Quick Answer: Can I Get Home Loan Without Salary Slip?

How many payslips do I need for a home loan?

twoFor your home loan application to be processed, you must provide at least two consecutive payslips.

Below are the standard requirements that payslips must meet before they will be accepted by a lender: Must be dated less than four weeks from the date of application (old payslips are not accepted)..

How can I get a home loan with no job?

One way to take the focus off of your unemployment is by submitting what’s called a no doc mortgage. With this type of mortgage you don’t have to submit information about employment or annual income. Instead, the lender is focusing on your credit score, and whatever you’re using as collateral to secure the loan.

What is the EMI for 20 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years20 years₹ 16 Lakh₹ 14,159₹ 12,166₹ 20 Lakh₹ 17,698₹ 15,207₹ 25 Lakh₹ 22,123₹ 19,009₹ 30 Lakh₹ 26,547₹ 22,8111 more row

What is the EMI for 15 lakhs home loan?

SBI Home Loan EMI Calculator 2020Loan Amount10 Year Loan15 Year loan₹ 20 Lakh₹ 23,170₹ 17,921₹ 30 Lakh₹ 34,755₹ 26,881₹ 50 Lakh₹ 57,925₹ 44,802

Which bank is best for home loan?

Best Bank for Lowest Home Loan Interest RateCitibank banks are the best choice for home loans with their lowest interest on home loan starting from 6.75%.Axis bank, ICICI Bank, and Kotak Bank are the best banks for home loan as they have quick loan disbursal with low-interest rates.More items…

Can you fake a payslip?

If you fraudulently input the information on your documents, it is your responsibility. This has nothing to do with the payslip, it is all about the person using it. It doesn’t matter if the person says they make a certain amount or writes it down incorrectly, They are still misrepresenting themselves.

These include that payslips must be delivered on or before the employee’s payday, although they can be provided to employees on paper (even handwritten) or electronically. What do I need to include on a payslip? Employers must already include on a payslip: Pay before any deductions (‘gross’ wages)

What is the minimum amount for home loan?

Housing Loan Eligibility DetailsAge of the Applicant18 to 70 yearsEligible Salary₹ 25,000 per month and aboveWork Experience for Salaried3 years and aboveBusiness Stability for Self Employed5 years and aboveMinimum CIBIL Score6504 more rows

Is salary slip mandatory for home loan?

Primarily, banks require proof of age, address, income, property and details of other loans for home loan sanction. Also, copy of government IDs, bank statements, salary slips, property papers etc is required. … One can also check the website of the bank and get a list of all the documents that they need to submit.

Can I get home loan without property?

Keep the following list of documents handy to avail a mortgage loan against property without income proof: Duly filled application form. Proof of identity like PAN Card, Voter ID Card, Aadhaar Card, Driving License, etc. Proof of address like Aadhaar Card, Voter ID Card, Ration Card, Passport, Utility Bills, etc.

How can I get instant loan without salary slip?

How to get a personal loan without Salary Account/Slips or Income Tax Returns certificateSubmit Form 16.Submit alternate source of income.Submit collateral.Have a relationship with the bank.Get a guarantor on board.

What are the documents are required for home loan?

Documents Required Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card. Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card.

Can I make my own payslips?

Producing payslips You may be able to produce payslips using your payroll software, if it has this feature. You can use different software if it does not. You can either print payslips to give to your employees, or you can send them electronically.

What are the rules for home loan?

Home loans are usually sanctioned for maximum long tenure of 30 years. It is observed that the average period people take to pay off their home mortgage fully is around 8 years. As per RBI circulars, banks are not allowed to charge prepayment penalty or charges on floating rate home loans.