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Documents Required for a Home Loan Application

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Owning a home goes beyond fulfilling a dream; it means having a space that welcomes and protects you. But to secure a home loan, a proper application process needs to be followed.  At HomeFirst, we want to make the loan process as easy as possible for you. Fintech is growing in today’s world and so are we evolving to get your secure place at your convenience. Traditional lenders want you to fill out a lot of paperwork and make several trips to get a loan. We do none of those things. So, we have attached a list of documents that you need to get a home loan.

Documents Required for Home Loan


Accepted documents

Loan Application

  • Application form
  • A cheque for the processing fee

Identity proof (anyone)

  • Aadhaar card
  • PAN card
  • Passport
  • Voter ID
  • Driving license
  • Employer-issued ID card

Address proof (anyone)

  • Aadhaar card
  • Passport
  • Electricity bill
  • Telephone bill
  • Ration card
  • Lease agreement


  • 1 passport-size

Income proof (salaried)

  • Latest salary slips for 3 months
  • Latest Form 16
  • Recent ITR

Income proof (self-employed)

  • Latest ITR, P&L, and balance sheet for 3 years
  • Proof of business for last 3 years

Bank statements

  • Latest 6 months

*In case of a co-applicant(s), all the above mentioned documents are required by the co-applicant(s) as well. 

*In case you are a  NRI applying for a home loan with us, you might need additional documents like –

Visa stamped Passport


A common question which in general our applicants have is “Can home loans be granted without documents?

The answer to this question depends on the types of documents you are referring to. If the documents mentioned are in terms of verification and KYC purposes, the answer is a strict no. But if the question is meant for producing a proper income certificate, the answer is yes. This might not be the case with many traditional banks and NBFCs, but with companies like HomeFirst, you can get your home loans without submitting your proper income certificate and can be applied completely online from here.

Process to Apply for a Home Loan

Sanctioning a home loan in India used to be a lengthy and difficult procedure before the advent of digital banking. But due to the increase in adoption of digital banking, a home loan can now be quickly and easily processed online. The online application process for HomeFirst can be accessed from here. Within 48 hours, you can get your home loan sanctioned if it is approved. In case you are unfamiliar with the home loan procedure, here it is:

  1. Online Process

This is as simple as it can be. We have our home loan process completed online through the link here. Just fill the information required and our relationship manager will reach out to you within 48 hours. Post that, documents will be checked and upon approval, your loan amount will be sanctioned in your account. The whole process is hassle-free and does not require daily visits to your location.

  1. Offline Process

  1. Fill out the application form
    The first step is to fill out the application form with all the details required and submit it along with the documents required mentioned in the above table. 
  2. Credit Appraisal
    The process of evaluating the applicant’s credit history begins once the lender has received the application for the home loan as well as the requisite set of papers.  In this stage of the process, the lender determines whether or not the applicant is eligible for a house loan by analyzing factors such as the applicant’s income, employment history, credit score, current debts, employer’s profile, business history and other relevant factors.
  3. Property valuation/Field Investigation
    Lenders verify and review the applicant’s collateral property at this stage. The lender verifies all property paperwork, sale agreements, no objection certificates, occupancy certificates, and more, to ensure the title is clear and undisputed. The lender’s representative also inspects the property’s construction to make sure it meets plans and regulations. The lender also determines property value through technical inspection in case they require collateral.  In the case of companies like HomeFirst, income proof is not required so a field investigation is carried out by the lender. This involves the lender’s representative calling the application or going to the applicant’s place of business or residence to determine or authenticate the details that the applicant has provided.
  4. Loan Sanction
    Post approval of home loan application, an approval letter is provided with all the details mentioned like loan amount, applicable interest rate, type of interest be it floating or fixed, loan tenure, etc.
  5. Loan disbursal
    The lender disburses the loan amount to your account as per the agreement. Before signing the loan agreement, the applicant should double-check the interest rate, interest type, loan tenure, EMI, and other terms and circumstances.

To sum up

With growing digitization, all of the process can be done sitting at your ease. HomeFirst’s loan application process is fully digitized from loan application process to loan disbursement in your account. Still, the nearest offline offices can be tracked here and you can visit our official website too for putting up an enquiry. HomeFirst stands with you helping you to build a home of your own.


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Your home loan will be processed in 2 steps:

  1. You receive the approval of your home loan.
  2. You sign the loan agreement papers and complete other necessary documentation. The loan amount is thereafter paid directly to the builder by Home First Finance Company.

Loan decisions are made in less than a week. You will receive an SMS on your registered mobile number as soon as we make a decision.

HomeFirst does not charge any prepayment fees. This applies to both partial and full repayments. In fact, we have a special Auto-Prepay feature to facilitate this process for you.

HomeFirst offers loan tenures between 1 year to 25 years. If you opt for a longer tenure, you can get the advantage of a lower EMI each month.

HomeFirst can provide finance up to 90% of the property value. The balance has to be arranged by you from other sources. Please note: 90% financing is only available for loans amounting to less than Rs. 30 lakhs.

All co-owners of the property have to be co-applicants to the loan. A person who is not a co-owner can also become a co-applicant to the loan.

During the construction phase, HomeFirst will disburse funds to the builder on your behalf. These will be based on payment requests made by the builder as per the construction schedule.

HomeFirst will charge interest only on the amount disbursed as loan during the construction phase. In this period, interest is charged only on the disbursed loan amount. For example, if you have a sanctioned loan of Rs 10 lakhs, but the property is under construction and we have disbursed only Rs 4 lakhs, you will be charged interest only on 4 lakhs. These interest payments are referred to as pre-EMI interest payments.

EMI payments will start only after completion of the project and registration of the property.

All cheques to HomeFirst should be written out in favor of ‘Home First Finance Company India Limited’.

In the event of an unfortunate incident, home loan insurance will help you or your family pay off the home loan. This ensures that the burden does not suddenly fall upon family members at a bad time.

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