Home loan eligibility

Q: My dad want to purchase a house and he is planning to take a home loan. is he eligible for take home loan?

Devank, Bangalore

9th December 2014

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Replies (3)

His age would be a factor where his application can get rejected. Why dont you take a loan and make him a guarantor on your loan.

Deepali Mohite,

15th January 2016

Comment

Hey Deepali, Can you be little elaborate on what you have said that " age can be a factor"?

surya.b, Bangalore

22nd January 2016

yeh you can take home loan for any bank for any type of queries you can contact me

Lalit Kumar, Bangalore

9th December 2014

Comment

For example, if the applicant age is 30 years and his retirement age is 60 years, then the tenure a bank can offer maximum is 25-30 years. The applicant who is close to the retirement may find challenges as the regular income will be stopped. Moreover, Banks also do not prefer applicants who are less than 21 years of age.

Dharmesh Shukla, Bangalore

9th December 2014

Comment

One of the easiest way to enhance the loan eligibility is to join the income of your family members. If a husband and wife both are working, then their combined income will strengthens the loan eligibility by making twofold amount.

Rakesh, Bangalore

9th December 2014