Home Loans for the Entrepreneurial Spirit
With job satisfaction increasingly becoming a priority for most people, several of them are stepping out and starting their own businesses to pursue their passion while earning a living. To give entrepreneurs a boost, lenders are creating Home Loans designed to cater to such self-employed professionals. Bajaj Finserv offers Home Loans for Self Employed with low interest rates.
Eligibility for Non-Salaried Individuals
To meet the criteria for Home Loan Eligibility for the self-employed, keep a few things in mind when opting for a loan. There are differences in the documents required for self-employed professionals as compared to salaried professionals. Keep these documents handy before applying for a loan. Also, remember that the tenure of the loan you opt for will not be the same as a salaried one. You will also have to pay a processing fee, so include that when you are calculating the cost for taking a Home Loan. Since you run a business, lenders will assess your business’s strength and the income you generate before approving your loan application.
Ready Reckoner for Documents
Important documents required for Home Loan for self-employed include IT returns, fiscal profit and loss statement, residence and identity proofs, photographs, educational qualification degrees and certificates, and a brief about your business. You will also need to submit a copy of the license for your business and your business plan. Make sure you have your latest bank statements on hand as well. Having copies of any investments you have made such as mutual funds, shares or fixed deposits, will also be useful when applying for a Home Loan. Once your Home Loan is taken care of, you may consider setting up your home with necessary appliances. You can choose the hassle-free Durable Finance options offered by Bajaj Finserv that enables you to purchase ACs, washing machines, refrigerators and other electronics for your new home.
Competitive Interest Rates Online
Home Loan interest rates vary from financier to financier. While the rate is higher for self-employed individuals as compared to salaried ones, there are various attractive options to choose from in the market. If you create a strong proposal, you can get interest rates on par with the salaried rates.
Bajaj Finserv, one of the leading financiers in the market, offers you the chance to apply online for Home Loan and avail several benefits including faster approvals, part prepayment facility, online account access, and nil foreclosure charges. Click here to apply online for a Home Loan.