Loan

I need 7 Lac rs on the basis of ITR then how much income I required to show for it?
Replies (7)
Normally 1000 EMI comes for loan of 100000
Bank normally give 40% of the monthly salary as loan
So if you salary is 10000 p.m than bank can give you loan of Rs 4 Lakhs
Thank u sir.. but bank can bank want ITR for loan or salary certificates?
Thank u sir.. but bank can bank want ITR for loan or salary certificates?
Thank u sir.. but bank can bank want ITR for loan or salary certificates?
The document you have to provide to bank.
Bank normally ask for ITR of last 3 years + Salary Receipt + Bank Statement in which salary has been credited
Originally posted by : Ashiwini Ballodia
Normally 1000 EMI comes for loan of 100000Bank normally give 40% of the monthly salary as loanSo if you salary is 10000 p.m than bank can give you loan of Rs 4 Lakhs

40% of salary, then yearly it will mean  upto 36000  Rs. Bank can give.
on 10000 Rs. Monthly salary

@ Law Aspire can't understand you query

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