Self-employed, and looking to buy a house…

Self-employed, and looking to buy a house…

We list the factors that housing finance companies look for when approving loan requests for self-employed professionals. It has become something of a norm to borrow a housing loan to finance a home purchase today. But while most applicants are salaried professionals, a fair few are self-employed professionals/non-professionals – and they might find the going a bit sticky. Banks and financial institutions are careful about approving loan requests from self-employed persons, mostly because their annual income may be erratic and put their repayment capability in jeopardy. The following are 5…

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