The home loan market has been booming in the country over the last few years, and housing loans are more accessible. However, availing a home loan without analysing repayment capacity can put a borrower in a tough financial situation.
Therefore, it is of utmost importance to gauge if you can afford the loan. Several online platforms have integrated home loan affordability calculators into their portals. By entering a few basic details, the portal will determine if you can afford a particular loan or not.
Non-Availability – If you cannot be contacted by the bank on the phone number or in the address you have provided, it is likely that you home loan application gets rejected. Ensure that you provide correct details to the bank and also are available when they approach you for verification. Your non-availability may cause a rejection in your home loan application
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.