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5 Simple Steps to Increase Your Home Loan Eligibility

Use the interactive home loan calculator to calculate your home loan EMI. Get all details on interest payable and tenure using the housing loan calculator<br>

ShreekantRao
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5 Simple Steps to Increase Your Home Loan Eligibility

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  1. Emi Calculator

  2. 5 Simple Steps to Increase Your Home Loan Eligibility

  3. Applying for a housing loan is a big decision that is sure to have a noticeable impact on the way you manage your finances. Banks or financial institutions offer housing loan options to people. • Though the procedure of securing the approval for the loan is quite transparent, you have to start with clearing the eligibility criteria. • Broadly classified under the category of home loan eligibility, it is important for loan applicants to fulfil these criteria in order to secure the approval of the bank or the financial institution.

  4. 1. Understand your home loan eligibility This is a simple calculation Emi Calculator that tells you about the loan amount that you are eligible to avail on the basis of the earnings and the savings that you make. 2. Self-employed or doing a job? Banks and financial institutions prefer applicants who have a stable and regular source of income through a job in a public or private sector company as opposed to businessmen and self-employed individuals. 3. Improve your credit history Banks will not give you loan if you have a bad credit history. So, if you are a defaulter or are already battling a heavy debt on your head

  5. 4. Age of applicant Banks disburse home loans based on a simple fundamental. If the person is in his or her younger days, he can comfortably pay the EMI's for a longer duration of time. 5. What is your employer category? If you are working with or for big companies like Tata, TCS, Infosys, etc., you are most likely to get better interest rates and home loan deals as opposed to your counterpart working in a small time firm. [Source: http://www.sooperarticles.com/finance-articles/loans-articles/5-simple-steps-increase-your-home-loan-eligibility-1378510.html?]

  6. 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

  7. Click to know more on Emi Calculator : https://www.hdfc.com/home-loan-emi-calculator Thank You…

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