Income documents like salary slips, bank statements, ITR records are required when you apply for a home loan. Your income documents are used to determine how authentic your source of income is, and that you are financially capable to repay the home loan amount. Although income documents cannot directly reduce your housing loan EMI, a good and stable income can get you lower rates of interest. That in turn reduces the interest component of your EMI, lowering your overall monthly instalment.Visit our documents required for home loan  page to know more.