If you do not get a job then you will get a home loan, this is the way

New Delhi: People with job opportunities easily get home loans, but if you do any of your jobs, you can easily get home loans. The terms and conditions for both salaried and self-employed are the same for taking a home loan. The only difference is in the documents to be deposited. When giving home loan, the most important is the ability of the person taking the loan and repaying the debt.

Minimum age for home loan 24 years
To take a home loan, the employer should have permanent job proof in a government or private company, while self-employed professionals have to give their professional qualifications and practice documents. Self-employed people can take home loans on the basis of income tax returns. At the time of taking home loan, at least 24 years and at the time of completion of loan, the age should not exceed 60 years.

The credit profile shows this
In this way there is a difference between documents related to the employment of different people, but the home loan can take all. For this, two basic things are taken into consideration. First, your earnings and your credit profile. Your earnings show the ability to repay the loan and the credit profile shows whether you are willing to repay the loan or not.

Salaried people usually have to pay a three-month salary slip, a six-month bank statement, latest income tax returns and appointment letters in the form of a document. Whereas the business people or professionals have to give three year income tax returns, auditors' verified balance sheet and income statement, details of loan already taken, shop or business unit, VAT registration and copy of the necessary license. Apart from this, copies of education and professional certificates have also to be provided. Home loans can be found by depositing these documents.