Increasing expense with the time it is difficult to maintain both side expenses. you can avail of the mortgage loan to do the same. if you are planning to avail of a mortgage loan then you should follow some given points.
Minimal mortgage loan eligibility:
availing mortgage loan fallows some certain eligibility criteria.
salaried employ professional and nonprofessional employ can apply for this loan.
for the salaried employees the maximum age is 60 years and for self employ the age limit extends up to 65 years till maturity.
some other eligibility criteria will lender fallow for a mortgage loan
Documents required:
every loan provider required document but in the mortgage loan, all the documents are required all the document lists mention below.
Salaried Individuals
duly filled Application form with photograph
Degree or Marsheet of Education Qualification
Form 16 for two years
Latest salary slips of three months issued by the organization.
Required last six month Bank Account statements.
Aadhaar Card or PAN Card
IT returns
Copy of the document of the property which you’ll be using as collateral.
Address proof like - the electricity bill, Phone bill, voter id, etc.
Self-employed Individuals
Propper filled Application form with photograph.
Education Qualification
Aadhaar card (alternative: PAN card)
IT returns of the last three years attested by a Charted Accountant.
Copy of the document of the property which you’ll be using as collateral.
Address proof
Required last 12 months Bank account statements.
Certificate and proof of business existence.
Loan Repayment:
nowadays multiple options are available to repay your loan home loan, mortgage loan etc. you can grab and repay your EMI at the time.
Five things you need to know about a Mortgage Loan
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