Check Your Eligibility

The amount you can borrow from a bank to buy a home depends on your eligibility for the same. It is where your credit history or CIBIL score comes into the picture. The bank you choose to get the loan from, will check your CIBIL score to know more about your credit-worthiness. People who have a bad credit history, which means a low credit score may not get the loan they expect. Similarly, they may become eligible for a smaller loan amount than what they seek to buy a home. So, get your home loan eligibility checked before you apply for it. This will end the hassles that may arise later. Renowned banks, like Axis Bank, follow a simple process for the same. Visit the bank branch near you or the bank’s website to ask about your home loan eligibility.