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Tag: Finance
Joint Home Loans in India: Weighing Benefits Against Potential Risks
Applying for a joint home loan with your spouse can significantly enhance your borrowing capabilities and offer several financial advantages in India. While the benefits are compelling, it's equally important to consider the potential risks to make an informed deci… Read more
How does my employment status affect the maximum loan amount?
Your employment status can significantly impact the maximum home loan amount you qualify for. Here are the key factors: Salary Income: Banks typically limit home loans to 3-4 times one's annual salary income. Those earning higher salaries thus tend to qualify for… Read more
What are the eligibility criteria for home loans in India?
Here are the main eligibility criteria most banks and lenders consider for approving a home loan in India: Age: Applicants must typically be above 21 years of age. For salaried borrowers, some lenders have an upper age limit of 60 or 65 years. Employment: Salaried … Read more