Here’s how banks determine your home loan eligibility
                     Here’s how banks determine your home 
loan eligibility
The Basics of Home Loan
• A home loan is a type of loan that is 
specifically taken to purchase a home. 
It is not flexible for any other expenses. 
The one-time disbursement comes 
with a flexible repayment structure. 
The total loan amount along with the 
rate of interest is paid in equal 
monthly installments. This makes the 
loan repayment easy and hassle-free. A 
home loan is a valuable loan and needs 
a lot of eligibility criteria to be 
maintained. To avoid risks, the banks 
will make sure that you are capable of 
repaying the amount within the tenure. 
What are the things considered by every 
bank? 
• The property: The property that you 
are interested in will matter a lot. If 
the property is of good value, at the 
right location, or by a reputed builder, 
the eligibility criteria process will be 
easy. This is because in case of your 
default, the banks will be able to 
recover the entire amount from the 
property. 
Credit score
• A credit score is the most essential 
factor that needs to be considered. If 
you have a good credit score your 
eligibility criteria will be fulfilled. It 
will be easy for you to settle up with a 
good loan option as the loan provider 
will take this into account. A credit 
score will be taken into account to get 
approval or rejection. 
Income
• Your income from the bank 
account and cash flow statement 
will be depicted. You need to work 
on your income because the banks 
will check your credit background. 
The income will play a vital role in 
deciding the result of your loan 
application. 
Clix Capital Services Private Limited
 Address: 4th Floor, Kailash Building, Kasturba Gandhi Marg, Connaught Place, New 
Delhi-110001
 Call us: 1800 200 9898
 Email us: [email protected]
 Website: www.clix.capital