HOME LOAN ELIGIBILITY
Income The income of the person should vary somewhere between 5 to 7 lakhs. Parallel debt channels In this the bank looks into the current credit standing of the person who wants the loan. Age The person who takes the loan should be at least 21 years old. The person has to repay back the loan before he turns 60 or 65 years old. Residence You need to stay for a year at the current residence to show stability with respect of the employment. Employment The person who takes the loan should be a salaried person a self employed person. Home loan eligibility for businessmen wants the business to have existed for at least 3 years. Income The income should be between 5 to 7 lacs. Credit Rating a credit rating between 750 to 900 is required.
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Category: Financial Services
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