For all types of loans (secured and unsecured), the applicant must show proof of income so that lenders can evaluate your repaying ability. Although a housewife works hard for the family’s well-being, she is still treated as a non-earning member. Despite this, there are options to become eligible for loans.
Getting a co-applicant who has a good credit score and consistent monthly income can help you get a mortgage. The approval chances are higher with a co-applicant and you can secure the loan easily.
Most lenders such as NBFCs and private financial institutions do not ask for income proofs for gold loans. You can just walk into any such organizations and pledge your gold and get the money required.
Are you looking for a secured loan? You can check your eligibility with CreditMantri.