Criteria banks use to evaluate home loan applications

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Property Loan Interest Rate
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Criteria banks use to evaluate home loan
applications
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• Buying a dream house is an aspiration most
  individuals wish to fulfill in the course of
  their lives.
• The process involves a huge commitment of time,
  energy and, most importantly, funds.
• To make such a large-scale investment, proper
  research and preparation needs to be done.
• Home loans help in making such an investment and,
  in the process, making the dream of owning a
  house come true for many.

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• Documentation
• The first thing a lending institution seeks from
  you is the document detailing the house you are
  looking to buy with Property Loan Interest Rate
• The institution wants to know whether the
  property you have chosen has all the requisite
  clearance from the local government.

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• Income to Debt Ratio It is important for you to
  declare if you are paying EMIs (equated monthly
  installments) on any other loan at the time of
  application.
• This is one of the deciding factors for your loan
  application. To understand how a loan application
  gets reviewed
• Source http//economictimes.indiatimes.com/wealth
  /borrow/criteria-banks-use-to-evaluate-home-loan-a
  pplications/articleshow/53539534.cms

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