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Loan

Nishikant (Jalna) (298 Points)

15 October 2017

I need 7 Lac rs on the basis of ITR then how much income I required to show for it?

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7 Replies

Ashiwini Ballodia (Managing Partner at TAXounting) (8727 Points)
Replied 15 October 2017

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

Nishikant (Jalna) (298 Points)
Replied 15 October 2017

Thank u sir.. but bank can bank want ITR for loan or salary certificates?

Nishikant (Jalna) (298 Points)
Replied 15 October 2017

Thank u sir.. but bank can bank want ITR for loan or salary certificates?

Nishikant (Jalna) (298 Points)
Replied 15 October 2017

Thank u sir.. but bank can bank want ITR for loan or salary certificates?

Ashiwini Ballodia (Managing Partner at TAXounting) (8727 Points)
Replied 15 October 2017

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

Law Aspire (CS) (755 Points)
Replied 23 October 2017

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