Housing loan without itr

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Housing loan without itr
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Need a home loan with no tax documentation?
Heres a solution
Most of the times people earn a good income but
struggle to get finances for own their dream
house. Banks dont give home loan due to
non-availability of income proof and documents.
Buying a home becomes a distant dream for people
because of lack of enough documents, income
certificate and most importantly the income tax
proof. People may wonder why banks dont give a
home loan without documents/income proof cash
salary? Or if there are some bank which gives a
home loan on these incomes? If yes, which are the
banks that offer Home loan without itr, income
source and documentation? A common man is often
worried about such questions running through
their minds.
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Let's understand why banks dont give a home loan
without documents / income proof salary?
Maximum banks financial institutions do
traditional way of your income and loan
eligibility appraisal. This method of income
appraisal keeps millions of loan seekers like you
away from a bank loan. They fail to qualify as
per the norms and conditions. But Relax! Few
private housing finance companies consider your
application for a Home loan without itr proof,
documents, and income proof. These leading
private finance companies in India offer
residential property loan at interest rates as
low as 9 to 12 with a mere processing fee of
just 1.25 on the principal amount. Recession,
health risks or other perils dont come knocking
at your door so its better to be prepared to
cover your expenses for a couple of months. This
shows your well-preparedness towards your loan
and you will have more probable chances for home
loan approval.
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The good part is they work on customer credit
rating and their personification. They offer Home
loan without itr in the area where their
customers generally purchase a property. They
widely cover technical issues of property like
without map, unapproved area property, etc. If
you dont have income documents itr file, you
can still avail home loans. Financial companies
charge slightly higher interest rate because of a
high-risk category of loan. But still, these
interest rates prove to be cheaper than
traditional finance that comes with stringent
payment measures and extremely high rate of
interest. To avail your home loan without
documents, income proof you should be
satisfactorily verified by credit manager and
field staff of institutions. Banks or companies
will fully analysis your requirement recommend
you a most economical rate of interest option
available for you. For Home loan without itr
/documents or income proof, some agencies might
take one-time coordination charges after sanction
of your loan. But it is advisable you directly
approach the private finance companies if you
have a good credibility and choose a secured area
of living. This will ease out on your costs to
buy your dream home.
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To Know more about Housing loan without itr
https//www.hdfc.com/housing-loans/hdfc-reach-home
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