A Home Loan requires a borrower to pledge the property to be purchased as collateral. You may qualify for this type of credit by fulfilling your lender's set eligibility criteria.
The basic home loan eligibility criteria or mortgage loan eligibility criteria are as follows:
Typically, you must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at home loan maturity
Typically, a credit score of 750 may be considered a good score for approval.
Ruloans Home Loan Eligibility Calculator, a part of Ruloans Digital Tools and Resources has been built and developed to inspire you to pursue your goal for a better financial life.
Based on proprietary algorithmic engines to compute home loan eligibility, the benefits of this calculator has the ability to light up your eyes.
Being an online digital resource, it can be accessed anywhere, at any time via your Desktop, Laptop, Tablet, or Smart Phone.
Select your loan value using the range sliders, and you have your result displayed instantly. This effortless process gives you real-time results without you having to worry about manual calculator deficiencies.
Ruloans Home Loan Eligibility Calculator produces results in real-time, saving you a lot of precious time in the process. Thus, you have more time to make decisions to suit your goals.
Ruloans Home Loan Eligibility Calculator provides you with error-free precise results contrary to irritating and erroneous occurrences in manually calculated results.
I got home loan offer from HDFC Limited through Ruloans. Earlier I was choosing some other bank but Ruloans facility of comparison helped me with a better choice. The amount was sufficient with tenure period of 15 years. The rate of interest is moderate. I took this loan to buy an apartment. EMI need to pay 36K. Pre closure is applicable but there is locking period of 6 months. Their service is good.
I have taken home a loan via Ruloans, my loan was sanction on time and it's going to be disbursed soon. The amount of the loan is 18 lakh. The bank informed me that for the construction plan I have to pay 3 lakh. The interest rate is 8.65% but the bank will be reducing the rate by 1.5% from next month. I compared the loan rates and the company helped me select the best one.