Here are some of the best ways to increase IDFC home loan eligibility:

  1. Add a co-applicant - You can improve IDFC bank home loan eligibility by adding an earning family member who has a good credit score as the loan’s co-applicant. This can also enhance the loan amount that you can borrow since your EMI payment capacity will increase. 
  2. Maintain a credit score over 750 - A credit score around 750-800 can boost your IDFC bank home loan eligibility since it indicates high repayment capacity. With a high credit score, you can also fetch a lower interest rate. Make sure to check your credit score regularly to take timely and corrective steps for enhancing your score.
  3. Repay your debts on time - Repaying your debts on time can help build a good credit score and enhance your IDFC bank home loan eligibility. 
  4. Show additional income sources - Your IDFC bank home loan eligibility can be enhanced if you show any additional sources of income since it indicates higher repayment capacity. 
  5. Choose a longer loan tenure – Opting for a longer home loan repayment tenure can increase your IDFC bank home loan eligibility since the EMI amount is lower in such cases. This ensures the bank that you are more likely to make timely loan repayments. While the bank will treat this as a lower risk of lending, it may lead to a higher interest rate through the loan tenure.

With these measures, you can improve your eligibility and easily avail of a home loan from IDFC bank.