5.7cr+
Satisfied Customers
Business Owners
Home Loan for Self Employed
Customized eligibility programs for business owners and professionals. Approval based on turnover or bank statements if ITR is insufficient.
65+
Lending Partners
Rs.65k Cr+
Loans Disbursed
Loan Details
Home Loan Calculator for Self-Employed
Calculate your EMI and total interest for a home loan tailored for self-employed professionals.
Instant Approval
No Hidden Charges
100% Digital Process
Representative Example:
Borrow ₹2,00,000 over 12 months at 9.99% APR. Total repayment: ₹2,10,986.97 with monthly EMIs of ₹17,582.25.
EMI Calculator
Select Your Bank
Enter Loan Amount
₹2,00,000
50K50L
9.99
8%30%
1
1Y10Y
Monthly EMI
₹17,582.25
Total Interest
₹10,986.97
Overview for Self-Employed
Tailored for business owners, professionals (Doctors, CAs), and freelancers:
- Flexible income assessment methods
- Higher loan amounts based on business turnover
- Consideration of depreciation and other non-cash expenses
Eligibility Criteria
Business stability is paramount:
- Business Continuity: Minimum 3 years in the same business
- Profitability: Business should be profit-making for last 2 years
- Age: Up to 65 or 70 years at loan maturity
- Cash Flow: Strong average bank balance
Documents Required
Comprehensive financial scrutiny:
- ITR: Last 3 years with computation of income
- Financials: CA Audited Balance Sheet and P&L Account
- Business Proof: GST Registration, Gumasta/Shop Act License, MOA/AOA
- Bank Statements: Current Account (12 months) + Savings Account (6 months)
Tips for Approval
How to maximize eligibility:
- Maintain high declared income in ITR
- Avoid cash transactions; route revenue through bank
- Clear tax dues (GST/Advance Tax) on time
- Opt for 'Gross Receipt' based programs if ITR is low (for professionals)
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