Factors which Decide your Home Loan Eligibility
Me and my wife are young corporate professionals looking to buy property. We have some savings that we plan to use for down payment. I plan to be the one who will apply for home loan to fund the balance. But I am unsure of how much home loan am I eligible for, though I know that loan eligibility is dependent on my income, but I am unaware of specific rules which go into computing my eligibility. I therefore want clarity on all factors which decide my home loan eligibility . Is this situation relatable to yours? Ever wondered what is stopping you from applying for a loan and buying your dream house in a prominent locality of the town. Do you know the home loan eligibility criteria ? If not, then this article is meant for you. Use it to build your profile and have an edge which applying for your home loan . As per a primary eligibility, you should be an Indian citizen and atleast 21 years of age in order to qualify to apply for loan. Besides this, the lenders too put down diff