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I have own land at Hyderabad, I want to construct House, actually i have taken my salary through cash, and form16 is available for the last 3 years is it possible to take home loan?

Asked by

HARI BABU (1) in category Home Loans & Property Financing on May 19 at 2:01 am

Answers (1)

First Answer

You will get credit for salary declared in form 16 only. Some of the PSU banks may adopt a lenient approach for receipt of salary by cash and ask you to place some other assets as collateral or as you to get a guarantor for the loan.

Answered by

B Malani, on May 20 at 12:56 am

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