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Home loans

Owning a home is a dream for every family, but arranging the right home loan is often the biggest challenge. At BookMyBuilder, we make this process easy, transparent, and stress-free by guiding you from application to disbursal. With 7+ years of expertise in real estate and finance, we help you choose the best bank, lowest interest rates, and customized EMI plan.

Home Loan Documents Checklist - Based on profile

1. For Salaried / Job Professionals

Identity & Address Proof (Any one each):

Aadhaar Card / Passport / Voter ID / Driving License

Utility Bill / Rent Agreement (recent)


Income Proof :

Latest 1 month Salary Slip

Form 16 (last 2 years preferred)

Last 6 months Bank Statements


Other Documents :

PAN Card (mandatory)

Passport-size Photographs

Date of Birth Proof (Passport / DL / Voter ID)

 

2. For Self-Employed / Business Owners

Identity & Address Proof :

Aadhaar Card / Passport / Voter ID / Driving License

GST Certificate / Business Registration / Utility Bill


Income Proof :

Last 2 years ITR with:

Computation of Income

Balance Sheet

Profit & Loss Statement (CA certified)

Last 6 months Bank Statements

Last 1 year GST Returns

Other Documents :

PAN Card (mandatory)

Passport-size Photographs

3. For Partnership Firm

Partnership Deed

Registration Certificate (if available)

PAN Card of Firm & Partners

Partners’ KYC (ID & Address Proof)

Latest 2 years ITR of Firm with Balance Sheet & P&L

4. For LLP (Limited Liability Partnership)

LLP Agreement

Certificate of Incorporation

List of Partners & Profit-Sharing Ratio (CA/CS certified)

PAN Card of LLP & Partners

Partners’ KYC (ID & Address Proof)

Latest 2 years ITR + Balance Sheet & P&L

5. For Private / Public Limited Company

Certificate of Incorporation

Memorandum of Association (MOA) & Articles of Association (AOA)

List of Directors & Shareholders (CA/CS certified with KYC & Address)

PAN Card of Company

Latest 2 years ITR with Balance Sheet & P&L

 6. For Trust

Trust Deed & Registration Certificate

List of Trustees, Settlors, Beneficiaries with DOB & KYC

PAN Card of Trust

ITR of Trust (if applicable)

7. For Society

Memorandum of Society & By-Laws

Registration Certificate

List of Members with Names, Address & DOB

PAN Card of Society

8. For HUF (Hindu Undivided Family)

PAN Card of HUF

List of Adult Coparceners (Joint Heirs) attested by Karta

Karta’s ID & Address Proof

HUF Bank Account Proof

Latest ITR of HUF

9. For NRIs (Non-Resident Indians)

Identity & Address Proof:

Valid Passport / OCI / PIO Card

Overseas Address Proof (Utility Bill / Driving License / Bank Statement)

Income Proof :

Last 6 months’ Overseas Bank Statements

Salary Slips / Employment Contract OR

ITR (if self-employed abroad)

Other Documents :

PAN Card (mandatory in India)

Passport-size Photographs

Power of Attorney (POA) in India (attested at Indian Embassy)

Common for All Applicants

Sale Agreement / Allotment Letter (for under-construction property)

Title Deed / Mother Deed (ownership proof)

Encumbrance Certificate (EC)

Approved Building Plan from authority

Latest Property Tax Receipts

Occupancy / Completion Certificate ( if applicable )

Disclaimer - This is an indicative list only. Additional documents may be required for a case-to-case basis.

 

Home Loans

Rent or Home Loan which is better ? The below table is showing a clear comparison between Living on Rent & Taking Loan and paying same amount as EMI.

 

Particular Living on rent Owning a house with Loan EMI
Monthly Payment

Rent 15,000 For 20 year with 10% rent amount increase after every 2 year . Total Rent Paid = 57,37,473 

 Fixed EMI of 15,000 For 20 year  = 36,00,000
Ownership No ownership , Money spent is gone Every EMI increase ownership in Property
Future security No security Permanent home, lifetime asset
Tax benefit Limited HRA , if salaried

Big Tax Saving on principal & intrest (sec 80C &24)

Long term value After 20 year = No asset After 20 year = Full Property ownership
Stability Rent Agreement keep changing Fixed EMI
Resale value Nothing Property value appriciate overtime
Mental peace Very Low Very High
 

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