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Home Loan

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Home Loan for Self-Employed Buying a home is a monumental milestone in everyone’s life, a dream that often necessitates the support of a home loan. While salaried individuals typically find it easier to secure a home loan for self-employed individuals often face more stringent eligibility criteria and a more complex application process. But the significance of this milestone makes the journey worthwhile. This blog will explore the process of home loan for self-employed with eligibility criteria in India. Understanding Eligibility Criteria: Home Loan for Self-Employed Before starting the home loan application process, it’s essential to understand the eligibility criteria for self-employed individuals. Banks and financial institutions usually categorize self-employed individuals into two main groups: self-employed professionals and self-employed non-professionals. Self Employed Professionals Self-employed professionals include doctors, lawyers, architects, chartered accountants, and others who run their practices. To be eligible for a home loan, they must provide proof of their professional…

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