Bank Statement: Your Financial Health Mirror; Control Your Balance for Loan Success!

• Bank statements are crucial for loan approvals, especially for self-employed individuals, reflecting financial health beyond ITRs.
• Regular credits indicate stable income, while irregular large sums suggest instability to banks.
• For self-employed, consistent cash flow in bank statements is more vital than income tax returns.
• Disciplined spending and regular income assure banks of repayment capability; frequent large expenses or transfers raise red flags.
• Avoid sudden cash deposits, luxury spending from business accounts, gambling, or credit card rollovers to maintain a healthy financial profile.

Why It Matters: Manage your bank statement diligently; it's your financial identity and key to future loan approvals.