Documents Required for Home Loan in Delhi – Full Checklist (2025)

Buying a home is one of the biggest financial steps in a person’s life. For many in Delhi, it’s not just about owning property, it’s about building a life and securing a future. But while the dream is beautiful, the process of getting a home loan in Delhi can seem overwhelming, especially when it comes to documents required and meeting the eligibility criteria. That’s where platforms like Loanswala come in, helping simplify the process and connect you with the right lenders. To help make this journey easier, we’ve created a simple, up-to-date checklist of the documents you’ll need in 2025. Whether you’re salaried or self-employed, a first-time homebuyer, or planning to invest in properties in Delhi, this guide will give you clarity and confidence.

Take a look at the key document categories listed below:-

   1. Identity Proof

Lenders want to verify who you are. Any one of these documents is typically sufficient:

• PAN Card (mandatory for loan applications)
• Aadhaar Card
• Voter ID
• Passport
• Driving License

Make sure the name on your ID matches your other documents to avoid delays in your loan application.

    2. Address Proof

Your current place of residence must also be verified. These documents usually work:

• Aadhaar Card
• Utility Bills (Electricity, Water, etc.)
• Passport
• Rent agreement (if applicable)
• Ration Card

Many people applying through Loanswala have found the process smoother when their address proofs are updated and consistent across documents.

    3. Income Proof (for Salaried Applicants)

Lenders are looking for proof that you meet the income requirements and can pay back the loan. If you have a salary, you will require:

• Last 3–6 months’ salary slips
• Latest Form 16 or Income Tax Return (ITR)
• Bank statements for the last 6 months
• Employment letter or ID from the employer (sometimes optional)

Choosing from affordable home loan plans in Delhi becomes much easier when you’re prepared with these income documents ahead of time. Use tools like a home loan EMI calculator to understand your repayment capacity.

    4. Income Proof (for Self-Employed Applicants)

Self-employed professionals and business owners must show income stability and tax compliance. You’ll need:

• ITRs for the last 2–3 years
• Balance sheet and profit & loss statements (audited if applicable)
• Business license or registration
• Bank account statements (personal and business, past 6 months)

A large number of business owners using Loanswala appreciate the flexibility in documentation based on their income patterns and the ability to explore floating interest rates.

    5. Property Documents

Once you’ve chosen your dream home from among various properties in Delhi, make sure you have:

• Sale Agreement or Allotment Letter
• NOC from builder or society (if applicable)
• Title deed or chain of ownership documents
• Encumbrance certificate
• Approved building plan from the local authority

Having these ready speeds up your home loan eligibility checks and loan approval process considerably.

    6. Additional Documents (May Vary by Lender)

Different banks and NBFCs may ask for:

• Passport-sized photographs
• Loan application form (filled and signed)
• Credit report (though most lenders fetch it themselves)
• Proof of down payment or margin money
• Any existing loan documents (if you’re transferring or consolidating)

To reduce back-and-forth and unnecessary delays, many Delhi residents are now consulting platforms like Loanswala to ensure they meet lender-specific requirements in one go.

Conclusion

Applying for a home loan in Delhi doesn’t have to feel like running a bureaucratic marathon. With the right guidance and a clear checklist, the process becomes more manageable, even smooth. Having all your documents organized not only shortens approval time but also helps you qualify for the best affordable home loan plans in Delhi.

If you’re in the early stages of planning or already scouting properties in Delhi, start preparing these documents today. And if you ever feel stuck or unsure, remember, there are reliable platforms like Loanswala that simplify the entire loan experience, from comparing interest rates in Delhi to document collection and submission.

Whether you choose fixed or floating interest rates, understanding the features and benefits of various home loans can help you make an informed decision. Using a home loan EMI calculator can also assist you in budgeting smartly.

In the end, your journey to a new home isn’t just about finances—it's about preparation. Gather your paperwork, understand the process, and explore the right options with confidence. With Loanswala as your guide and the right documentation by your side, stepping into your dream home is no longer a distant goal but a realistic next step.

Frequently Asked Questions (FAQs)

Q1. What documents are required for a home loan in Delhi?
You will need identity proof (like PAN card or Aadhaar), address proof, income proof (salary slips or ITRs), property documents, and a filled loan application form.

Q2. What is the minimum eligibility criteria for home loans in Delhi?
Eligibility depends on your income, credit score, employment status, and property value. Salaried and self-employed individuals both can apply.

Q3. Is a PAN card mandatory for applying for a home loan?
Yes, a PAN card is mandatory for all home loan applications in Delhi as per RBI regulations.

Q4. How do I check my EMI for a home loan?
You can use an online home loan EMI calculator to estimate your monthly installments based on loan amount, tenure, and interest rate.

Q5. Can self-employed individuals get a home loan in Delhi?
Yes, self-employed professionals need to submit ITRs, bank statements, business registration, and other financial documents to qualify.

Q6. Are floating interest rates better than fixed ones?
Floating rates can be lower in the long run but may vary with market changes. Fixed rates remain constant. Choose based on your financial stability.

Q7. How can Loanswala help me in getting a home loan in Delhi?
Loanswala simplifies the loan journey by comparing multiple lenders, guiding document collection, and helping you choose the most suitable and affordable home loan plans in Delhi

Also Read Loan Against Property in Delhi