The ITR (Income Tax Return) required for a home loan is determined by several factors, including the lender, loan amount, and borrowers income. Lenders typically require the borrower to submit ITRs for the previous 2-3 years, as well as other income and financial documents such as bank statements, salary slips, and PAN card. The ITR assists lenders in determining loan eligibility and interest rate by assessing the borrowers income, creditworthiness, and repayment capacity. To increase your chances of getting a home loan, keep proper documentation and file accurate ITRs.
