Friday 6 April 2012

Eligibility conditions for a home loan


Eligibility conditions for a home loan

To qualify for a home loan, most of the lending institutions in India require you to be:
a)     An Indian resident or NRI

b)     Above 21 years of age at the commencement of the loan

c)      Below 65/70 years (depending upon the Institutions) or retirement, in case of salaried persons, when the loan matures

d)     Either salaried or self employed and 

e)     Good Creditworthy profile

f)       Clear CIBIL Report

We will discuss later on regarding CIBIL Report & Eligibility for getting Home Loan leading Institute wise.


To get more clarification on the above article write your queries in the comment.

2 comments:

  1. Large number of people look for this information on home loans but they cannot get effective one.

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    Replies
    1. Is the information provided here is effective one or this needs some more things?

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