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Home loan for self employed in 2021

 



Your interest rate depends upon your credit score. You can get minimum interest rate or it is valid only if you have a good credit score . If you have maintained a good credit score, close to 900 then it is sure that the bank will offer you a cheap home loans not only that even if your credit score is average as I have told about the interest rate, then it might go upto maximum not more than that.This is all about the salaried employees.Now, speaking about the freelancers, there are many people that are self employed, they have their own business or factory or people that do freelancing like photography or host events, do anchoring, if your in a profession where  you don't have a fixed job or something like that then salary isnot steady sometimes you might get a lot money but the next moment you mightnot earn that much.


 Taking this scenario in mind, it's a bit difficult to get a loan. Take example of two person suppose husband and wife where husband is a singer who sings in events while the wife has a steady job in such cases they have to take loan on the wife's name as the husband is a freelancer and usually banks donot give or offer good cheap loans plans to them or they donot enetertain them. So, I'll be talking about this issue too.


The banks providing home loans to self employers or freelancers are starting off is Union bank of India, it gives a minimum interest of 6.85 while the maximum interest rate is 7.15. Followed by Kotak Mahindra Bank with minimum interest rate of 6.85 and maximum interest rate of 8.45. Bank of India provides with minimum interest rate of 6.85 and maximum interest rate of 7.75. Bank of Baroda gives minimum interest rate of 6.85 and maximum interest rate of 8.20. Central Bank of India with minimum interest rate of 6.85 and maximum interest rate of 7.30. 


Axis Bank gives minimum interest rate of 7.00 and maximum interest rate of 8.55. IDBI Bank offers a minimum interest rate of 6.90 and maximum interest rate of 7.00. Canara Bank offers a minimum interest rate of 6.95 and maximum interest rate of 8.90. IDFC First Bank offers a minimum interest rate of 7.00 and maximum interest rate of 8.00. ICICI Bank offers a minimum interest rate of 7.05 and maximum interest rate of 8.05.I hope those freelancer or self employed people who donot come under the paybook of any company and cherish a dream of owning own house, hope this article is helpful for those.




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