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  1. #1
    Join Date
    Jun 2015
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    1

    Default How to Get a Loan With No Financial Records

    Hi, I am doing real estate business. my earnings are above 1.5L per month. But I don't any any documents of paying tax and not even for my firm. wat can I do to take loan?

  2. #2
    Join Date
    Sep 2005
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    Behind a Desk
    Posts
    98,846

    Default Re: How to Get a Loan With No Financial Records

    If you can find a lender dumb enough to give you money despite your failure to maintain even the most basic financial records for your business, you're free to take the loan. That's not a question that raises any legal issues.

  3. #3

    Default Re: How to Get a Loan With No Financial Records

    What kind of loan? To purchase real estate? Seller financing is available to you if you put enough down and find a motivated seller. Otherwise, you're not going to find much in the legitimate lending world.

  4. #4
    Join Date
    Mar 2013
    Posts
    17,924

    Default Re: How to Get a Loan With No Financial Records

    Quote Quoting shruti0022
    View Post
    Hi, I am doing real estate business. my earnings are above 1.5L per month. But I don't any any documents of paying tax and not even for my firm. wat can I do to take loan?
    What does the "L" mean in "1.5L"?

    If that's a monetary unit of a country that's not the US, we would have no idea what the lending qualifications are.

  5. #5
    Join Date
    May 2015
    Posts
    27

    Default Re: How to Get a Loan With No Financial Records

    My dad always told me, before you can qualify for a loan, you have to prove that you don't need it.

  6. #6

    Default Re: How to Get a Loan With No Financial Records

    That's 1 point 5 lillion doubloons of course. Duh.

  7. #7
    Join Date
    Mar 2013
    Posts
    17,924

    Default Re: How to Get a Loan With No Financial Records

    Quote Quoting Tang Zulu
    View Post
    That's 1 point 5 lillion doubloons of course. Duh.
    Good one, Mr Zulu.

    Now set a course for Romulus, but don't Remus.

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