Skip to main content

Posts

Showing posts with the label how to get home loan approved without income proof

How to Get my Home Loan Approved Without Income Proof

Income proof is one of the most important documents and factors to get your home loan approved. Any lender will ask for this important document to understand your incoming money monthly and also your repayment capacity. What if you cannot prove your monthly income? This usually happens with the self employed or people who may take contracts. For such dealing there is no income proof as all this is done in cash. How can you go about getting a home loan in such conditions? Your bank accounts will be big help here as your financial deposits assets and saving can be shown to the lenders. Your credit card is another trump card for you in such cases as your credit history and credit card rating is a sure shot to get your home loan approved. If you take contracts and pay your employees in cash then there will also not be any salary slips for this. Remember banks and lenders do not approve of hand written paper salary slips. You need to have a computer generated and signed salary slip. Here yo...