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Sunday, May 22, 2016

Home Loan Amount and Important Factors..!


The home loan amount depends on a number of factors like age, income, number of dependents, qualifications, assets and liabilities, income stability, business, profits, etc. 
However, there are ways in which to increase loan eligibility and amount. If a spouse or / fiancee is earning, applying together as co-applicants can increase chances of a larger loan amount.

 In such cases, proof of marriage must be submitted. 
On the contrary, if there are any co-owners they must necessarily be co-applicants. Providing additional security such as bonds, fixed deposits and LIC of India policies may also help to enhance eligibility. 
However, the most important factor in sanctioning loans is repayment ability. The total cost includes registration charges, transfer charges & stamp duties.
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Home Loan Amount and Important Factors..! Reviewed by S. Chitra on May 22, 2016 Rating: 5 Home Loan Amount and Important Factors The home loan amount depends on a number of factors like age, income, number of dependents, qual...

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