Key Points to Determine Your Housing Loan Eligibility
                     Housing Loan
Key Points to Determine Your Housing Loan 
Eligibility
Age 
• One of the most important factors lenders consider 
when deciding whether you qualify for a home loan 
is your age. Younger borrowers are ideally more likely 
to cut as they would generally have years of work 
ahead of them. Older borrowers are considered 
eligible for a home loan as well, but they may be 
provided with shorter loan terms. 
Employment status 
• Your housing loan eligibility is also determined by your 
employment status. Home loans are easily sanctioned to 
borrowers who have stable jobs at reputed companies. 
Employment for a minimum period of 3 years is required 
to consider your housing loan eligibility. There is a higher 
chance of your home loan application being denied if 
there is a difference in employment status or if you 
change jobs frequently. 
Credit Scores 
• The lender will ask you to provide several documents when 
applying for a home loan. The most important one is your 
credit scores document. This document gives lenders an idea 
of what your actions will be when repaying a loan. This 
understanding of your loan repayment behaviour, along with 
your credit rating, will help them assess your housing loan 
eligibility. To get a home loan, you usually need a credit rating 
of 750 out of 900.
Income to Expense Ratio 
• Lenders also want to measure the income-to-expense ratio 
to make sure you have enough income and can repay your 
loan promptly. In this way, they will evaluate how you spend 
your income. The lender needs to know if there are other 
current loans you are repaying. To qualify for a loan, you 
should possess at least 60% of your income after your 
monthly mandatory expenditure.
Contact US 
• Address: 9th Two Horizon Center, 901b, DLF Phase 5, Sector 
43, Gurugram, Haryana 122002
• TelePhone No: 18002009898
• EMail: [email protected]
• Website: 
https://www.clix.capital/home-loan-eligibility-documents/ 
Contact US