Home Loan Approval: How to Get Home Loan Approved Faster
Buying a home is one of most people's biggest investments in India. Many still wonder, “When is the right time to buy a house?” In the past, people usually waited until they were 45 or older and more financially secure. But things have changed. Today, banks offer home loans with low interest rates, long repayment periods, easy EMIs, and tax benefits, making it easier for younger people to take the plunge. Even though getting a personal loan for a home is easier now with benefits like flexible repayments, up to 90% funding of the property value, and minimal paperwork, you still need to meet the lender’s eligibility requirements. That’s why planning ahead is key. If you’re thinking of applying for a home loan, here are some helpful tips from Lendvia to boost your chances of getting approved. Understand Your Eligibility Criteria Lenders follow strict eligibility rules. Income, age, employment type, and credit score play key roles. Meet the minimum income bracket. Maintain a stable j...