verifies the agreement papers
• Banks also conduct a check of the property area before sending the agreement
• Then comes the Memorandum of Execution, and an empty stamp duty charge gets paid
• Finally, the amount gets disbursed 

Everyday counts, and so does the interest charged from the day of the Loan sanction. So, note that the cheque always has the delivery date on it.