To increase your eligibility for the Oriental Bank of Commerce home loan, you must first work on your credit score. The higher the credit score, the better the chances of easily securing a home loan. 

Besides improving your credit score, here are other ways in which you can improve your eligibility:

  • Salary - Salary is a very important criterion for a home loan. If you do not match the salary criteria stipulated by the Oriental Bank of Commerce your application will be rejected.
  • Adding a co-applicant – A co-applicant with a good credit score can help in improving the chances of easily securing a home loan from OBC bank. This can also mean lower interest rates if the co-applicant has a good overall credit track record.
  • Clear outstanding debt – If you have any outstanding debt, you must ensure to clear it before applying for a fresh home loan. This will indicate good credit management capability on your part and also reduce the overall debt burden in the long run.
  • Opt for higher loan tenure – Since your home loan eligibility is mostly calculated basis your repayment capability, the higher the home loan tenure application, the better the chances of easily securing a home loan. 
  • Avoid frequent credit enquiries if you want to improve your eligibility for easily securing a home loan from OBC bank. This is because frequent credit enquiries are considered a desperate financial situation on part of the borrower and viewed negatively by lenders. 

Before making a loan application, always calculate all earnings combined instead of just salary or main income. This will help in improving the chances of availing of a home loan.