Your credit history and income are not the only factors lenders consider before giving you a home loan

Your Age and Income

Lenders look beyond your salary. Home loan eligibility is based on the income of the applicant and the number of working years left.

Too Many Enquiries

Making too many enquiries could mar your chances. It would seem like nobody is ready to lend to you. This lowers your credit score, even if you have not availed of any loan.

No Credit History

No credit till date does not give you an upper hand. On the contrary, not having a loan history means there is no way the lender can evaluate your creditworthiness.

Property Background

Blacklisted projectsdevelopers may be a reason for your application being rejected. Banks may lend for only those developers they have a tie-up with. Lenders are rarely keen on old properties.

Family Background

If you are a woman, your marital status could pose a problem.Banks may fear the woman might stop working post-marriage and put the repayment in jeopardy.