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22 MARCH, 2022
Apart from being an asset, homes are a status symbol for many people in India. It signifies their success, wealth and position in society. Naturally, having a home is a big achievement for many Indians. However, with high real estate prices, it also sometimes remains a far-fetched dream. Home loans thankfully help them buy their own homes without dipping into their savings. If you are reading this, maybe you plan to opt for a home loan too.
However, to avail a home loan, the first thing you need to do is check your eligibility. Unless you are eligible for a home loan, you cannot get approval for a home loan. Therefore, before applying or hunting for houses, you must ensure that you meet the eligibility criteria. Kotak bank’s home loan eligibility calculator can help you determine your eligibility. Take a look.
What is home loan eligibility?
What is a home loan eligibility calculator?
The home loan eligibility calculator is an online computation tool that you can use to determine your eligibility for a home loan. With this tool, you can check if you are eligible for a home loan and how much amount you can borrow. You can find this calculator on the lender’s website, enter the relevant information and get the eligible loan amount for you. You can use the eligibility calculator with the following steps:
Your eligibility will be displayed on the right side instantly. You can see the maximum amount of loan you can avail.
Benefits of eligibility calculator
After checking your home loan eligibility with this calculator, you can make an informed decision and plan your finances accordingly. However, you must know that lenders could change the eligible loan amount after reviewing your credit score and the house property.
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