Will I get Home Loan if my salaries don't come in time - Indian Real Estate Forum

maverick81 · 05-07-12

Hi
I have just booked a house, and am applying for Home loan now. All my documentation is ready, but the thing that bothers me is that my salaries are given late. And as the market has slowed down, I have not got my salary from May. But this situation is for short time, and my company is recovering up fast and we foresee that from end of Q2 we will be back in good position, and then salaries would be disbursed on time.
I'll be applying for loan with my wife as co-applicant, who is also a salaried professional and gets her salaries on time.
Will this factor in anywhere for my loan sanctioning. I'm planning to go for LIC Housing Finance as it has financed the project where I have bought the house.
I had a chat with HDFC agent, he said that he can get the loan approved but that will cost be 15k more in fees.
Please advice on this; will Banks approve my loan application, and which bank should I go to.
Thanks in advance.

maverick81 · 09-07-12

Hello Forum Members.. Can someone help me with this query? Thanks :-)

jeetcp · 10-07-12

Everything depends on a justification.

At least get a letter from employer stating the reason of it and submit that to bank. Bank will consider.

05-07-12	#1
maverick81 New Member Join Date: May 2012 Posts: 32 Likes Received: 1 Likes Given: 2	Will I get Home Loan if my salaries don't come in time Hi I have just booked a house, and am applying for Home loan now. All my documentation is ready, but the thing that bothers me is that my salaries are given late. And as the market has slowed down, I have not got my salary from May. But this situation is for short time, and my company is recovering up fast and we foresee that from end of Q2 we will be back in good position, and then salaries would be disbursed on time. I'll be applying for loan with my wife as co-applicant, who is also a salaried professional and gets her salaries on time. Will this factor in anywhere for my loan sanctioning. I'm planning to go for LIC Housing Finance as it has financed the project where I have bought the house. I had a chat with HDFC agent, he said that he can get the loan approved but that will cost be 15k more in fees. Please advice on this; will Banks approve my loan application, and which bank should I go to. Thanks in advance.

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09-07-12	#2
maverick81 New Member Join Date: May 2012 Posts: 32 Likes Received: 1 Likes Given: 2	Hello Forum Members.. Can someone help me with this query? Thanks :-)

10-07-12	#3
jeetcp Senior Member Join Date: May 2012 Location: Gurgaon Posts: 617 Likes Received: 140 Likes Given: 200 My Mood:	Everything depends on a justification. At least get a letter from employer stating the reason of it and submit that to bank. Bank will consider.