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HOME LOAN ELIGIBILITY |
Loan eligibility means that
you must fulfill certain criteria before you apply for a housing loan.
The common criteria put down by housing finance companies are
listed below
- You must be earning a regular monthly income.
- If you are from the salaried class, then you should have a minimum
of 5 years of service left.
- If you are a business person or a professional or a self employed
individual, then your age should be less than 58 years at the time of
applying for the loan.
- The property you wish to purchase/construct should have a clear and
marketable title.
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