If you go for buy flats or apartments. You need to
submit the bank statement for prove the financial ability and to know about your
financial activities. The banks mandatory ask bank account statement for a
certain period if you approach them for Home loan. Because they want to learn
about the saving and spending habits of the loan seeker. Such a statement is
very crucial for getting home loan. Based on the bank statement the lender to
decide the eligibility of the applicant. Below are the points why home loan
lenders ask for Bank Statement.
Nature of activity
With the help of bank statement the bank can find out the
nature of activity. The activity nature id differ for self-employed persons and
professional persons. The bank statements will help the banks to verifying the
level of business activity and compare it, with the one declared in the income
tax returns in the loan application.
For self-employed persons, the bank check the bank
statements of the account, where the income is credited of the business or professional. These statements will help the lender in verifying the level of
business activity like sales/receipts. It also Check with the declared in the income tax returns in the loan application form. Also help the banks to
identify the cash deposits or withdrawals
From the bank statements of professional persons the
banker should verify that the salary purported to be shown in the income tax
return. The credited salary amount of Professional persons is also similar month after month.
Existence of any loan
From the bank statements, notice any identical amounts
are debited at regular intervals. Banks can easily find out that the applicant
have existence of any loan being serviced. The eligibility loan amount deciding
based on the existence of any loan history.
Account balance
The Account balance reflects your financial health as
well your saving habits. Bank can analysis financial stability with the help of
Account balance.
Account debits
Depends of the debits the bank should understand your
financial discipline and good saving habits. From your spending habits the bank
will determining your loan eligibility. Banks will reduce your overall loan eligibility if
found any Higher payments or debits in your bank account.
Check loan dues
From the history of bank statement the bank can analysis existing
loan dues or another payment dues. This will determining your loan eligibility.
If found any regular dues in existing loan will reduce your bank loan eligibility.
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loan facilities. Please go through our project Ladder Mankav Greens. For more details
visit below details
:Flats in Calicut | Villas, Apartments in Calicut, Kerala | Ladder Kerala
More updates Visit our website: http://ladderkerala.com/
Please touch with us: +91 9400470022
Please read our Latest blogs:
6 Easy Ways to Plan Your Kitchen Garden
More updates Visit our website: http://ladderkerala.com/
Please touch with us: +91 9400470022
Please read our Latest blogs:
6 Easy Ways to Plan Your Kitchen Garden
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