home loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 July 2010
How to calculate amount of home loan based on salary. What is the basis for calculation of loan amount?
Generally, banks calculate loan amount eligible to get based on previous 3 years income tax returns. SO if income tax returns are not submitted what is basis in that case?
is it on the basis of salary slip?
Generally, banks calculate loan amount eligible to get based on previous 3 years income tax returns. SO if income tax returns are not submitted what is basis in that case?
is it on the basis of salary slip?
Murtaza I Bhagat
(Expert)
26 July 2010
Dear friend,
Home loan granting policies are different from bank to bank but its compulsory required IT return of 3 yrs. or min. 2 yrs. as per bank requirements..
if you are a salaried employee bank will give you loan on salary slip or Certificate. In case of Govt. Salary employee,govt. salaried employee salaries are direct deposited in their nationalized banks A/c...
So, its easy to convensed Bank Manger for Home Loan on Form 16 or Salary Slip.
About Calc. ask manager to explain how much I am Qualify to received loan...?
Home loan granting policies are different from bank to bank but its compulsory required IT return of 3 yrs. or min. 2 yrs. as per bank requirements..
if you are a salaried employee bank will give you loan on salary slip or Certificate. In case of Govt. Salary employee,govt. salaried employee salaries are direct deposited in their nationalized banks A/c...
So, its easy to convensed Bank Manger for Home Loan on Form 16 or Salary Slip.
About Calc. ask manager to explain how much I am Qualify to received loan...?
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