Want a Mortgage Loan Without ITR and Income Proof? Check The Best Way


A financial crisis can come out of nowhere, forcing you to explore ways to arrange the money needed to sail over a crisis. And, availing a loan is the simplest way to tide over any financial problem. However, when you apply for a loan, the lender requires multiple documents, including income proof and Income Tax Returns (ITR), to determine your repayment capability.

But, that doesn’t mean you cannot apply for a mortgage loan without income proof. Go through this article to discover some ingenious ways to avail amortgage loan without income proof and ITR.

Before we delve deeper, you might want to take a look at the documents required for a mortgage loanwithout ITR and income proof.

  • Application form with photograph
  • Identity proof like PAN card, Aadhar card, Driving license, Voter ID card, etc.
  • Address proof like Aadhar card, Passport, Electricity or Telephone bill, etc.
  • Six-months’ bank account statement
  • Processing fee cheque
  • Property documents

Generally, a lender will look at your six-months’ bank account balance to check the cash inflow and outflow. To increase the chances of mortgage loan approval, you should try to keep at least three months’ EMI amount in your account.

How to Increase the Chances of Mortgage Loan Approval Without ITR and Income Proof

Here are the things you can do to increase the odds of mortgage loan approval.

Explain Your Income Source

When you submit the documents required for mortgage loan, the lender expects you to submit an income proof. However, as you want to avail a mortgage loanwithout such proof, the lender might want to know what do you do for a living. It is important to disclose every source of income, as any misrepresentation or withdrawal of information may lead to loan rejection. It may also impact your credit score negatively.

Keep Your Savings Account Loaded With Cash

Keeping your account loaded can be an excellent way to assure the lender that you have sufficient money to sustain yourself and your family and yet pay the mortgage loan EMIs. The idea is to show them your budgeting skills and how you plan to deal with a sudden jump in financial obligations.

Increase Your Downpayment and Decrease Your LTV

LTV means Loan-To-Value, which means the mortgage loanamount you can borrow proportionately to the value of the property. Generally, all reputed lenders approve mortgage loans of up to 60% of the property’s value. Furthermore, RBI guidelines state that a borrower needs to pay at least 10% of the total loan amount as a downpayment. If you want to increase your eligibility, consider increasing the downpayment to at least 30%. By increasing the downpayment, you can lower your LTV, and the lender may consider your mortgage loan as a risk-free loan.

Avail a Joint Mortgage Loan

Perhaps the simplest way to secure a mortgage loan approval without ITR and income proof is by applying for the loan with someone else. However, the other applicant needs to have a stable income and a high credit score. As the lender would club the eligibility of both applicants while considering the merit of the loan application, the chances are high that your loan application will get the lender’s approval seal.


Getting a mortgage loanwithout ITR and income proof can be easy when you possess the documents required for loan application. Aim for a high credit score while also taking care of the tips mentioned here to secure loan approval.