How banks evaluate self-employed borrowers for giving home loan

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Key Points

A home loan can help an individual achieve this dream of owning a house..

Banks want to ensure the applicant has a stable and sufficient income to make home loan EMI payments...

The net income of a self-employed individual is one of the most critical factors impacting the sanction of a home loan..

Before giving a home loan, banks, and other financial institutions note the business continuity and performance prospects for every self-employed applicant..

This expertise can help navigate the complexities of self-employed income assessment and increase the chances of obtaining the home loan one needs to realize one's home-ownership dreams...