An account on self employed home loan

home loan, loansIndia being the land of entrepreneurs has left their footsteps in every field with the ingredients to dominate the world. Why to fight so hard just to build your dream home when you dare enough to be self-employed. The basic eligibility essentials for opting for a home loan is that you must have a basic annual income of at least 3000 dollars & be inside of the age group of 23 to 58 years. You must be well equipped with your residential and identity proof, and proof of your business existence and educational qualification

The bank as a lender will always keep notice on your last three years business records licensed by a chartered accountant, photocopies of registration certificate, your shop or factory of advance tax payments, bank statement of your current and savings account of last six months, any LIC policy and even copy of investments for FD, shares or fixed assets. There are certain other steps you need to follow to get your work done, but the only golden rule to keep track is don’t spend more than you can actually manage. Never borrow an amount which is beyond your level of comfort.

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