i need 5 lakhs housing loan. Total income for the AY 2009-10 is 2,13,000 & AY for 2010-11 is 2,25,000. i didnt file return for AY 2011-12. how much income required to get 5 lakhs housing loan.?
2 Replies
Mihir
(Wealth Manager)
(5293 Points)
Replied 11 July 2011
You are eligible for a housing loan for 5 lacs but non-filing of IT return might be an issue. But, your salary slip might be sufficient.
Kunal Parakh
(.)
(364 Points)
Replied 11 July 2011
for a Rs 5 lakh Loan..... you would need atleast a 1.1 Lakh of annual income if ur Loan term is 20 years
Generally Bank consider 50 % of income for ur neccessity and remaining 50% for payment of Home Loan interest.....
depending upon ur term...... the income shall be decided
but ur income is sufficient for a 5 lakh loan....and moreover u got to file ur 11-12 return
Recent Topics
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
