Follow us on

Checklist (House Loan)

While applying for the loan, the borrower is required to furnish the following information.

  • Loan application form duly completed with Photograph.
  • Identity proof.
  • Address/Residence proof.
  • Age proof.
  • Educational qualification proof.
  • Income proof.
  • Salaried Class: Latest Salary certificate issued by the employer (indicating gross and net salary). Income tax Return/Form16 for last 2 years whichever is applicable. Bank Statement of salary accounts for last 6/12 months whichever is applicable.
  • Agriculturist: Record of land holding & cropping pattern or any other proof of income.
  • For All Other individuals: - ITRs and Audited Balance Sheets (Wherever applicable) for the last 2 years of business/activity. Bank Statement of account for last 6/12 months, whichever is applicable.
  • Income proof of spouse/earning children/Parents, Whichever is applicable, where the same is to be considered for determining loan amount.
  • Property documents as per Property Check-List as below

A.1 For purchase of built house/flat/dwelling unit from individuals in the name (s) of the borrower (s)

  • 1.1 Proof of Title of the Vendor;
  • 1.2 Approved Plan of the House/Flat to be purchased;
  • 1.3 Attested copy of completion certificate, if obtained;
  • 1.4 Agreement to sell along-with original receipts of payment of earnest money etc. made by the borrower (s) to the vendor;
  • 1.5 In case of leasehold property, letter of authority from appropriate authority permitting transfer and mortgage of the property;
  • 1.6 Non-encumbrance certificate.

A.2 For purchase of plot/land

  • 2.1 Proof of Title of the Vendor;
  • 2.2 Agreement to sell along-with original receipts of payment of earnest money etc. made by the borrower (s) to the vendor;
  • 2.3 In case of leasehold plot/land, letter of authority from appropriate authority permitting transfer and mortgage;
  • 2.4 Non-encumbrance certificate.

A.3 For construction/repair /renovation/ addition/ alteration/ cost

of Furnishing

  • 3.1 Attested copy of Sale Deed/Lease Deed;
  • 3.2 In case of construction/addition/alteration, plan approved by the competent authority;
  • 3.3 Estimate of construction / repair/ renovation / addition/ alteration by a qualified Civil Engineer/Architect;
  • 3.4 In case of leasehold property, letter of authority from appropriate authority permitting mortgage;
  • 3.5 Non-encumbrance certificate

A.4 For purchase of house/flat from development authority/housing board/private builders/group housing society

  • 4.1 Agreement to Sell/Letter of Allotment/Brochure of Scheme and other relevant correspondence between the borrower(s) and vendor (Builder) regarding sale and purchase of the property;
  • 4.2 Original receipts of payments made by the borrower (s) to Builder;
  • 4.3 In case of leasehold property, letter of authority from appropriate authority permitting mortgage;
  • 4.4 In case of proposal of members of Group Housing Societies, a letter(NOC) from the Society duly signed on its letter head;
  • 4.5 Share certificate issued by the concerned Society in respect of borrower’s own holding
  • In its capital together with transfer deed signed in blank for the said share.

A.5 For purchase of leasehold property on power of

Attorney/Agreement to sell basis

  • 5.1 Proof of title of vendor;
  • 5.2 Proof of possession of Vendor;
  • 5.3 Agreement to sell and original receipts of payments made by the borrower (s) to the vendor;
  • 5.4 Non-encumbrance Certificate;
  • 5.5 Power of Attorney executed by the Vendor;
  • 5.6 “Will” of the vendor;
  • 5.7 Letter of Awareness-cum-Possession from Vendor.

Note: the above list is suggestive and documents to be obtained

As per local requirements

  • Statement of Assets and Liabilities with supportive documents.
  • Any other document/paper which may be necessary as per requirement of the case.

Vehicle Loan

NEW CAR/VAN/JEEP

  • Loan application form duly completed with recent photograph.
  • Proof of Income:
  • Salaried Class: Latest Salary certificate issued by the employer (indicating gross and net salary). Income tax Return/Form 16 for last 2 years whichever is applicable. Bank Statement of salary accounts for last 6/12 months, whichever is applicable.
  • Business Concern: ITR and Audited Balance Sheet of the Firm/Company for the last 2 years.

Persons engaged in Allied Agricultural Activities and Agriculturists: Record of land holding & cropping pattern or any other proof of income.

  • Age proof.
  • Address Proof.
  • Quotation from authorized dealer for vehicle to be purchased.
  • Proof of income of spouse/parents/earning children, whichever is applicable, where the same is to be considered for determining loan amount.
  • Guarantor Detail with all supportive papers and photo, if applicable
  • Statement of Assets and Liabilities with supportive documents.
  • Any other document/paper which may be necessary as per requirement of the case.

FOR OLD CAR/VAN/JEEP

  • Loan application form duly completed with recent photograph.
  • Proof of Income- mentioned above for New Car/Van/Jeep-Vehicle Loan.
  • Age Proof.
  • Address Proof.
  • Particulars of vehicle to be purchased and copy of Registration Certificate Of vehicle (Original to be produced at the time of disbursement).
  • Latest quotation of the vehicle from authorized dealer.
  • Proof of income of spouse/parents/earning children, whichever is applicable, where the same is to be considered for determining loan amount.
  • Agreement to Sell between Seller and Purchaser.
  • Prescribed Transfer Form duly executed by the Seller for onward submission to RTO.
  • Copy of receipt of up-to-date deposit of Road tax/other taxes.
  • Guarantor Detail with all supportive papers and photo, if applicable
  • Statement of Assets and Liabilities with supportive documents.
  • Any other document/paper which may be necessary as per requirement of the case.

Education Loan

  • Loan application on Bank`s format.
  • Passport size photograph.
  • Proof of Identity and Address as per Bank’s KYC Guidelines.
  • Proof of Age.
  • Copy of PAN*.
  • Proof of having cleared last qualifying examination.
  • Letter of admission.
  • Prospectus of the course wherein charges like Admission Fee, Examination Fee, Hostel Charges etc. are mentioned.
  • Any other document/information, depending upon the case and purpose of the loan.
  • Photocopy of passport and visa for studies abroad**.

Note: Aadhaar is mandatory for student, wherever applicable as per Supreme Court decision.

Co-Applicant/Guarantor

  • Loan application on Bank`s format.
  • Passport size photograph.
  • Proof of Identity and Address as per Bank’s KYC Guidelines.
  • Proof of Age.
  • Copy of PAN*.
  • Previous / existing loan, if any, from other Banks/Lenders, Statement of account for last 6 months, Sanction letter to be obtained.
  • Income documents such as Income certificate issued by designated authority of the respective State Govt./UT administration/ITR/Form 16/Audited accounts as per scheme guidelines is mandatory in case of students wants to avail benefit of Government Interest Subsidy schemes.
  • In case loan is to be collaterally secured by mortgage of IP, copy of Title Deed and other documents required for proof of Title.
  • Any other document/information, depending upon the case and purpose of the loan.

*If PAN is not available at the time of sanction, the same must be obtained before disbursement of loan.

** Copy of Visa is required before first disbursement of Education Loan.

Personal Loan

Loan application form duly completed with photograph

Proof of Income:

For Salaried persons:

Latest Salary certificate, ITR/Form No.16 for the last 2 years, duly authenticated by employer. Statement of Account: At least of one year (In case of salaried employees, statement of account should be of that account, in which their salary is being credited.

For LIC Agents

  • Latest Salary certificate, ITR/Form No.16 for the last 3 years
  • Statement of Account: At least of one year (of that account whose declaration has been made in the Income Tax Returns).
  • Agency number / agency code
  • Assignment of LIC policy of self, with sum assured equivalent to loan amount or Tangible Collateral Security of the value of 100% of loan amount

For Doctors

  • Latest Salary certificate/ ITR/Form No.16 for the last 2 years.
  • Statement of Account: At least of one year (of that account whose declaration has been made in the Income Tax Returns).
  • Age proof.
  • Address proof.
  • Guarantor Detail with all supportive papers and photo, if applicable.
  • Statement of Assets and Liabilities with supportive documents.
  • Any other document/paper which may be necessary as per requirement of the case.

Pension Loan

Common for Demand Loan, Term Loan and Overdraft

  • (Loan application form duly completed with photograph)Request-cum-sanction Letter for Personal Loan to pensioners
  • Age proof.
  • Address Proof.
  • Pensioner`s Portion of PPO in original (to be retained until liquidation of loan account).
  • Letter of authority (in duplicate) to be taken in case of DPDO Pensioners – ANNEXURE - IV. The same is sent by registered post to the DPDO along with information in writing regarding disbursement of the loan to the concerned pensioner. Further an Affidavit may be obtained from the concerned pensioner that he/she shall not change his/her present disbursing branch/bank without bank`s consent.
  • Guarantor Detail with all supportive papers and photo, if applicable.
  • Letter of Authority Ann-III
  • Any other document/paper which may be necessary as per requirement of the case

PNB My Property Loan

  • Loan application form duly completed with photograph
  • Age proof
  • Address Proof
  • Income Proof;
  • Salaried: - Latest ITR / Form 16 of last 3 years with latest salary slip. Statement of A/c for the last six months in which salary is being credited.
  • Non-Salaried- Latest ITR of last 3 years. Statement of A/c for the last six months in which business income is being credited on regular basis.
  • Proof of income of spouse/parents/earning children, whichever is applicable, where the same is to be considered for determining loan amount/repaying capacity, if applicable
  • Paper of Immovable Property purposed to be mortgaged.
  • Statement of Assets and Liabilities with supportive documents
  • Any other document/paper which may be necessary as per requirement of the case.

Reverse Mortgage Loan

  • Loan application form duly completed with photograph
  • Paper of Property to be Mortgaged
  • Declaration/Undertaking.
  • Co Borrower detail, if any.
  • Life Certificate-VII.
  • Any other document/paper which may be necessary as per requirement of the case.

Gold Loan/ Sovereign Gold Bond Loan

  • Application for Loan against Gold Jewellery / Ornaments Annexure-B.
  • Loan application for advance against Sovereign Gold Bonds-Annexure D-PNB 2024.
  • Details of Sovereign Gold Bond offered as security-Annexure G-PNB 2026.
  • Any other document/paper which may be necessary as per requirement of the case.
Listen