Your Loan Eligibility Holds the Key to Your Dream Home
Telemarketers and salespersons are known to be persuasive when it comes to selling you financial products. But while they may assure you that your dream home is just a loan application away, it is seldom as simple as that.
This is so because the onus to satisfy credit parameters and prove that you are eligible to take a home is on you, the borrower. And this is where the question of loan eligibility comes in. Your ability to repay the loan without missing the schedule for equated monthly instalments (EMIs) plays the biggest role in getting an approval for your Home Loan.