Bank audit
This query is : Resolved
04 September 2013
In case of housing Loan how can we check the sanction amount of loan by assesses annual income? or If assesses is not a tax payer can bank give to him housing loan?
CMA Ramesh Krishnan
(Expert)
04 September 2013
Incase salaried person. you can check the form 16 or salary pay slip with bank statements
Incase non salary - need to check the p&l and balance sheet
Incase non salary - need to check the p&l and balance sheet
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04 September 2013
sir i mean bank can pass loan only up to specified limit on base of his income .how they exactly determine this.
CMA Ramesh Krishnan
(Expert)
04 September 2013
basically home loan will be sanctioned for the percentage of house value or borrower monthly income multiplied by number of months which specified by the bank home loan policy. so check this 2 details with bank loan policy
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