Tuesday, July 12, 2011

How can a person get homw loan based on following facts?

For availing home one should have loan repayment capacity. Bank check this part along with other factors. Section 44AD is optional section and you follow this section your prescribed profit at 8% will be only Rs 35600.00. This is not good profit for availing home loan. You must prepare balance sheet and profit & loss account and show profit and turnover larger than now.

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