I have no PF Account and my company is partnership firm.Can get Home Loan?if yes then please say from which bank its possible.Because I get negative response from most of the bank.Plz reply me if you have any information regarding this.
Thaks in Advance
From India, Kolkata
Thaks in Advance
From India, Kolkata
Kkumbhakar - you might want to reach out to a CA since this is about income and not directly linked to a functional point for the HR community.
From India, Mumbai
89From India, Mumbai
Home loan has nothing to do with PF. Normally, FIs don’t consider Proprietorship/Partnership firms unless they are reputed. Pon
From India, Lucknow
From India, Lucknow
Kkumbhakar,
As per your statement i think that you are employee of partnership firm. You must have account in some bank where your employer is depositing your monthly salary. It is advisable for u to approach your banker because he knows your monthly income & expenditure very well. As far as negative response of banker is concern, i state that it depends on your monthly income. Every banker gives thought whether the borrower is capable enough to repay my loan in time or not. I think your loan demand must be on higher side as compare to your monthly income. Pl do not try to purchase a house which is beyond your repaying capacity because it is not the question of 2 to 5 years but it is a long term loan of 10 to 15 years.
A. Prakash
From India, Halol
As per your statement i think that you are employee of partnership firm. You must have account in some bank where your employer is depositing your monthly salary. It is advisable for u to approach your banker because he knows your monthly income & expenditure very well. As far as negative response of banker is concern, i state that it depends on your monthly income. Every banker gives thought whether the borrower is capable enough to repay my loan in time or not. I think your loan demand must be on higher side as compare to your monthly income. Pl do not try to purchase a house which is beyond your repaying capacity because it is not the question of 2 to 5 years but it is a long term loan of 10 to 15 years.
A. Prakash
From India, Halol
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Home Loan Calculator.xls
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