How to improve Home Loan eligibility?

There are several ways to improve your Home Loan eligibility: - Maintaining a credit score higher than 750 is recommended since lenders typically offer more favourable terms to applicants with an ideal score of 750+ - Adding a financial co-applicant to your Home Loan can reduce your monthly payout and improve your Home Loan eligibility - Repay your outstanding loans and debts to maintain a healthy financial background and expand your existing repayment capacity - Declare any additional sources of income that you may have, as this will increase your financial capability

Will I be eligible for a Home Loan if I have a low credit score?

A score below 675 is typically considered to be low. Applicants with a low credit score can find it difficult to get approved for a Home Loan because lenders tend to approve loans for applicants who show the capacity to make payments without defaulting. However, having a low credit score is not the end of one’s Home Loan borrowing journey. Consider improving your Home Loan eligibility before applying for a Home Loan to enjoy competitive terms.

How will my Home Loan eligibility be determined?

There are several factors that determine the eligibility for a Home Loan: Applicants' Age: Younger candidates are considered more suitable for a Home Loan as they are more likely to sustain the EMI payments across a 32-year repayment tenure. Employment Type: The type of employment also affects the eligibility requirements for a Home Loan. Monthly Income: Income from either a salary or a business to determine your repayment ability. Credit Score (CIBIL Score): Lenders assess your credit score to determine your prior repayment experiences. Existing Financial Obligations: Lenders assess your ongoing financial obligations, to see if you can accommodate a new EMI responsibility. Loan-to-Value Ratio (LTV): LTV is the maximum amount of loan a lender can sanction based on the property’s current market value.

Can I get a Home Loan with no documents?

No, you cannot avail of a loan without submitting your documents. Document verification is an important stage in the processing of a Home Loan. It determines whether the aspiring borrower is eligible for a Home Loan. Since it is a huge undertaking, lenders prefer mitigating the risk of lending loans by carefully verifying the documents produced by the borrower. This way they ensure whether the borrower will be able to repay the Home Loan.

What are the documents required for a housing loan?

The list of documents required for a housing loan are: - KYC documents (address and identity proofs such as Aadhaar Card and Utility Bills) - Mandatory documents (PAN Card/Form 60) - Recent photographs - Form 16 and/or latest salary slips for salaried individuals/ITR document and P&L statements for self-employed individuals - Bank account statements for the last 6 months - Document for proof of business, with minimum 3 years’ vintage (for businessmen/self-employed individuals only)

List of Documents Required for Home Loan in 2026 & Eligibility Criteria

Q: How to check Home Loan eligibility based on salary?

When you are applying for a Home Loan, your salary can be one of the major aspects of eligibility. Even if you have a high income, substantial financial obligations can increase your debt-to-income ratio, which is another factor that lenders will inspect. The following factors are taken into account when determining income eligibility: - Net monthly income - Financial obligations - Any other surplus income from other sources You can choose to use our housing loan eligibility calculator to better understand your Home Loan eligibility based on salary.

Applying for a Home Loan is an important step towards owning your dream home. Along with planning your finances, keeping the required documents ready is equally important, as lenders use them to verify your identity, income, repayment capacity, and property details. Understanding the Home Loan documents required in advance can help speed up the application process and reduce unnecessary delays during loan processing.

Why Documentation is Important for Home Loans

Home Loan documentation mainly serves the following purposes:

Identity Verification KYC and address-related documents help verify the applicant’s identity and residential details submitted during the loan application process
Credit Assessment Income proof, bank statements, and financial records to assess repayment capacity and determine the loan amount the borrower may be eligible for
Property Verification Property-related documents are verified to confirm clear ownership, legal compliance, and approved construction status to avoid legal or financial risks

List of Home Loan Documents for Salaried Applicants

1. Completed and signed Home Loan application form

2. Mandatory Document

PAN Card or Form 97 (if the applicant does not have a PAN Card)
(Note: PAN Card is mandatory for financial applicants/ co applicants)

3. Proof of Identity (any one of the below officially valid documents):

Valid Indian Passport
Driving Licence
Election/Voter’s Identity Card issued by the Election Commission of India
Job Card issued under NREGA, duly signed by an officer of the State Government
Letter issued by the National Population Register containing the name, address, and photograph of the cardholder
Proof of possession of Aadhaar Number (to be obtained voluntarily)

4. Proof of Current Residence (any one of the below officially valid documents):

Valid Indian Passport
Driving Licence
Election/Voter’s Identity Card issued by Election Commission of India
Job Card issued under NREGA, duly signed by an officer of the State Government
Letter issued by the National Population Register containing the name, address, and photograph of the cardholder
Proof of possession of Aadhaar Number (to be obtained voluntarily)

5. Date of Birth (DOB) Proof (any one of the below):

Passport
PAN Card
Driving Licence
Election/Voter’s Identity Card issued by the Election Commission of India
Job Card issued under NREGA, duly signed by an officer of the State Government
Letter issued by the National Population Register (NPR) containing name and address
Aadhaar Card (to be obtained voluntarily)
Birth Certificate

6. Proof of Income:

Last 3 months' salary slips
Last 12 months' bank statements (consent to fetch banking from account aggregator) showing salary credits
Bonus pay slip along with bank credits
Employment Contract/Appointment Letter in case current employment is less than a year old

7. Other Documents:

Passport-size photographs of all applicants and co-applicants.
Own contribution proof.
Bank statements of the last 6 months showing repayment of loans

8. Property Documents:

Fresh Property Purchase:

Copy of Allotment Letter or Buyer’s Agreement
Cost Sheet issued by the developer
Receipts of initial payments made to the developer

Resale Property Purchase:

Title Deeds including previous chain of the property documents
Receipt(s) of initial payment(s) made to the seller
Copy of Sale Agreement (if already executed)/Draft Sale Deed

Self-Construction

Title Deeds including previous chain of the property documents
Construction estimate by an architect or civil engineer
Copy of Plans, approved by local authorities
Proof of no encumbrances on the property

Note: Additional documents may be requested at the time of loan processing.

List of Home Loan Documents for Self-Employed Applicants

1. Completed and signed Home Loan application form

2. Mandatory Document

PAN Card or Form 97 (if the applicant does not have a PAN Card)
(Note: PAN Card is mandatory for financial applicants/ co applicants)

3. Proof of Identity - Individuals (any one of the below officially valid documents):

Valid Indian Passport
Driving License
Election/Voter’s Identity Card issued by the Election Commission of India
Job Card issued under NREGA, duly signed by an officer of the State Government
Letter issued by the National Population Register containing the name, address, and photograph of the cardholder
Proof of possession of Aadhaar Number (to be obtained voluntarily)

4. Proof of Identity - Non-Individuals (any one of the below):

Udyam Registration Certificate (URC) issued by the Government
Complete Income Tax Returns duly authenticated/acknowledged by the income tax authorities
GST Certificate/Registration document issued by Sales/Service/Professional Tax authorities
Utility bills such as electricity, water, landline telephone bills, gas, etc. in the name of the entity

5. Proof of Current Residence - Individuals (any one of the below officially valid documents):

Valid Indian Passport
Driving Licence
Election/Voter’s Identity Card issued by the Election Commission of India
Job Card issued under NREGA, duly signed by an officer of the State Government
Letter issued by the National Population Register (NPR) containing name and address
Proof of possession of Aadhaar Number (to be obtained voluntarily)

6. Proof of Address - Non-Individuals (any one of the below):

Udyam Registration Certificate
Business Registration Certificate
GST Certificate
Gumasta Licence (Shop Act Licence for Maharashtra)
Utility bills
Income Tax Returns (ITR)
Rent Agreement with utility bill not older than 60 days

7. Date of Birth (DOB) Proof – Individuals (Any one of the below)

Passport
PAN Card
Driving Licence
Election/Voter’s Identity Card issued by the Election Commission of India
Job Card issued under NREGA, duly signed by an officer of the State Government
Letter issued by the National Population Register (NPR) containing name and address
Aadhaar Card (to be obtained voluntarily)
Birth Certificate

8. Proof of Income

Consent to fetch the financials from the Income Tax & GST Portal of all the financial applicants
Last 12 months' bank statement of primary business accounts & savings accounts (preferably account aggregator)

9. Additional Documents

Additional documents will be required for the entities below:

Partnership Firm: Partnership Deed
Limited Liability Partnership: LLP Agreement and Certificate of Incorporation, List of designated partners and latest profit-sharing ratio certified by CA/CS
Public & Private Limited Co. (even with only 1 Director): Certificate of Incorporation, Memorandum of Association (MOA), Articles of Association (AOA), and the latest CA/CS-certified list of Directors and Shareholders with name, date of birth, nationality, and address
Trust: Trust Deed with the Registration Certificate, list of all beneficiaries, trustees, settlor(s), protector(s), and author(s) of the trust containing name and date of birth
Society: Byelaws/Memorandum of a Society with Registration Certificate, list of members with name, address, and date of birth
Authorised signatory along with KYC & Relationship Segment details in case of Private/Public Limited Companies/Limited Liability Partnerships/Partnership Firms/Trust/Society
List of Directors & Senior Management details in case of Private/Public Limited Companies
Legal Entity Identifier (LEI) Certificate of non-individual borrower having banking system exposure of Rs.5 Crore and above
Passport-size photographs of all applicants and co-applicants
Own contribution proof
Bank statements of the last 6 months showing repayment of loans
Cheque for processing fee towards the Home Loan provider

Additional documents for Self-Employed Professionals:

Qualification documents (Degree certificate) from a recognised institution
Registration Certificate from the State Medical Council for MBBS or higher education
Chartered Accountant (CA) – Certificate of Practice (COP)

10. Property Documents:

Fresh Property Purchase:

Copy of Allotment Letter or Buyer’s Agreement
Receipts of initial payments made to the developer

Resale Property Purchase:

Title Deeds including previous chain of the property documents
Receipt(s) of initial payment(s) made to the seller
Copy of Sale Agreement (if already executed)/Draft Sale Deed

Self-Construction:

Title Deeds including previous chain of the property documents
Construction estimate by an architect or civil engineer
Copy of Plans, approved by local authorities
Proof of no encumbrances on the property

Note: Additional documents may be requested at the time of loan processing.

List of Documents Required for NRIs

Non-Resident Indian (NRI), Person of Indian Origin (PIO), Overseas Citizen of India (OCI), or an individual serving in the Merchant Navy who wishes to apply for a housing loan with Bajaj Housing Finance, need to keep the following documents*** ready:

KYC Documents: Proof of identity, address, and date of birth, along with your PAN Card, which is mandatory
PIO/OCI Proof: A valid PIO or OCI Card, if applicable
Employment Proof: Documents such as a valid Visa, work permit, Employer ID Card, and Appointment Letter from your current organisation
Income Proof: Your latest 3 months’ salary slips or salary certificate, bank statements for the last 6 months, and tax return copies for the previous 2 years (if available)
Photographs: A set of recent passport-sized photos

***This list is indicative. Additional documents may be required at the time of loan processing.

How to Organise Your Home Loan List of Documents

Keeping your documents prepared in advance can speed up the application and verification process. Before submitting your documents, ensure that records such as salary slips and bank statements are recent and up to date. Keep original documents handy, too, for verification during the loan process.

Home Loan Eligibility Criteria

To apply for a housing loan with us, you need to meet our eligibility criteria, which include parameters such as age, income, employment type, credit score, and property value.

Whether you are a salaried or self-employed applicant, our eligibility criteria are easy to meet. Before applying for a loan, you can check your Home Loan eligibility with the help of our Home Loan Eligibility Calculator.

Refer to the table below for our Home Loan eligibility criteria for salaried and self-employed applicants:

Salaried Individuals	Self-Employed Individuals
The applicant must be employed with a stable source of salaried income from a public, private or a multinational company with a minimum 3 years of work experience	The applicant must be self-employed with a business continuity of over 3 years in the current enterprise
He/she must be between 23 and 67 years** of age	He/she must be between 25 and 70 years** of age
He/she must be an Indian (including NRIs)	He/she must be an Indian (resident only)

Note that the Home Loan eligibility requirements are indicative and can include additional criteria.

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Professionals, namely doctors and chartered accountants, can also apply for a housing loan for a competitive offer. While all criteria remain the same as stated above, professional applicants must also meet additional qualification criteria. Doctors must hold an MBBS or a subsequent higher degree, and CAs must have a valid COP.

Note: In the case of professionals, the years of experience are counted post qualification.

Home Loan Documents: Common Mistakes to Avoid

Let us go over some common errors that should be avoided when organising documents for a Home Loan:

Preparing Incomplete Documentation

Your Home Loan verification may slow down if you submit incomplete documents. It is advisable to go through the checklist of required documents and review it carefully before submission. Keeping an organised folder of financial and identity records ensures the process moves ahead without delays.

Providing Outdated or Incorrect Information

Old address proofs, expired ID cards, or outdated income statements can also cause delays in Home Loan approval. Ensure all proofs are current and consistent. Double-check spellings, numbers, and dates to match across all documents.

Mismatched Details Across Documents

Mismatches in property or personal details can delay verification. Review all documents thoroughly and update discrepancies before submission.

Factors Affecting Home Loan Eligibility

The Home Loan eligibility of an individual depends on various factors. These include:

1. Applicant Age

An individual’s age determines a suitable tenure for the Home Loan. Applicants at the early stage of their career can conveniently avail of the loan for an extended tenure due to their repayment potential for a long term, as compared to those who are nearing their retirement. Thus, age is a criterion taken into consideration when assessing eligibility.

2. Credit Profile and Score

An applicant’s credit profile and score play a key role in determining their creditworthiness and Home Loan eligibility. Individuals with a high credit score and a healthy credit profile stand a better chance of securing a quick Home Loan approval.

3. Employment Status/Business Stability

An applicant’s income stability is assessed based on their profile. Employment of 3+ years for salaried applicants demonstrates income stability and an increased propensity for timely repayment.

Similarly, a self-employed individual with a current business vintage of 3+ years and stable income stands a better chance of securing a Home Loan at competitive terms.

4. FOIR

Fixed Obligation to Income Ratio, or FOIR, is a measure of an applicant’s repayment capacity. It is calculated as a percentage of one’s monthly income against the fixed monthly liabilities, such as EMIs and rent. FOIR contributes to the overall housing loan eligibility, and a lower FOIR can enhance your chances for a quicker sanction.

How to Apply for a Home Loan?

To apply for a Home Loan with Bajaj Housing Finance, follow these simple steps:

Go to our housing loan application form.
Enter your personal details, such as your name and mobile number, and select your employment type.
Choose the loan type you wish to avail of. Then, enter your net monthly income.
Enter your residential PIN code and the loan amount you wish to borrow.
Click ‘Generate OTP’ and enter it in the respective field. After entering the OTP, click ‘Proceed'.
Provide all the required financial and property-related information based on your employment type.
Click ‘Submit’ to complete the application form.

Once we receive your housing loan application, our representative will get in touch with you within 24 hours* to walk you through the next steps.

*Terms and conditions apply

Frequently Asked Questions

When applying for a Home Loan, your salary can be one of the major aspects of eligibility. Even if you have a high income, substantial financial obligations can increase your debt-to-income ratio—a key factor that is assessed while determining your eligibility.

The following factors are taken into account when determining income eligibility:

Net monthly income
Financial obligations
Any other surplus income from other sources

You can choose to use our housing loan eligibility calculator to better understand your Home Loan eligibility based on salary.

To improve your Home Loan eligibility:

Maintain a good credit score to secure favourable Home Loan terms
Add a financial co-applicant to your Home Loan to improve your Home Loan eligibility
Repay your outstanding loans and debts to maintain a healthy financial profile and improve your repayment capacity
Declare any additional sources of income that you may have to increase your eligibility

The eligibility for a joint Home Loan depends upon the applicant’s relationship with the co-applicant. Any co-applicant who is directly related to the primary applicant can be eligible, with certain considerations. Spouses are a common choice when it comes to availing of a joint Home Loan.

Note that all co-owners of a property are co-applicants on a Home Loan application. However, all co-applicants are not necessarily co-owners.

A score below 675 is typically considered low. Applicants with a low credit score may find it difficult to get approved for a loan or may secure less favourable terms. Consider strengthening your Home Loan eligibility before applying, and improve your credit profile to secure more favourable terms.

There are several factors that determine the eligibility for a Home Loan:

Applicants' Age: Younger applicants may secure Home Loans with longer tenures, resulting in lower and manageable EMIs
Employment Type: The type of employment also affects the eligibility requirements for a Home Loan
Monthly Income: Income from either a salary or a business is assessed to determine your repayment ability
Credit Score (CIBIL Score): Your credit score is assessed to determine your creditworthiness.
Existing Financial Obligations: Your ongoing financial obligations, such as existing loans, credit card debts, and monthly expenses, can affect your Home Loan eligibility
Loan-to-Value Ratio (LTV): LTV is the maximum amount of loan you can avail of based on the property’s current market value

No, you cannot avail of a loan without submitting the required documents. Document verification is an essential stage in the Home Loan process, as it helps assess your eligibility. Since a Home Loan is a significant financial commitment, submitting accurate and complete documents supports a smooth evaluation of your profile.

The list of documents required for a housing loan are:

KYC documents (address and identity proofs such as Aadhaar Card and Utility Bills)
Mandatory documents (PAN Card/Form 97)
Recent photographs
Form 130 and/or latest salary slips for salaried individuals/ITR document and P&L statements for self-employed individuals
Bank account statements for the last 6 months
Document for proof of business, with minimum 3 years’ vintage (for businessmen/self-employed individuals only)

Note: This list is indicative. We may require additional documents for verification.

Bajaj Housing Finance Home Loans come with a swift document verification process. You can visit our branch and submit your documents or avail of our doorstep document pick-up facility. You can also submit the documents online by opting for our DIY Home Loan. Post submission, your documents will be verified by us.