What lenders look for
Home loan eligibility is shaped by income, employment history, credit score, age and the value of the property. FinGrowth helps you review each factor before you apply through our home loan services.
Income and employment
- Salaried applicants need stable income and employer records.
- Self-employed borrowers should show business turnover and tax filings.
- Additional income sources can improve eligibility.
Credit profile
Most banks prefer a CIBIL score of 700 or above for home loan approval. A healthy credit history helps you access better interest rates and higher loan-to-value ratios.
Property details
The type, location and approval status of the property influence the loan amount and processing time. Lenders also verify RERA registration and property documents.
