How to get home loan without documents & income proof

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Home Loan without documents & Income Proof

Are you earning good income, but banks are not giving home loan due to non-availability of income proof and documents? Buying a home has remained distant dream because banks not giving home loan without documents & income proof?

Add to trouble is, you might be looking for home with technical problems, like without map property, house in unapproved area or Lal Dora etc. because of not so high budget.

You want to get home loan without documents / income proof. Carefully read complete details to learn why banks don’t give home loan to you, but still how you can get it

 

Home Loan on Cash Business Income

You want a home loan on cash business income. You are not considered a right person for home loan even after having good income?  Like you there are many people running small businesses. You gets your income in cash. You are puzzled how to get home loan without documents / income documents / cash business income.

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You don’t keeps record of income generated by business. It can be due to 2 reasons.

  1. Income comes in small amount and high number of transaction
  2. Business you do, does not require you to maintain record

You are receiving cash income. As there are small incomes coming every day you don’t want keep track earning. In today’s tough time you hardly have time to do this.  For consolidating your income, you need more time & energy on daily, monthly, quarterly and yearly basis.  Because of not so big business size and financial reason you cannot appoint professional service to do it. You might be earning better income than class 1 government officer with better home loan repayment capacity.

Like you there are many people doing business like running small shops, restaurant, running cabs / autos or doing trading of many products like agricultural products etc. You are having trouble getting a home loan on cash business income

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You may be a service providers like website designer, DTP designer, printing, computer / mobile repairing etc. There are many other people like you earning income in cash. There are non-taxable agriculture based products which does not attract tax. People associated with production and marketing of vegetable, fruit, grain, dairy, poultry &  other agricultural product does not keeps record of income and does not files tax. You may have troubled time to get home loan without documents / income proof

Irony is Governments are not bothered about you, who is running growth engine of India. Like you there are crores of small business men / women creating tens of crores employment. Governments are busy grabbing land from farmers and giving at low cost to big businesses. Giving them loans at subsidized rates, good facilities &  high rebates.

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I know by my personal contacts many people are earning income better than people working in organized sector.  I have a friend, his father owns a small hotel / Dhaba right opposite Old Faridabad railway station. It closes for only 4 hours from 2 AM – 6 AM. Some years ago he told me their daily sales was more then 10000/- with more than 6000/- saving after expense. That summed up decent 1.5 Lakhs per month without any tax.

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I met one of my friend’s father some year ago. He runs a grocery shop in Ballabhgarh, Faridabad which is traditional old style market. He told me their income is very small. When I asked, he told me their daily sales is some 25000/-.  I told him, they earns 9 Lakhs per year at margin he told me 8%-10%. His smile told me, he do not want to declare.[/expand]

 

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Home Loan on Cash Salary

You are working in not so big company. Owners are paying you salary in cash. Now just when you want to buy a home, you are having difficulty to get home loan on cash salary. Bankers are unable to authenticate you salary as it is not being credited in your account.

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Many small business generates income in cash, they finds it difficult to deposit money in account to further transfer it to you. It is time consuming process for small business owner. As they runs small businesses, appointing some body to do it adds to operating cost.

Many small businesses are not organized & well-funded. They pays money to employees at different time of month as per availability of money with owners.

Reason why owners pays you cash salary can be different. But it all adds problem for you to get home loan because of cash salary from reputed banks.[/expand]

 

Which Bank Gives Home Loan without Documents / Income Proof?

You have many questions why banks don’t give home loan without documents / income proof & cash salary? Or if there is some bank which gives home loan on these incomes? If yes which bank gives home loan without documents / income proof & cash salary?

First understand why banks don’t gives home loan without documents / income proof & cash salary?

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In raw term bank is trader of money. It borrows money from customers at “X” rate and lends at “Y”. Difference between Y & X is for their operating cost, provisions for bad debts & profits. Generally this difference is 3% – 4% to take care of everything, staff salaries, building rental, & profits as well. In case any loan goes in to bad debt, not only they risk profit, but they have to return their customer 100% of money that too with interest.

Credit manager are under heavy pressure to carefully check documents and scrutinize profile of borrower. Credit staff is personally answerable for any single case goes in delayed payment and bad debts. Because even a single loan goes unrecoverable, bank losses income earned by almost 100 rightly served loan. For this reason they don’t even consider a case where even basic income proof are not available. To avoid malpractice at local levels almost all banks have made it a policy to give loans based on income shown on document only.

This is reason banks don’t gives home loan without documents / income proof. [/expand]

 

How to get loan on without documents & income proof

Maximum banks and financial institutions do traditional way of your income and loan eligibility appraisal. This method of income appraisal keeps tens of crores loan seekers like you away from bank loan. Understanding opportunity, few financial institutions considers your home loan without documents and income proof. Yes their rate of interest is  3% – 5% higher than leading banks. Good part is they works on customer persona. It means they gives loan in area where their customers generally purchase property. They widely covers technical issues of property like without map property, Lal Dora / Unapproved area property & without map 3rd floor property.

If you don’t have income documents as proof, you can still get home loan at 3% – 5% higher rate. Financial institutions charges higher rate because of high risk category of loan. Still they are far cheaper than private money lenders taking up to 30% yearly from people like you. To give you home loan without documents / income proof your income should be satisfactorily verified by credit manager and field staff of institutions.

You can [ninja_forms_modal_form id=17 text_link=”Click here and submit your details”] for your requirement. We deals with few non-banking finance companies for home loan without documents / income proof. We do complete analysis of your requirement & recommends you most economical rate of interest option available from our contact financial institutions. For home loan without documents / income documents we takes a one-time loan coordination charges after sanction of your loan.

Update on June 2, 2018: Comments are closed due to too many similar responses. If you have a quarry, I suggest you to read comments below as most of general quarries are already answered.

If you require home loan on cash salary / cash business income in Delhi NCR, you can send us your requirement through “Contact Us Page” or quarry form

241 thoughts on “How to get home loan without documents & income proof”

  1. I want Personal Loan Amount 500000. I’m doing job Rs.20000/month in cash.I give You salary Slip.Are You able to give me that amount.Please give me answer and share your detail in my email ASAP.
    Thank You

    Reply
  2. I m working a partnership firm but i have no income proof my salry is 25000 i get salry certificate rs 25000 end of the year now i have purchased a floor in jaimata market tri nagar delhi propeety cost is round abt 2700000 but paper value is 1150000 i i have done registry the name of my wife from from taking money from my relative can i get loan amt 1000000

    Reply
  3. I need home loan 20 lakhs
    I hv 3 yrs ITR my salary is 36k in cash but last 3 months I hv receiving my salary in cheque my mobile 982****406

    Reply
  4. Sir mera gurgaon me affordable housing scheme me flat nikala hai sec109dwarkaexp way me & mera beta pvt job karte hain pls meri salary cash milti hai 18500 & mere Bete ke salary account me aati hai Hume 1200000 ka loan Lena hai pls MIL payga

    Reply
  5. I want purchase resell property of any of RS.14-15 lacs.

    But I have no income proof and not fill it return.

    So pls guide about my home loan

    I also want pm aavas yojana benefit

    Reply
    • Hi Hiren!

      You can get home loan without income proof. Yet your income must be accesed for repyament suitability.

      Yes for all loans, we arranges, we gets you Pradhan Mantri Awas Yojana CLSS benefits at time of loan disbursement itself. We do it for almost all institution, except 1-2.

      Upon analyzing your case, we will know by which institution your home loan can be done, based on your profile and property you want to buy.

      Reply
    • Hi Rabiya!

      In just another comment, I had told we deals in Delhi NCR. If you wish to buy a property in Delhi and nearby location, we can get home loan for your from bank / financial institution depending on property type

      Reply
  6. I have no any income proof because I earn in cash. I want a loan amount of Rs. 2 or 3 lacks to establish my own online coaching Centre.

    Reply
  7. Hello sir main exserviceman hun 31/01/2018 ko army se ex serviceman hua lakin mere document mein kuch mistake ke karan abhi pension and other benifit milne mein late ho raha hai mujhe Rs200000 ka loan chahiye kya aap help kar sakte hain emergency haiop.uniyal.

    Reply
    • Sorry Mr Om Prakash!

      For personal loan we deals with private banks only. They don’t gives PL without active income credit in your account. You may contact SBI, where you had your salaried account. They can assist you for this

      Reply
  8. hi this is deepak i need a lone for my home update and my father medical issues kindly make a call or mail me 842****140 deepakw****@gmail.com

    Reply
  9. Hi
    sir
    i need argnt 50000 personal lone
    my salery is 13500
    i m work at home credit india
    plse plse sir i have a personal lone plse help mi
    plse contact me 828****704

    Reply
  10. I am working with a private company with a salary of 40000 get salary in cash … Required a loan of 2,50000 …have a salary slip please help me out

    Reply
    • Hi Mr Aaron!

      By NPA Do you mean Non Performing Assets or something else? As property never becomes NPA, it is only loan which can be NPA. So I had problem understanding NPA Flat

      Please explain.

      Reply
  11. Hi,
    I need a loan of 20 lakhs to buy an apartment which is 2 years old and already earning 15000 rupees as rent per month. I will never stay in this apartment and it will only be used for rental purpose. This apartment is beside two colleges. So, getting tenants is very easy. I need it for a period of 15 years. 100% rental income will be used to pay off the EMIs and the remaining amount I will bear from my own pocket. Please let me know if it is possible to avail finance for such a property. Also, tell me how much will be the down payment, emi and interest rate. Thanks in advance.

    Reply
  12. I’m working in 1cafe and I received my salary in hand 12000Rs n I need money it’s very urgent i from Kolkata but still now I’m working Bangalore I have Aadhar card ,voter ID but my all I’d proof is belong from to my native so I can get the loan it’s possible for me

    Reply
    • Hi Aquib!

      I am afraid you won’t get personal loan in such condition. First your income is below qualifying criteria for personal loan. Second and last, lending institute must require your current address proof

      Reply
  13. i started working in a listed company from 08 january 2018….i need loan of 300000 very urjently…my salary is 35000 net takehome….i can provide my offer letter and company mail id and you guys can enquire in my company also….but i dont have payslips..

    Reply
    • Hi Uday!

      For personal loan, at-least 3 months salary credit is required. You may have to wait, for 3 months.

      If your experience is more than 2 years, and you just had job change and not job break, you can even get after 1st salary credit.

      Please send your contact details on my mail id to discuss further

      Reply
  14. Hello sir..i am from delhi..i am working with a spa as a therapist and i earn around 60-80k per month n that too in cash.i recently joined this job as a therapist.can i get loan? I am in urgent need to buy a home a 2 bhk in Delhi. Please advise. 78*****570.

    Reply
  15. Dear sir. I am a sales person with monthly income of 25k to 30k all in cash and no record. I am looking for home loan of around 20 lacs while property price is around 35 lacs I have all my kyc docs but I dont have income proof. As i have completed all my previous loans on time without any due. My cibil score is above 800. My credit report is excellent. Is it any chance to avail home loan from joyloan if yes kindly let me know the processor. If no kindly suggest me any other way to get home loan.

    Thankyou.
    RAZZAK

    Reply
  16. I m Simon Rodrigues .i m rent person with family .working in private agency the name of all check service pvt.ltd. post in field executive. Document verification . minimum salary 15000 to maximum 18000 thousand monthly cash or sometime. By cheqe now 4years complete of this work .
    Document I have – pan card, aadharcard,ration card , syndicate bank details
    ( Rent person ) Room agreement paper with nottery
    Note this – family income monthly. 25000 to 27000 per month .
    I have personal loan for dream home . could help me plz…. Contact no : 888*****18, 755****549

    Reply
  17. Sir I am railway retaired person I get pension and now working in Rail vikas nigam central Gavt.total income per month Rs.27000.required Rs.300000for balance house work

    Reply
    • Hi Aijaz!

      Sorry, but for retail loans we are serving in Delhi NCR only. You can contact J&K or any other Bank branch locally. You will be eligible up to 9L loan, depending on your age (assuming, there are no other loans running)

      Reply
  18. sir
    myself sravankumar age 21,working at robotouch company for the salary of 8000.my mother works at shahi exports nacharam for the salary of 6000 & as well my father works in a timber company for the salary of 13500 and we”ll get the 5000 rent also the thing is we need 3-5 lacs of cash urgently so please reply the procedure and intrests of loan.
    thank you

    Reply
  19. Hi, I am a salaried person in mumbai and need a personal loan of 35 to 50’000/-rs. my monthly salary is 18000/-rs however banks have rejected my claim due to low CIBIL ( which is close to 630) and credit card outstanding of 35000rs against which i have been paying off minimum dues regularly. Let me know if i am eligible.

    Reply
    • Hi Ashish!

      For personal loan, minimum CIBIL score is required 700. Though this is not final score, but your current repayment certainly goes in credit under writing, while deciding new loan

      Reply
    • Hi Rosh!

      Home loan can be done without ITR on satisfactory assessment of income. Home loan can be rejected even with 5 year’s ITR if income is not satisfactory.

      So more than ITR, income and it’s assessment is important

      Reply
  20. Dear sir”
    I am jayanta & I am warking in a private sector,
    My monthly sallery 14500p/m,I gat a loan 50000,so plase sir help me,my loan is very urjent.

    Reply
  21. I am 28 year old I am need 10 lakh loan loan anginst property I am work in village cloth house in a home my property is village punjab

    Reply
  22. Hello Sir I Am job in pvt company and my salary is 10000+insev…
    But salary in cash payment so can you approve my loan application.. I need a rs 50000 only and I am not a pan card holder

    Reply
  23. Dear Sir,I am self employed sairaj tours and travel My bussnies name and My monthly income 27000 I have My Bank statement Id prof and addres prof I need 200000 rupes lone for personal purpose plz half me

    Reply
  24. I’m working in samaya news channel…
    I’m salaried employee… I need 8 lakhs loan in my family problem…
    I don’t have bank details but I need loan…
    Salary is 13.000…
    Please help me…

    Reply
  25. Hii Sir,
    I am Nitin from mumbai, My monthly salary is 14000 I have salary slip, please let me know how will I get home loan.
    Please reply me.

    Reply
  26. I want to construct first floor of my home but failed to get loan without income proof. Guide me from where i could get loan without income proof

    Reply
  27. HII I AM ABINASH GUPTA , CURRENTLY I M WORKING IN PVT LTD COMPANY AT CHENNAI . AS I M THINKING TO START MY OWN BUSINESS FOR WHICH I NEED UNSECURED BUSINESS LOAN , AM I ELIGIBLE TO GET SUCH LOAN OF RS. 5 – 7 LAKHS. IF THERE IS ANY POSSIBILITY PLEASE TELL ME

    Reply
    • Hi Abhinash,

      You can only get such loan under government’s skill development or entrepreneurial business programs. You need to check with your state government and central government schemes for this. We don’t deals in this segments

      Reply
  28. I want a contraction loan (home loan) but i dnt hve a income proff like itr etc..
    I m self employd.. my income is 20-25 thousand per month.. how i get home loan without itr pls help me sir.

    Reply
  29. Sir I need a loan of 100000…
    I am salaried. Rs-17000 monthly.
    Company name-Hershey’s
    Designation – territory sales incharge

    Reply
  30. Dear Sir,

    Myself Tilok Rai.

    I am getting salary Rs.20000/- and also have a small side business as given car on rental Rs.16000/- per month which is not maintaining documentation.

    I had read all policies of your company, you are providing Home Loan only for Delhi NCR.

    But actually, i reached here to query about Heavy Vehicle Loan for commercial purpose, which cost bill be Rs.24* Lac.

    Kindly do let me know.

    Regards,
    Tilok

    Reply
  31. Aur I’m arvind Pathak I want to loan for home I’m working in merchant navy sallery 90000 per month can u help me for pc loan

    Reply
  32. ravindra bhutani
    sir my salary in cash 15000/- & miss. salary credit in hdfc bank salary acc. 18200/- last 2 years 2 lakh personal loan good track 4750/- p.m. EMI. so i requiest u sir pls give me information to home loan i need 1600000/- lakh ( 600 sq. feet flat in kalyan)

    Reply
  33. Hi , I am from bangalore. I need a loan of 1 lakh for my business expansion. Currently i run a internet cafe with Xerox, Computer service, spares. Right now i am running out of business. Please let me know if there are any chances that i can get a loan of 1 lakh.
    Note: I don’t have any income proof or any IT. but i do have a bank account in Sbi through which i do all the transaction. My monthly income will come up to 10 to 12 k per month excluding shop rent and other expenses.

    Reply
  34. Nagaraj
    Sir I am Nagaraj working in Private builders company last 6-years in bangalore, as a Civil site Engineer my CTC 30000 pm I have some proofs but one problem is last 10 months salary is taken in advance hand cash bcz some personal problems plz replay me, can I get home loan 10 Lack.

    Reply
    • Hi Selvan,

      You can get loan for any purpose. Your present income should be sufficient to support loan EMI. Loans on future income can be done subject to terms and conditions from financial institution. Send your details on my mail id [email protected] to discuss which category your case falls in

      Reply
  35. Dear sir,
    Myself Rupa Dey..I need home loan of 300000…I’m working a privet school & I’ve a coaching centre..I get cash salary..I hold votar card,aadhar card,bank account etc…plz help me to get the loan..

    Reply
  36. Hello sir , my name is arojit ghosh from siliguri west bangal 9800548058 [email protected]
    I need personal loan 300000/-
    My monthly salary 16500/- in cash
    My savings account in Sbi
    Plz reply
    I need urgent loan
    I give you , photo, pan card , addher card, driving licence, pay slip last 3 months, offer letter,
    And my extra business is sales parches of old car
    My company name is DURGA Hyundai dillars ship, designation team ledar,
    My salary16500+ out income near about 25000/-
    Total monthly income 41500/-

    Reply
  37. i am a small businees man on mobile sales&servecing but my shop is small i am grow my business but money problem i want loan with 2-5lakh please help me my income this time 15000-20000 monthly

    Reply
  38. Sir, I have a partnership firm and also have last two years IT return, where net income is 277000(last year).Can I avail a Home Loan
    about 600000.

    I already paid 50% for a flat in Berhampore,West Bengal. My mail id is :[email protected]. Also want to know if any bank provide loan under Pradhan Mantri Awas Yojona.

    Reply
  39. I m working in a small private farm with a little salary of 25thousand. i want a personal loan of Rs 2 lakhs, Photo Id proof, residence proof ,bank account ,etc were also not helping me to get a loan .can you do something regarding this.

    Reply
  40. Sir i want lone 2500000 lakh my montely income 25000 but no income prof but i have own 3 shops 1 home but not ragishtry i give my shope for lone sicurity plz halp me

    Reply
  41. Hello Sir,

    I am Balbir from New Delhi. I need a 5 to 6 Lakhs for start new business at my home town.
    Can you are help me. I am a contract based job on going. My salary is 14500 In hand.
    Mobile No- 9891890754

    Reply
  42. I want loan for to start business 4 lakhs, I have Bank Account, Pan card, Last 6 Months Income Proof (bank details),… How to get loan for to start Business ???Please suggest me. Kindly waiting for your reply.

    Reply
  43. Hey,
    I am working for a partnership firm & getting salary of 47,900(Net) 50,000(gross) but im getting salary in cheque also working with this company from last 14 month working here as a manager. Before I was working for a Branded boutique as a store manager but there i ws getting salary in cash.I do have form 16 and ITR for this year 2015-2016 and im looking for home loan which is approx 24 lac. I am from mumbai born n brought up and looking fr a property in mumbai itself. i spoke to one bank and they have told me that i might face rejection issue as i ws getting my previous salary in cash and im a girl so basically what i realize is they might afraid of giving home loan to girl which is sarcastic n not acceptable from my point of view so i didnt applied fr any home loan anywhere cause i dont wnt to face such shit disappointment.
    kindly help me out with the reality and do tell me if im eligible to get home loan or not. and which bank i should apply cause im looking fr low rate of interest.
    Thank You.

    Reply
    • Hi Khushubu,

      Thanks for writing in. You can get home loan based on your job continuity and income stability. You will require appointment letter and reliving letter from previous employer to show you are stable in you professional life without job breaks. Gender does not matter for leading financial institutions. You can get loan from HDFC Ltd. or ICICI bank easily. Get your documents in place. Apply. You will be given loan

      Reply
  44. I need a lone within 4/5 days is it possible ??? i worked in a pvt company but they are not give me the salary slip or any company documents….i have my photo id , adders prove , qualification details , bank account ..my contact no – 8017131433

    Reply
  45. i want home loan 10 lakhs i have bank account , pan card, adharcard etc except itr how can i get home loan suggest me

    Reply
    • If you don’t have income proof, you can still get home loan provided you have income. Income will be accessed by credit staff of home loan lending institutions. If they are satisfied with you income, and are assured for repayment capacity of EMI, you can get home loan.

      If you lives in Delhi NCR, then we can serve you for your loan.

      To get assistance for home loan in Delhi NCR you can send your details on my mail is [email protected]. We are not serving outstation liquid loan cases.

      Reply
  46. i am working with corporate company, and my salary is 38000 PM. i want a home loan of RS 25 lakhs, but my credit score is less and i have car loan also which got two cheque bounce from last three months. so i am planning to go with any private lenders. i am staying in Bangalore Karnataka. So could you please help me to get the home loans without income proofs and bank statements.

    Thanks,
    Sudarshan

    Reply
    • Dear Sudarshan,

      Presently we are serving only Delhi NCR.

      My suggestion for you is, pay your current liabilities on time before applying any more loan. Your repayment habit is one of most important factor for loan provider. Any past history which has gone bad can be justified for a reason. If you default for no reason or out of ignorance, sure there is problem.

      Yes! wait for 6 months before applying loan and pay your loans on time till then and afterwards.

      Reply
  47. I am working in small private company, with little cash salary (14,000). I want home loan of 12,50,000, (home price 1350000),, but I haven’t any income proof,, can you do regarding this

    Reply
    • Dear Mr Hitesh,

      At the first place, your individual income is less to support loan of 12.5 Lakhs. You can only get this much loan with support of regular income of your family member.

      Secondly I will suggest to plan home buying with at-least 20%-30% of property cost in down payment. For affordable housing customers requires 10% in down-payment. On cash income financial institutions asks down-payment of 20%. you should have another 10% for incidental expenses.

      Reply
  48. hi sir am a salaried person with a monthly income of 50000 salary received in cash in last 6 months am having income returns also plz help me

    Reply
  49. I want a personal loan of 200000. My CTC is 26,000 net is 21,000 but I avail a cab that’s why my in hand salary is 17,700 , I am working in corporate company , I do have documents could u please help me for the procedure what else I have to follow

    Reply
  50. I m working in a small private farm with a little salary of ten thousand. i want a home loan of Rs 3-5 lakhs, Photo Id proof, residence proof ,bank account ,etc were also not helping me to get a loan .can you do something regarding this.

    Reply

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