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Loan for i.t.returns
Assess want a home loan Rs:4 to 5 lacs after 3 years.assess how much income show in itr . source of income small provision stores.
Replies (2)
As per actual income
Loan Rs. 5L
interest 9%
term 15 years
EMI Rs. 5072
generally banks do not fix EMI over half of your income
so to be eligible for a loan with the above stated criteria the average annual income of the borrower for last three consecutive years should not be less than Rs.121728.00.
also ITRs for three years is required for loan purposes
interest 9%
term 15 years
EMI Rs. 5072
generally banks do not fix EMI over half of your income
so to be eligible for a loan with the above stated criteria the average annual income of the borrower for last three consecutive years should not be less than Rs.121728.00.
also ITRs for three years is required for loan purposes
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