How can a salaried person get a home loan?
How can a salaried person get a home loan?
Documents Required for Home Loan for Salaried
- Fully filled application which you have signed.
- Identity and residence proof (KYC), such as Aadhaar, PAN card, Voter ID card, Job card issued by NREGA etc.
- Income proof, such as last 2 months salary slip, latest Form 16, and three-month bank statement.
Is salary slip required for home loan?
Primarily, banks require proof of age, address, income, property and details of other loans for home loan sanction. Also, copy of government IDs, bank statements, salary slips, property papers etc is required. Primarily, banks require proof of age, address, income, property and details of other loans.
How much home loan can I get on my salary?
Hence, your salary will become Rs. 49,000 if you deduct these two from it. Now, the home loan amount you will be eligible for is Rs. 29.4 Lakh….How much home loan can I get on my salary?
| Net Monthly income | Home Loan Amount |
|---|---|
| Rs.25,000 | Rs.18,64,338 |
| Rs.30,000 | Rs.22,37,206 |
| Rs.40,000 | Rs.29,82,941 |
| Rs.50,000 | Rs.37,28,676 |
Which documents are required to be submitted to bank for taking home loan?
15 Must Have Documents Required for Home Loan in 2021
- Loan application form.
- 3 photographs passport sized.
- Identify proof.
- Residence proof.
- Bank Account Statement/Passbook for last 6 months.
- Signature verification by bankers of the applicant.
- Liabilities statement and Personal Assets.
- Property detailed documents.
What are the documents required for loan?
List of Documents
- Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
- Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
- Latest 3 months Bank Statement (where salary/income is credited).
- Salary slips for last 3 months.
Can I take home loan without job?
Traditionally, no matter, the type of loan you applied for, one of the critical requirements that the lenders considered is your job as it assures the lenders that you have the income to repay the borrowed amount. Today, however, many lenders in India offer personal loans even if you don’t have a stable job.
Can I get home loan with 15000 salary?
Here taking a salary as ₹ 30k, & without any fixed monthly obligation, you can pay a maximum of ₹ 15,000 as EMI considering 50\% FOIR. If the interest rate is 10\% per annum, the loan amount eligibility can be arrived at ₹ 17,09,806 using a home loan eligibility calculator (assuming 3 household members).