Enhancing Your Home Loan Eligibility

Category: Entertainment

Presentation Description

home loan interest rates, housing loan interest, housing loan interest rates, interest on housing loan, best home loan, home loans in india, home loans interest rates, house loan interest, housing loans, house loan interest rates, home loan rates, home loan for women, home loan offers, home loans rates, loan for home, Home Loan Processing Fees, current home loan interest rates, home loan, housing loans.


Presentation Transcript

Home Loans :

Home Loans

Enhancing Your Home Loan Eligibility:

Enhancing Your Home Loan Eligibility


Your loan eligibility determines whether your loan application will be approved or not and if approved, the amount of loan that is likely to be sanctioned. It is based on a comprehensive assessment of your credit worthiness, which depends on your income and debt repayment ability


Joint application: As income is a primary criterion, you could consider making a joint home loans application. Any other earning family member (including spouse, sibling or parent) can become a co-applicant for the loan. In this case, as the clubbed income level would be higher, the loan eligibility would also be higher.


Repaying other obligations: Lenders also consider your existing borrowings before approving a loan. With access to a central database updated by all lenders, each lender can find out about your existing debt level. If your existing borrowings are high, it could affect your eligibility to avail further loans. Therefore, to enhance your eligibility, it is wise to reduce your other loan obligations before applying for a home loan. [Source : http://www.itsallaboutmoney.com/banking-products/loans/enhancing-your-home-loan-eligibility/]


Follow us on : https://www.facebook.com/HDFCHomeLoanExperts https://twitter.com/HomeLoansByHDFC https://www.youtube.com/user/hdfcltd https://www.linkedin.com/company/hdfc?trk=top_nav_home


Click to know more on Home Loans : https://www.hdfc.com/home-loans-salaried Thank You…

authorStream Live Help