Are you looking to buy a house this Diwali? You can fulfill this dream through a home loan. However, there are many people whose loans get rejected, and their dreams remain unfulfilled. If you want to get a home on loan, then you must keep some information with you, so that you can get rid of the troubles.
check your eligibility
The first thing you should do is check your eligibility before taking a loan. Do not apply without checking your eligibility. Every bank checks the eligibility for the loan. You can easily check your eligibility on Home Loan Eligibility Calculator.
submit document
First of all, submit all your documents and follow the guidelines of the bank. Aadhar card, PAN card, electricity or telephone bill, salary slip, income information, bank details and property documents must collect these important documents. If you do not have any of these papers, then your loan may also get rejected.
How can application be rejected
First of all, you have to make sure that you do not already have any bank dues on you. If you have outstanding dues then your loan application is more likely to be rejected. In such a situation, make sure to clear the arrears.
CIBIL score must be more than 750
When you apply for the loan, the bank checks how is your repayment behavior? It all depends on your CIBIL score. CIBIL score above 750 marks is considered better. If you have a good CIBIL score then it becomes easy for your loan to be approved.
Also read: 1 year old baby Briggs is earning 75 thousand rupees every month, made his debut on social media only 21 days after birth
If you take a new house during the festive season, then you can get many benefits. According to the latest figures, home loans in the country are currently at a low level. In such a situation, you are also getting gift offers, so what is the matter, book your new dream home as soon as possible.
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