While compute home loan eligibility, banks take into account the age of the applicant, their saving, profession, repayment, salary,/credit history location of property, and other debts. Some profession are categorize as risky by the lenders while some jobs fall in the preferred list.
Home Loan Process
1. Application form
|
2.
Bank's Field
Investigation
|
3.
Credit appraisal by the
bank and loan sanction
|
4.
Disbursement
|
5.
Offer Letter
|
6.
Personal Discussion
|
7.
Registration of property
documents
|
8.
Signing of agreements and
submitting post-dated cheques
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9.
Submission of legal
documents & legal check
|
10. Technical
/ Valuation check
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11. Valuation
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