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.
Gross Receipt ProgramBank Statement ProgramHigher Eligibility
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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 25.8% APR. Total repayment: ₹2,29,038.83 with monthly EMIs of ₹19,086.57.
EMI Calculator
₹2,00,000
12
25.8%
Monthly EMI
₹19,086.57
Total Interest
₹29,038.83
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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