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DOCUMENTS

The following are a few factors on which the sanctioned loan amount depends:

  • Type of borrower
  • Age of the applicant
  • The purpose of the loan
  • Nature of property
  • Income of applicant
  • Agreement value of the property to be purchased


Checklist of Documents required for Mudra Loan:

  • Fill the Loan Application
  • Proof of Identification:
    • Ration card
    • Voter’s ID card
    • Driving license
    • Passport
    • PAN card
    • Bank passbook
    • Employee ID

  • Proof of Age:
    • Birth certificate
    • 10th class marksheet
    • PAN card
    • Driving license
    • Bank passbook
    • Passport

  • Address Proof:
    • Voter’s ID
    • Ration card
    • Bank passbook or Bank account statement
    • Passport
    • Utility bill (telephone, electricity, water, gas)–less than 2 months old
    • LIC Policy Receipt
    • Letter from a recognized public authority verifying the customer’s residence address


Income Documents:

  • Salaried individuals (any one of the following):
    • Form 16
    • Certified letter from Employer
    • Pay slip (Last 2 months)
    • Increment or Promotion letter
    • IT returns (for 3 years)
    • Residence Proof – Passport, postpaid bill, water bill, gas bill
    • ID/ Age Proof - PAN Card/ Passport/ Signature Proof/ Aadhar Card and


Apart from the proof of income of the salaried individual, he would also have to furnish any investment proofs (like fixed deposits, shares, etc) and his passport-size photographs.

  • Self Employed or businessman (any one of the following):
    • Last 3 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
    • Last 2 years Balance Sheet and Profit & Loss account of the firm- duly attested by a Chartered Accountant
    • Proof of Business - Shop and Establishment Certificate, Vat Registration Certificate/ Service Tax Certificate.
    • Business profile on the letterhead of the company.
    • 1 photograph


  • Apart from these, a self-employed individual also has to submit:
    • A brief introduction of his profession/business
    • Passport size photographs
    • Photocopy of Registration Certificate of establishment under Shops and Establishments Act/Factories Act
    • Photocopy of Registration Certificate for deduction of Profession Tax
    • Proof of investments
    • Certificate of Practice
    • Receipts of advance tax payments (if any )


Property Documents:

  • Sale deed, agreement of sale with the builder (original copy)
  • Land and building tax paid receipts, location sketch of the property certified by the revenue authorities, possession certificate
  • Letter of allotment given by the Housing Board/Society/Private builder
  • Original receipts of the advance payments that are made towards the purchase of flat
  • An approved copy of the building plan (key plan/floor plan in case of purchase of flats)
  • Original of the land tax paid receipt and possession certificate as issued by the revenue authority
  • Original No objection certificate (NOC) from the housing society or builder
  • Detailed estimate of the cost of construction of house
  • Letter from the builder/society/housing board, stating their account number and name of their bankers for the remittance of installments