Loan for i.t.returns

This discussion explores the income requirements for a home loan of Rs 4-5 lakhs, considering a 15-year term at 9% interest. To be eligible, banks typically require your EMI to be no more than half your income. This means an average annual income of at least £121,728 over the last three years is generally needed, along with IT returns for the same period, especially if your income source is a small provision store.