I have no PF Account and my company is partnership firm.Can get Home Loan?if yes then please say from which bank its possible.Because I get negative response from most of the bank.Plz reply me if you have any information regarding this.
Thaks in Advance
From India, Kolkata
Thaks in Advance
From India, Kolkata
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Kkumbhakar - you might want to reach out to a CA since this is about income and not directly linked to a functional point for the HR community.
From India, Mumbai
89From India, Mumbai
Home loan has nothing to do with PF. Normally, FIs don’t consider Proprietorship/Partnership firms unless they are reputed. Pon
From India, Lucknow
From India, Lucknow
Kkumbhakar,
As per your statement i think that you are employee of partnership firm. You must have account in some bank where your employer is depositing your monthly salary. It is advisable for u to approach your banker because he knows your monthly income & expenditure very well. As far as negative response of banker is concern, i state that it depends on your monthly income. Every banker gives thought whether the borrower is capable enough to repay my loan in time or not. I think your loan demand must be on higher side as compare to your monthly income. Pl do not try to purchase a house which is beyond your repaying capacity because it is not the question of 2 to 5 years but it is a long term loan of 10 to 15 years.
A. Prakash
From India, Halol
As per your statement i think that you are employee of partnership firm. You must have account in some bank where your employer is depositing your monthly salary. It is advisable for u to approach your banker because he knows your monthly income & expenditure very well. As far as negative response of banker is concern, i state that it depends on your monthly income. Every banker gives thought whether the borrower is capable enough to repay my loan in time or not. I think your loan demand must be on higher side as compare to your monthly income. Pl do not try to purchase a house which is beyond your repaying capacity because it is not the question of 2 to 5 years but it is a long term loan of 10 to 15 years.
A. Prakash
From India, Halol
PF - JT BK ACCOUNT ACCEPTABLE.pdf
Procedure for PF Loan.doc