Steps to Get Your Home Loan Approved in Mumbai
Posted on February 17th, 2020
- Age bracket and work experience - In the case of salaried applicants in the city, age should be between 23 to 62 years. He/she should have a minimum of 3 years’ experience.
- Income - Rs.50,000 per month is generally considered as the minimum amount to be eligible for availing home loan in Mumbai.
- Maintain your CIBIL score - Clean credit history indicates that the borrowers will be able to repay their loan on time. A credit score of 750 is considered to be ideal for instant approval of the home loan.
- Use the co-applicant feature - Availing the option of co-borrower increases the chances of your loan approval.