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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