Does the title sound too good to be true to you? Well, it isn’t. we at INRCredit would be happy to do so and it is safe to say we know quite a bit about it too.

So, what is “no income proof”?

Before we begin, it is important to understand what no income proof really means. In developing countries like ours, quite a good sector of society belongs to low income groups and economically weaker sections who are mostly overlooked in terms of food, healthcare, basic banking and education. Many of these people may not have access to basic banking and documented income proof. Having income but no hard copy to prove so is possible due to a myriad of reasons. They may be getting their salaried in cash or they may be operating small businesses which are not registered. Take an auto rickshaw driver for example or an owner of a small kirana store. These people may be well capable of repaying the loans but may find the financing nearly impossible. They are unaware of the fact that there are financing institutions like us who are willing to help them in procuring a housing loan without itr.

How do we do it?

We place our belief in touch and feel credit. So, instead of hassling you will a never ending list of required documents we first focus on hearing your side of story ask you to keep you to keep handy a copy of your identity proof which helps us understand your incomes, savings and liabilities. We take time to understand your family background and need for the loan. We believe in our customers and treat each one of you with empathy and focus on making it possible for you to buy a home.

Why we do it?

Gathering all the above mentioned information helps us in counselling our prospects in a better way. It also gives us a deeper insight into their capacity to pay EMIs and may even let the prospects get a higher loan eligibility.

Our decisions are data driven and we take calculated risks since we have promises to keep. We would not be satisfied if a person is unable to get a home loan if he is truly eligible. So we aim to focus on lending and credit giving facilities in a whole new light so as to bring a positive change in the society.

Source:https://www.freeprnow.com/pr/the-ultimate-guide-to-home-loans-without-income-proof