Top 5 NBFCs Offering Home Loans with Minimal Documentation
Obtaining a home loan can be a lengthy process, especially when extensive paperwork is required. However, many Non-Banking Financial Companies (NBFCs) in India offer home loans with minimal documentation, making it easier for borrowers to secure financing without hassle. This article explores the top 5 NBFCs providing home loans with simplified documentation requirements.
1. Bajaj Finserv Home Loans
Features:
- Loan amount up to ₹5 crore
- Quick approval and disbursal
- Flexible repayment tenure up to 30 years
- Digital loan application process
Minimal Documentation Requirements:
- KYC documents (Aadhaar, PAN, Voter ID, or Passport)
- Latest salary slips (for salaried individuals)
- Bank statements for the last 6 months
- Property documents
Why Choose Bajaj Finserv?
✅ Instant approval with minimal paperwork ✅ Attractive interest rates for salaried borrowers ✅ Online account management and pre-approved offers
2. Tata Capital Home Loans
Features:
- Loan amount up to ₹5 crore
- Customizable EMI options
- No hidden charges
- Digital application and doorstep service
Minimal Documentation Requirements:
- Basic KYC documents
- Income proof (salary slips or ITR for self-employed)
- Property documents
- Bank statements for the last 3 months
Why Choose Tata Capital?
✅ Quick processing and doorstep document collection ✅ Lower documentation for existing customers ✅ Competitive interest rates
3. PNB Housing Finance Home Loans
Features:
- Loan amount up to ₹10 crore
- Easy balance transfer options
- High loan-to-value (LTV) ratio
- Extended tenure up to 30 years
Minimal Documentation Requirements:
- Identity and address proof
- Income proof (ITR or salary slips)
- Bank statements for the last 6 months
- Property-related documents
Why Choose PNB Housing?
✅ High LTV ratio for salaried and self-employed borrowers ✅ Competitive interest rates ✅ Simplified approval process
4. LIC Housing Finance Home Loans
Features:
- Loan amount up to ₹15 crore
- Special rates for government employees
- Long repayment tenure of up to 30 years
- Flexible repayment options
Minimal Documentation Requirements:
- PAN and Aadhaar card
- Salary slips or ITR for income verification
- Property ownership documents
- Bank statements for the last 3-6 months
Why Choose LIC Housing Finance?
✅ Trusted financial institution with extensive network ✅ Low processing fees and minimal paperwork ✅ Special schemes for professionals and government employees
5.
HDFC Ltd. Home Loans
Features:
- Loan amount up to ₹10 crore
- Special rates for women borrowers
- Low processing fees
- Quick loan disbursal
Minimal Documentation Requirements:
- Identity and residence proof
- Income proof (salary slips or ITR)
- Bank statements for the last 6 months
- Property documents
Why Choose HDFC Ltd.?
✅ Competitive interest rates with minimal paperwork ✅ Digital loan application process ✅ Special discounts for salaried professionals
Final Verdict: Which NBFC is Best for You?
- Choose Bajaj Finserv if you need an instant loan with minimal documentation and digital services.
- Choose Tata Capital for doorstep services and lower documentation requirements.
- Choose PNB Housing Finance for higher LTV ratios and easy approval.
- Choose LIC Housing Finance for high loan amounts and flexible repayment terms.
- Choose HDFC Ltd. for low processing fees and better rates for women borrowers.
Conclusion
If you are looking for a home loan with minimal documentation, these top NBFCs provide excellent options with quick approvals, flexible terms, and competitive interest rates. By selecting the right lender based on your financial profile, loan amount requirement, and repayment preference, you can secure a hassle-free home loan with minimal paperwork.
