Tips to Increase Home Loan Eligibility


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Home is where the heart is but buying a dream home is not possible for everyone. Many people opt for home loans to fulfil their aspirations of having their own house. Home loans not only offer financial assistance but also give the borrower the option to repay the loan over a long duration. However, getting a home loan is not always easy, and the eligibility criteria set by lenders can be strict. In this blog, we will discuss some tips to increase home loan eligibility and help you fulfil your dream of owning a home. The target keyword for this blog is “Home Loan Eligibility”, and the related keywords are “EMI for 1 crore home loan” and “Housing Loan Eligibility Calculator.”

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Tips to Increase Home Loan Eligibility

1. Maintain a good credit score: Your credit score is one of the most critical factors that lenders consider while determining your home loan eligibility. Having a high credit score assures the lender that you are a low-risk borrower, which increases your chances of getting a home loan. To maintain a good credit score, ensure that you make timely payments for all your credit card bills and any existing loans.

2. Increase your income: Higher the income, higher will be your home loan eligibility. If you want to increase your home loan eligibility, you can opt for a second income source by doing freelancing work or investing in stocks. This could improve your overall income and, in turn, increase your home loan eligibility.

3. Opt for a well-known employer: If you work for a reputable company, your chances of getting a home loan increase. Lenders consider reputed employers as stable and reliable sources of income and are more likely to approve your home loan application.

4. Clear existing loans: If you have any existing loans like car loans or personal loans, try to clear them before applying for a home loan. Lenders may not provide you with a home loan if you have too many existing loans, as it can affect your repayment capability.

5. Co-borrower: Having a co-borrower like a spouse or parent can also increase your home loan eligibility. A co-borrower’s income is added to the loan eligibility calculation, thereby increasing the overall eligibility.

EMI for 1 Crore Home Loan and Housing Loan Eligibility Calculator

EMI for 1 crore home loan and housing loan eligibility calculator can be a useful tool to help you determine your home loan eligibility. You can use online calculators to estimate your monthly EMI for the desired loan amount. Using a housing loan eligibility calculator can help you understand how much loan you can expect to get based on your financial capacity and other factors like credit score, age, income, etc.


Buying a home is a significant step towards achieving your financial goals. And getting a home loan can help you fulfil your dream of owning a home. By following the above tips, you can increase your chances of getting a home loan and improve your home loan eligibility. Remember to use online tools like housing loan eligibility calculators and take the help of experts to understand the complex home loan process better. With careful planning and research, you can make informed financial decisions and make your dream home a reality.

larablogy singhal
larablogy singhal
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