How to qualify for HDFC home loan self employed?

How can a self-employed person qualify for an HDFC home loan?

• Lenders need at least two years' worth of audited Profit and Loss Account Statements and Balance Sheets of the business firm in addition to three years' worth of IT returns for this purpose.
• You have more time to pay back your loan and can request a longer loan term if you're younger. Older applicants might have to put down a bigger deposit on the house.
• Some lenders evaluate a customer's eligibility based on their educational background.
• The applicant's capacity to repay the loan depends in large part on how much disposable income they have. It is believed that the applicant's income will decrease as the number of dependents increases and vice versa.

What documents are needed for HDFC home loans for self-employed?

• Processing fee cheque in the name of "HDFC Ltd.".
• A copy of the buyer agreement or allocation letter.
• Payments received from/paid to the developer
• Educational background certificate and business proof
• Appropriate ID and proof of residence.
• Bank statements for the Last 6 Months.
• All applicants and co-applicants must attach passport-size photos to the application form and sign it across the bottom.
• Company information and tax returns from the previous three years (self and business)
• Balance sheet and profit/loss account over the last three years