A home loan may be required at the time of buying or constructing a property. Home loans are among the best ways to finance your new abode. In case you are thinking of availing a loan from PNB Housing Finance Limited (HFL), you should check out the Eligibility Calculator for more clarity and understanding. The loan eligibility calculator will state your creditworthiness as a consumer or a borrower to be able to repay the loan amount. Many factors determine your eligibility for a home loan.
If you are willing to get a home loan from PNB HFL, you should check your eligibility through the EMI calculator. This is a very easy and efficient way. You can go through these steps to use the home loan eligibility calculator of PNB HFL –
If you want to know in detail the eligibility criteria of PNB HFL, you can click here - Magicbricks. You can also check out the eligibility criteria in brief below –
There are some other factors affecting your home loan eligibility to a great extent. You need to ensure that you are not undermining them. Otherwise, it could lower your chances of getting a loan. Here are the factors that affect your PNB HFL home loan eligibility –
Now that you know the factors that can directly or indirectly determine your eligibility, you will be able to bend them your way. There are numerous ways you can do that.
Pay Your Debt On Time
If you are reckoning how to make your credit score better, you can begin with devotedly paying your debts. This will also enhance your home loan eligibility to a great extent.
Go for A Longer Loan Tenure
The EMIs become less with a longer loan tenure. This makes the lender believe that you will be devotedly paying your debts, thereby giving you an edge.
State Additional Income Sources
If you have some additional income, it is time you declare them to your lender. This will help you become eligible for a home loan at faster speed. You can state your additional income and also the sources.
Close or Finish Other Loans
In case you are paying EMIs, it is time you close them all while you start applying for home loans. This will help you improve your eligibility.
Disclaimer: The information available on this site has been gathered from publicly available sources and is accurate to the best of our knowledge. However, please be aware that the rates and other offers may vary based on your profile and may be subject to change without notice. Therefore, we advise you to verify the information before applying for any loan through this website. Magicbricks accepts no liability for any loss arising from the use of the information on this website. Refer T&C for the detail.
(T&C link: https://property.magicbricks.com/terms/terms.html)
**This service is available in select cities only.
*These calculators are only for illustrative purposes. These figures may or may not be applicable to your particular situation. Magicbricks will not be responsible for any loss or liability arising from the use of these calculators.