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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2013
Hai, on what bases the banks are shortlisting the application for home loan with the income of applicant shown, how much percent the bank will pay as a loan on average of 3years income
10 July 2013
Every bank has different criteria for giving loans as per their internal policies and subject to rbi's guidelines over this issue.
In general they will check ur status as a taxpayer, ur past banking tranaction, ur deposits, sources of income, security u provide,its market value,guarntor or ur loan, his background etc other rhen ur income of past 3-5 years, the assets u own solely in ur name etc.
In general they will check ur status as a taxpayer, ur past banking tranaction, ur deposits, sources of income, security u provide,its market value,guarntor or ur loan, his background etc other rhen ur income of past 3-5 years, the assets u own solely in ur name etc.
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2013
Hai the exact details i want is if a person goes for a loan of Rs 1000000/- then how much his net income to be shown for the three years in the incometax
11 July 2013
agreed to expert
every bank has their different calculation. basic things are net income,source of fund, assets, other loan liabilities etc etc,
they also want to know what they (property) received while giving loan to a person is more than loan value.
so it is better to go to bank and give them last three years of your income statements and property paper and ask them how much you can give me as home loan.
every bank has their different calculation. basic things are net income,source of fund, assets, other loan liabilities etc etc,
they also want to know what they (property) received while giving loan to a person is more than loan value.
so it is better to go to bank and give them last three years of your income statements and property paper and ask them how much you can give me as home loan.
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