of factors are taken into account when assessing your repayment
capacity. Your income, age, number of dependants, qualifications,
assets and liabilities, stability/ continuity of your employment
/ business are some of them.
However, there are ways by which you can enhance your eligibility.
- If your spouse is earning,
put him/her as a co-applicant. The additional income
shall be included to enhance your loan amount. Incidentally,
if there are any co-owners they must necessarily be
- Did you know that your
fiancée's income can also be considered for sanctioning
the loan on your combined income? The disbursement of
the loan, however, will be done only after you submit
proof of your marriage.
- Providing additional
security like bonds, fixed deposits and LIC policies
may also help to enhance eligibility.
is no need for a guarantor, it could be that having one
might enhance your credibility with us. If so, our loan
officer would provide you with the necessary details.
The final amount to be sanctioned will depend on your repayment
capacity. However, what you ultimately are entitled to will
have to conform within the limits fixed for each loan.
Also, when the company looks at the total cost, registration
charges, transfer charges and stamp duty costs are included.