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How long do I need to work to be eligible for a home loan? - Property Hotline
Posted
January 6, 2017
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21
January 6, 2017
21
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3:27Now PlayingExpert: Kartik Jhaveri, Director, Transcend Consulting (India) Private Limited.
Q: I was a salaried employee from 2011-15. Since June 2015 till 2017, I have been pursuing my MBA education. I will again start earning from June 2017. Am I eligible for a home loan now?
A: If you are in a rush to buy a home right now that may not me workable because the banks will ask you for the salary slips of the past 3-6 months, which you currently don’t possess. Thus, I recommend finish your education, wait for a little while, may be for 3-6 months, depending on the fact that you will also have money to make the down payment of your house.
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