EMI Calculator and Eligibility calculator are easy-to-access tool which gives you an all-round view of the financials involved in the loan, helping you in making critical decisions with regard to the required Loan type which includes choosing the term. Badapaisa.com hosts an intuitive tool to help you calculate EMI amount and to get a salient break up of various charges involved in the loan. This tool can also be used to compare loan offers from various banks to choose the one which meets your requirements.
Credit Score is given to any individual based on their debt to credit ratio and is calculated using credit payment and previous loan repayment figures. More is the regularity in your credit bill payments, higher is your credit score. The score ranges from 350 to 900. If your credit score is above 700, you have a higher chance of getting your loan approved. But, if you have a lower credit score, you can take a few months and complete your bill payments and dues on time to improve your score.
If you think that applying to more banks will increase your chances of getting the loan, it is in fact the exact opposite. Banks do not prefer the applicant applying to many banks since it dilutes the possibility of the applicant choosing that specific bank. .
Make sure that you haven’t taken another loan in at least the past six months. Banks generally avoid lending money to such applicants, considering that they might not be able to take the burden of two loans at a time.
You generally take a home loan for either buying a house/flat or a plot of land for construction of a house, or renovation, extension and repairs to your existing house.
2010
15000
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