There are a number of factors that have a bearing on eligibility for a housing loan. The banks have their own criteria to determine the eligibility and quantum of housing loan. It would do well for borrower to be aware of some such factors.

To begin with, it is the information on the application form. The information submitted in the application form by the individual is verified from various primary and secondary sources - through interviews, calling up the employer, verifying from the database etc. In case of wrong information or inconsistencies, the loan application is liable to be rejected. [Read more]

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