Smart tips for increasing Home Loan eligibility
Applying for a Home Loan is one of your life’s most important financial decisions. Banks use several measures to determine a borrower’s eligibility. You should know how they do it to get a better idea and higher chances of approval for the desired Loan amount.
The eligibility for Home Loans is determined by considering numerous factors, such as income, existing obligations, applicants’ credit history, etc. Banks may also consider the Loan’s purpose, whether for the purchase or construction of a new property or against the existing one.