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…
Top 5 Reasons to Buy Home Insurance Home purchasing is one of the most significant investments a person can make in their lifetime. It’s not just a shelter, it’s a place where memories are created, families are raised, and dreams are realized. Given the importance of a home in our lives, protecting it from unforeseen events and disasters is imperative. This is where home insurance comes into play. Home insurance is a financial safety net that provides coverage for various risks and damages that can occur to your home. This blog will discuss 5 important reasons for considering home insurance while purchasing a house. Protection Against Natural Disasters Natural disasters can strike at any time and cause extensive damage to your home. These events can leave your home in ruins, whether it’s a hurricane, tornado, earthquake, flood, or wildfire. Without proper insurance coverage, you may face the daunting task of…