| For what Home loan amount am I eligible if salaried or non-salaried? |
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| Written by Site Administrator |
| Tuesday, 27 October 2009 16:52 |
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Depending on various factors such as your existing costs of living, number of dependants, existing loans, and your ability to comfortable repay the loan in the desired tenure, the bank will be able to give you 40 to 50 times your salary (Cost to Company). The bank will study your bank statements, your credit history, your employment history, etc before arriving at this figure. In the case of self employed business people, your profit margin stands as a benchmark for measuring how much loan you can get for your home. Comments (0) |