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Home Loan

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Home Loan For Self Employed Buying a home is a significant milestone in everyone’s life, and for many, it requires taking a home loan to fulfill this dream. While salaried individuals typically find it easier to secure a home loan, self-employed individuals often face more stringent eligibility criteria and a more complex application process.¬† This blog will explore the process of home loan for self employed with eligibility criteria in India. Understanding Eligibility Criteria for Self Employed¬† Before starting the home loan application process, it’s essential to understand the eligibility criteria for self-employed individuals. Banks and financial institutions usually categorize self employed individuals into two main groups: self employed professionals and self-employed non-professionals. Self Employed Professionals Self employed professionals include doctors, lawyers, architects, chartered accountants, and others who run their practices. To be eligible for a home loan, they must provide proof of their professional qualifications, experience, and income. Self…

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