Home loan eligibility calculations is one of the most important aspects of home loan process which needs lot of attention from the customer. In the processing increasing the home loan eligibility applicants are making mistakes unknowingly and the results of which are effecting them for the whole repayment period.

1. Tips to IncreaseYour Home Loan
Eligibility

2. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Usually customers look for maximum eligibility in a home loan
to decrease the margin money which he/she pays from his / her
end. As the banks are looking at the track and previous financial
history of customer very strictly he / she should be aware of the
points which banks usually consider in funding for any home
loan. To get maximum eligibility the customer should take care
of the below points.

3. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Eligibility ImprovementTips

4. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Should close all the liabilities which he/she is having in
his/her bank statements and payslips if possible.

5. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Mention the liabilities which you want to close to
avail this loan.

6. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Mention the balance tenure of the loans which are
having repayment period more than 12 months and
which you don’t want to close.

7. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Mention the loans which are having repayment period
less than 12 months compulsorily.

8. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Submit required proofs for your additional income like
bonuses, reimbursement and rental incomes etc.
Calculate Home Loan Eligibility

9. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Brief Note on Credit History:

10. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Credit History is the most important thing by referring which
banks are giving loans to customer. If the customer is having
any discrepancies in his/her credit history then banks are not
taking deviations or even not considering their application for
any loan. So it is always suggested to the customers to take
care of the below things to avoid these issues which will occur in
CIBIL report through which bank looks into your credit history.

11. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Please make sure all your loan payments are going
with out any bounces.

12. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Check your credit cards and their payments regularly.

13. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Convert any high value transaction in to EMI’s if you
can’t make the payment in time before statement
generation on your credit card.

14. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Avoid making late payments in your credit card or loans
accounts which attract late payment fees and in turn
spoil your credit history.

15. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Clear all your dues and over dues on Credit Cards and
Personal Loans before applying for any loan.

16. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Transfer your balances to another card if you can’t make
payment with in due date and avail a period of 90 days
for an interest free period to make payment.

17. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
If you have made any credit card settlements then keep
all the receipts’ of payments made towards those cards
for future references.

18. Tips to Increase Your Home Loan Eligibility © Myloandetails.com 2013
Don’t issue any cheques if you do not have sufficient
funds in your account.