Home Loan Checklist for First-Time Buyers
A home loan is likely the biggest financial commitment you'll make. Being prepared speeds up approval and can help you get a better rate.
Documents you'll typically need
- PAN card, Aadhaar and address proof
- Last 3–6 months' salary slips and bank statements
- Form 16 / ITRs for the last 2 years (3 years if self-employed)
- Property documents: sale agreement, approved plan and RERA details
Tips to improve eligibility
- Keep your credit score above 750 by paying EMIs and card bills on time.
- Close small outstanding loans before applying.
- Add an earning co-applicant to increase your eligible amount.
- Compare offers from several lenders, including processing fees.
Tax benefits
Under current Indian tax rules you may be able to claim deductions on principal and interest repayments. Tax laws change, so confirm the details with your tax advisor.
Our team can connect you with partner banks for quick pre-approval.