Home loan eligibility

Finway Capital11 Mar, 2021Finance

The home loan eligibility of an applicant is evaluated by the banks or lending institution. It majorly depends on the applicant’s eligibility for repaying the loan. Various factors come into play, like age, income, credit score, and credit history. The bank or lending institution usually asks for collateral, especially in the case of people in business or self-employed applicants. The creditworthiness of the applicant decides whether the loan will be sanctioned or not.