Beyond Salary: Your Bank Statement is Your Real Income Story for Loans

• For self-employed, bank statements are more crucial than profit-loss statements for loan eligibility.
• Banks prioritize real, stable, and continuous income patterns over declared tax returns.
• Focus is on consistent cash flow and monthly averages, not just high turnover.
• Irregular cash deposits or personal transfers can raise suspicion; regular customer payments are preferred.
• Spending habits, existing EMIs, and inter-account transfers significantly impact loan assessment.