Documents required for an NRI Home Loan
Identity
- The PAN Card for both applicant & co-applicant(s)
- 2 passport-sized photographs need to be attached to the application form
Address
- An HR confirmation letter mentioning your designation, gross salary, present address, contact details and date of joining
- Work permit/CDC required
- All pages of the passport are needed for both the applicant and co-applicant(s) along with a valid work visa
Income
- Payslips for the last 3 months
- An overseas bank statement for the previous 6 months (in which salary is getting credited)
- The latest 6-month NRE/NRO bank statement
- Income tax returns for the last 2 years. (if you have been working with the same organisation for more than 2 years, then you only need to submit the income tax returns for the last year)
- Your latest credit bureau report (overseas CIBIL)
Property
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For a New Home
- Copy of the Allotment Letter
- Buyer Agreement/Copy of registered agreement/Draft agreement
- Receipt(s) of payment(s) made to the developer / Builder
-
For a Resale Property
- Title Deeds including all previous chain of the property documents/agreements
- Receipt(s) of initial payment(s) made to the seller
- Copy of the agreement to sell (if already executed)
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For a Balance Transfer/Take Over
- List of Documents (LOD): The statement from the existing lender stating the list of property documents held by them
- Photocopy of the property documents (including Own Contribution Proof).
- Sanction letter and current outstanding balance letter from your existing financial institution
The above documents are part of an indicative list. The final documents acceptable are based on DBS Bank's credit policy as applicable at the time of loan application. For more details, you can speak to your Relationship Manager (RM) or visit a DBS Bank branch near you.
Applications received without adequate documentation, as requested by DBS Bank India Limited, may face processing delays or even be rejected on a case-by-case basis.