When applying for a Rs 50 lakh home loan in India, submitting your Income Tax Returns (ITRs) is a critical step in demonstrating financial stability and repayment capability. But how much ITR is required for loan of 50 lakhs? Most lenders typically require 2 to 3 years of ITRs, regardless of whether you’re salaried or self-employed
How much ITR Required for 50 Lakhs Home Loan?
Lat 2 to 3 years of ITR is required. Lenders typically expect that your EMI obligations not exceed 40 to 50 % of your net income.
Beyond ITRs, banks and NBFCs evaluate several other factors:
A strong CIBIL score (above 700) greatly boosts eligibility and may help secure better interest rates.
Salaried employees must provide Form 16 and salary slips; self-employed individuals need audited financials, balance sheets, profit-loss statements, and bank statements.
Lenders review your existing EMIs, credit card dues, and other liabilities to gauge repayment capacity.
Most financiers offer up to 80 to 90% of the property’s value. For a Rs 50 lakh property, you should budget for a 10 to 20% down payment.
Clear title deeds, approved building plans, and no encumbrances are essential for loan finalization.
I hope you found this information helpful.
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How much ITR is Required for Loan of 50 Lakhs?
pragati
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5 months
2025-07-18T09:57:38+00:00 2025-07-18T09:57:40+00:00Comment
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