How to get your home loan approved
Is money standing between you and your dream house? A home loan at the lowest interest rate would be your answer? These are some tips to get your home loan approved without a problem. Maintain a good credit score Any loan that you take, every credit card expenditure is recorded these days by banks and various agencies. One of them is CIBIL. Whenever you approach a bank to take a home loan, the first thing the bank will do, is to look up your CIBIL score. If you have been repaying your loans regularly, the bank will be more than happy to evaluate you as a potential home loan customer. You can apply for a home loan with any CIBIL score, but your home loan application is more likely to be approved if your CIBIL score is 725 or above. Seek a home loan amount within your means When you apply for a home loan, banks check your liabilities against your income and assets. This means, your income will be stacked against your EMI. The bank will try to asses