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When a bank or NBFC lends a customer money for the purpose of buying or building a house, it is known as a home loan. The property purchased / built is held by the lender as security till the entire loan amount along with interest is repaid. Only on repayment of the full loan amount including the interest, will the lender release the property title to the customer.

Different lenders have different eligibility requirements. You can check your eligibility for home loan by using the lender’s home loan eligibility calculator online. You need to demonstrate a stable income and employment history. Additionally, you also need to satisfy the age criteria.

There are a lot of resources available online. Almost all lenders provide instant eligibility approval online or online eligibility calculators. You can use them to check what kind of loan you qualify for.  The online eligibility check is based primarily on your age, income and employment status.

It is important to do research on the best loan offer and interest rates, given the many options on the market.Make sure you have a good credit score before you apply for a home loan, to avoid rejection.Do not choose a home that is too expensive for your level of income, banks might turn down your application.Try and pay off any outstanding loans that you have – lenders might not be willing to give you cred

Taking a home loan can be a time-consuming and stressful decision. But here are some tips on how to make it a smoother, less anxious process:• Make sure your credit score is at least 750 and above. The higher the score, higher the chances of approval.• If your credit score is low, do not apply for a loan since you might be offered unfavourable terms. Instead, work on raising it to the desired number. T

Before applying for a home loan, you need to choose the home loan offer best suited to your budget and needs. Once you have finished with the research, you can apply online with your chosen lender. You can also walk in to the nearest branch of your lender and apply along with all the required documents. You can even track the status of your application online as well, although it varies from lender to lender.If you want guidance w

You can download the application form available on their website, fill the form and go in person to the nearest branch along with all the required documents. Alternatively, you can also call their customer care for help with your application process. You can also apply online or request a callback.

You can use CreditMantri’s online home loan EMI calculator in order to calculate your home loan interest amount. All you have to do is to input the loan amount, the interest rate and the tenure of the loan, and the calculator does the rest.It presents you with the EMI amount to be paid, as well as an Amortization Table which gives you a clear picture of the payment structure and schedule. The table gives an ac

In order to be eligible for a home loan, you need to be• A Salaried individual, or• A self-employed individual/ professional.You must qualify in terms of the minimum age and income requirements of the lender and be able to demonstrate a stable income. Different lenders have different eligibility requirements. Most of the lenders have online eligibility calculators on their website, which you c

Calculating your Home Loan EMI is the most important aspect of any loan. You won’t know what your exact financial outflow will be unless and until you have calculated it for yourself accurately. Using an online home loan EMI calculator will help you determine how much each loan will cost you.You can use CreditMantri’s online Home loan EMI calculator in order to plan your finances and determine exactly ho

It can be very confusing to evaluate the multiple loan offers available in the market. Calculating EMI is even more stressful. Using an online home loan EMI calculator will take the load off from you and help you determine how much each loan offer will cost you.You can use CreditMantri’s free online Home Loan EMI Calculator to compare various home loan offers. The calculator gives you an accurate picture of yo

Home loans are one of the most popular financial products in India.Before applying for a home loan, be absolutely sure of these things – that you have a good credit score, your finances are well planned for repayment, and interest rates/loan offers thoroughly researched.  Go through the fine print on the terms and conditions of every loan offer. Compare the features and benefits to determine which home loan of

Yes, it's possible. You can borrow money from any number of banks, but this is generally not a good idea because it will increase your monthly EMI burden. If banks believe you have too many outstanding financial obligations for your income level, your chances of getting a loan diminish. There's a significant chance you'll be turned down for a loan because lenders are concerned that you won't be able to meet your responsibilities.

Various traditional banks and non-banking financial institutions offer personal loans for every need and budget. Once you have decided on your lender, you can either walk-in to the lender’s nearest branch along with a copy of all the requisite documents and complete the application process. You can also call their customer care number for guidance. You can also apply online on their website, thought this option varies from lender

It depends. Securing a personal loan without any history is difficult but not impossible.If you have your savings account with a lender for a certain period of time, then you might be eligible for a loan even though you have no formal borrowing history. Also if you go to a lender who focuses on income and employment status rather than credit history, you might be able to secure a loan. However, keep in mind that the loan you a

Yes, it is possible to get a personal loan with bad credit. But having a bad credit score means availing of the loan (if you are approved) at highly unattractive terms like a high interest rate. You might be also asked to pledge collateral as form of security. Its best to wait to improve your credit score before applying for a personal loan, so you get better terms.

You can go to any private sector or government bank and other Non- Credit card Financial Company (NBFC) for a personal loan. You can either apply online or go in person to the nearest branch in order to submit your loan application form. You can also calculate your eligibility online and decide what loan amount you qualify for.

Your personal loan application could be rejected for various reasons. Following is listed some of them:• Having a bad credit score and history• Defaulting on loans• Late payment behavior• Insufficient income• Previously credit card and loan application rejection• 

It is very difficult to secure a personal loan with bad credit, mainly because it is an unsecured loan – i.e. the bank does not hold any security in case you default on your payment. Lenders primarily look at your credit score and history and income before making a lending decision, hence it becomes very important to have a good credit score.However, if you have a good monthly income and not many loan obligations, lender

You can apply in either of the following ways:• Online, by filling the application form and uploading the required documents• By visiting any Axis Bank Loan Center. You can find a list of centers listed online on the Axis bank websiteBy contacting the Call Center at any of the toll free numbers mentioned on their website.

If you are in need of a loan, it is advisable to get your Credit Information Report (CIR) and check your credit score. If your credit score is 750 or above and you have a healthy credit history, that is the best way to ensure a smooth approval process.If you have a poor credit score, start work on improving it immediately before you apply for a loan. If you find any errors in your report, file a dispute with the credit b