Suggestions to enhance your home mortgage eligibility
Submit an application for longer loan tenure: Your Loan against home EMI depends upon the tenure of this loan. Greater the mortgage tenure, greater are going to be your loan quantity eligibility. If for example the loan eligibility for a 10 12 months loan is Rs 15 lakh, you might measure the choice of taking fifteen years loan to boost your loan quantity eligibility. You may want to always check your loan eligibility with MyLoanCare Property Loan Calculator.
Prepay your existing loan entirely: For those who have a current loan next to closure, it may help to spend the loan back to boost your month-to-month cost savings and boost your loan eligibility.
Include any co-applicant (partner or moms and dads): then your overall loan eligibility will go up as more income is available to support loan repayment if you include your spouse or parents as loan co- applicant. Read more