Mortgage for Self- Employed

Creditsafe Mortgages is committed to help you find the perfect property solutions. We provide the property buyers a dependable solution in regards to selling or buying your home. With a focus on providing complete property solutions, we offer a wide range of services that span the spectrum of property needs.

The reasons range from variable or irregular monthly income and lack of proper documentation to support their real financial status, even when they are eligible for credit. We understand these ground realities and has evolved new processes that facilitate the assessment of income for self-employed individuals. This enables us to extend housing loans on fair terms even to those who might otherwise remain ineligible for a loan. We acknowledge the sheer effort and hard work that is typical of such individuals, and specially focus on enabling them to acquire homes, through our schemes specially designed to offer home loans for self-employed individuals.

Loan Amount

The actual loan amount is determined after assessing the individual’s requirement and his repayment capacity based on various factors like:

• The self-employed person should be less than 70 years of age.
• The applicant is self-employed /trader or engaged in service industry.
• The applicant should have been in the same line of business for a minimum period of 3 years or should have inherited the business from parents.
• The applicant should be able to contribute at least 20% of the total sum required.

To calculate your indicative home loan eligibility based on your financial background you can count on Creditsafe Mortgages and see the difference.