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Documents Required for Loan Against Property

 

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Below is the list of documents required for a Mortgage Loan based on profile:

Individuals:

 

  • Proof of identity and proof of address of Individuals: Aadhaar/Passport/Driving License/Voter ID/National Rural Employment Guarantee Act (NREGA) Card/Letter from the National Population Register (NPR) containing details of your name and address.


  • DOB Proof: Passport or Driving License or Voter ID or NREGA Card or Letter from the NPR containing details of your name and address.

 

Non-Individuals (Entity):

 

  • Proof of identity: Registration Certificate including Udyam Registration Certificate (URC) issued by the Government/Certificate/License issued by the municipal authorities under Shop and Establishment Act/Sales and income tax returns or CST or VAT or GST Certificate/Certificate/Registration document issued by Sales Tax/Service Tax/Professional Tax authorities/ IEC (Importer Exporter Code) issued to the proprietary concern by the office of the Directorate General of Foreign Trade (DGFT)/License/Certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute/Complete Income Tax Returns (not just the acknowledgement) in the name of the Sole Proprietor where the firm's income is reflecting, duly authenticated/acknowledged by the Income Tax authorities/Utility bills such as electricity, water, landline telephone bills etc.

 

Note: For sole proprietorship concerns, any of the above-mentioned two documents are required.

 

  • Proof of address: GST Certificate/Business Registration Certificate/Gumasta License/Udyam Registration Certificate/Bank statement (not to be considered for entity proof)/Utility Bill/ITR/Rent Agreement with utility bill within 2 months.

 

Note: If the registered address and permanent address of the entity are different – proof is required in both cases.

 

Apart from the above-mentioned document, additional documents will be required for the below entities:

 

  • Partnership Firm: Partnership Deed


  • Limited Liability Partnership: LLP Agreement and Certificate of Incorporation, List of designated partners and latest profit-sharing ratio certified by a Chartered Accountant (CA)/Company Secretary (CS)


  • Public and Private Limited Co. (Even if there is only 1 director): Certificate of Incorporation, Memorandum of Association (MOA) and Articles of Association (AOA), CA/CS certified latest list of Directors and Shareholders with their names, date of birth, nationality and address


  • Trust: Trust Deed with Registration Certificate, list of all beneficiaries, trustees, settlors, protectors and authors of the trust, containing their names and Date of Birth


  • Society: By-laws/Memorandum of a Society with Registration Certificate, list of members with their names, address and Date of Birth


  • HUF: List of Adult Coparceners (Joint Heirs) attested by the Karta (Head of the family)


  • Authorised signatory along with KYC and Relationship Segment details in case of Private or Public Limited Companies or Limited Liability Partnerships or Partnership Firms or Trust or Society


  • List of Directors and Senior Management details in case of Private/Public Limited Companies


  • Legal Entity Identifier (LEI) Certificate of non-individual borrowers having a banking system exposure of ₹5 crore and above.


Beneficial owner details along with KYC Documents as below:

  • In case of Company/Partnership Firms/Limited Liability Partnership, more than 10% of shares or capital or profit of the company 


  • In case of Unincorporated Association or Body of Person/Individual, more than 15% of capital/profit of the company


  • In case of author of the trust, the trustee, the beneficiaries with 10% and more interest in the trust.


Documents Required for a Mortgage Loan based on Employment:

Income Proof:

 Salaried:

  • Latest Form 16

  • Latest one-month salary slip

  • Bank statements of the last 6 months.

 

 Self-Employed

  • Last 6 months’ Bank statements of all operative accounts

  • Last 2 years CA Certified/Audited Income Tax Returns (ITR), computation of income, Profit and loss account statement and balance sheet

  • GST returns of the last 1 year.

 

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

FAQs

Is income proof required for applying for a Loan Against Property?

Yes, ICICI Bank asks for income proof when you apply for a Loan Against Property. It helps the bank verify your income stability. The common documents required as income proof are salary slips, bank statements or IT Returns.

Can I get a Loan Against Property without property documents?

No, it is not possible to get a Loan Against Property without supplying the property documents since these are mandatory. Banks need them to verify ownership and legal status before approving the loan. Without documents like sale deeds, registration papers or tax receipts, banks cannot assess your application.

What proof of residence is required for salaried applicants?

Applicants may submit Aadhaar/Passport/Driving License/Voter ID/National Rural Employment Guarantee Act (NREGA) Card/Letter from the National Population Register (NPR) containing details of their name and address for a Loan Against Property.

What proof of identity must be submitted?

Valid identity proof such as PAN, Aadhaar, passport or driving licence, is required for mortgage loan documentation. Additional documents may be required on a case-by-case basis.

What documents are required for mortgage loan for business entities?

Business entities may submit the following documents: 

Identity Proof: Registration Certificate including Udyam Registration Certificate (URC) issued by the Government/Certificate/License issued by the municipal authorities under Shop and Establishment Act/Sales and Income Tax returns/CST/VAT/GST Certificate/Certificate/Registration document issued by Sales Tax/Service Tax/Professional Tax authorities/ IEC (Importer Exporter Code) issued to the proprietary concern by the office of the Directorate General of Foreign Trade (DGFT)/License/Certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute/Complete Income Tax Returns (not just the acknowledgement) in the name of the Sole Proprietor where the firm's income is reflecting, duly authenticated/acknowledged by the Income Tax authorities/Utility bills such as electricity, water, landline telephone bills etc.

Note: For sole proprietorship concerns, any of the above-mentioned two documents are required. 

 

Address Proof: GST Certificate/Business Registration Certificate/Gumastaa License/Udhyam Registration Certificate/Bank statement (not to be considered for entity proof)/Utility Bill/ITR/Rent Agreement with utility bill within 2 months. 

Note: If the registered address and permanent address of the entity are different – proof is required in both cases. 

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