Surrogate Programs

As we know that generally all the banks and financial institutions always looks for the income proof of the individual while lending the fund to him. But now a days many banks have introduced a loan surrogacy program to help the self-employed persons to enable them to purchase the property.

In this scheme, loans are granted not on the basis of regular income of the borrower but instead on the basis of his past records for loan repayment or reasonably sufficient bank balance. Lender look for the future prospects of income by analyzing the trade industry and sustainability of the business.

These are the unsecured loans which are provided without checking for the income proof, on the basis of following factors:

Following are the main forms of surrogate loans: