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4 Factors That Affect Home Loan Eligibility in India

If you want to avail home loan in India then check the important factors that affect your eligibility. Home Loan Eligibility in India depends upon various factors such as income, employment status, credit score, age, existing debts. Click here to know about factors that affect house loan eligibility in detail now! Read More: https://www.pnbhousing.com/blog/40000-salary-home-loan/

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4 Factors That Affect Home Loan Eligibility in India

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  1. 4 Factors That Affect Home Loan Eligibility in India Home loan eligibility criteria are factored alongside your age as well. The lender is concerned with how many years you have left as a salaried or working professional. 01 AGE 02 A credit score of 700 and above will increase your position higher for house loan eligibility. The score has a direct impact on your interest rate. CREDIT SCORE Numerous debts and loans are not a problem. However, unpaid dues are always a concern for lenders. Also, lenders pay special attention to your repayment pattern. 03 EXISTING LOANS The length of the home loan or the tenure you choose also determines your eligibility. If you choose a long tenure, your EMIs will reduce which will increase the loan amount eligibility. 04 TENURE https://en.wikipedia.org/wi ki/Loan REFERENCE URL https://www.pnbhousing.com/ blog/40000-salary-home- loan/

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