Home Loan

> >

How to Increase Home Loan Eligibility?

Quick apply

Just 60 seconds to apply

Enter your first and last name
Enter your 10-digit mobile number
Enter your pin code

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC. T&C

An OTP has been sent on your mobile number

Enter one-time password*

0 Seconds
Enter net monthly salary
select date of birth
Enter PAN card details
Select employer name from the list
Enter personal email address
Enter official email address
Enter current monthly obligations
Select
Enter annual turnover (18-19)

Thank you

Factors that Determine Home Loan Eligibility

For those looking to increase home loan eligibility, the factors that determine home loan eligibility should be considered carefully. For home loan eligibility, lenders consider the following factors:

      • Income
      • Credit score and credit history
      • Age of the borrower
      • Income source, i.e. salaried/self-employed and nature of employment
      • Current debt to income ratio
      • Existing relationship with the lender

Use a home loan eligibility calculator to know the amount that you are eligible for, instantly.
 

Some Tips to Increase Home Loan Eligibility



      • Prepay existing loans as much as possible
      • Eliminate credit card debt
      • Pay all bills and loans in a timely manner minus any defaults
      • Get a copy of your credit report and fix errors if any
      • Have your parents/spouse as co-applicants for home loan
      • Choose a longer repayment tenor
      • Declare other income sources like dividends/returns from investments, rentals and so on
      • Choose well-known real estate projects by reputed real estate developers

Also Read: How to Calculate Home Loan Eligibility?
 

People Also Considered

Homes and Loans

Find your dream home from
18000 + properties

Explore More

Home Loan Balance Transfer

Get a top-up loan without any extra documentation

APPLY NOW

Home Loan eligibility calculator

Determine your Home Loan eligibility and accordingly plan the application amount

CALCULATE NOW

Home Loan EMI calculator

Calculate your monthly EMI, installments and rate of interest applied on the loan amount

CALCULATE NOW