Getting a house of one’s own is a dream for many, and in its pursuit, individuals plan their finances to buy the property.

2.  Getting a house of one’s own is a dream for
many, and in its pursuit, individuals plan their
finances to buy the property.
 People applying for a home loan can be
turned down from getting the application
accepted for many reasons. It is important to
understand what can cause the rejection.

3.  NOTE:
 Always check the home loan EMI calculator
to know the amount to repay until the
completion of tenure at which the borrowed
funds need to be given back.

4.  If someone applies at loanbaba.com for
borrowing subsequent amount to purchase a
house, they can be assured about quick and
reliable guidance, thus chances of home loan
refusal is next to none.
 The website allows for paperless application
as all the documents are verified over the
internet itself.

5.  The area of the property (if smaller than
required), could result in refusal of home
loan, but not always.
 Financial profile of the person will really say a
lot about his/her credit score and ability to
repay.

6.  If the banks find out that the borrower cannot
pay the equated instalment, then the loan
maybe refused.
 Now use home loan EMI calculator to know
the respective amount to be paid.

7.  If the property is owned by many, then the
co-owner must not be a minor.
 The age limit will impact the tenure of the
repayment, and instalments to be given as
well.

8.  A bad credit score, no security, or lack of
funds, assets to pay for the home loan in
future and the related equated monthly
instalment can draw a red flag as well.
 In case of technical or legal discrepancy such
as unclear title deed etc. the application can
be rejected.