Home loan eligibility depends on different factors for example age, debt repayment history and income majorly. This criteria is varying with all bank, government, corporation and other entity. But, before taking loan from anywhere first need to evaluate current financial situation and determine how much money you can easily shell out every month.
- Documents require for Home loan-
- Signed Application form with a photograph
- Residence proof
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- Bank statements from the last six months
- Property documents
For salaried:
- Salary slips (last three months)
- Form 16
For- self employed:
- Income Tax Returns for the last three years with the income computation
- Balance sheet and Profit and Loss account (CA certified or audited) for the last three years