When you apply for a home loan, your eligibility is primarily dependant on your income and repayment capacity.
There are also some other factors that will determine your home loan eligibility –
Your age, financial position, credit history, credit score, other financial liabilities etc.
You can enhance your eligibility for a home loan by –
Adding an earning family member as co-applicant.
Availing a structured repayment plan.
Ensuring a steady income flow, regular savings and investments.
Furnishing details of your regular additional income sources.
Keeping a record of your variable salary components.
Taking actions to rectify errors (if any) in your credit score.
Repaying ongoing loans and short terms debts.
Gross Income (Monthly)