Financing the purchase of a property is a pricey affair, thus necessitating availing of a home loan. This is why the home loan market in India is performing better than other credit types, despite the recent economic turmoil.  Nonetheless, to keep the lending risk minimum, financial institutions set stringent home loan eligibility criteria that intending borrowers need to comply with. As per a TransUnion CIBIL report,  The home loan inquiry volume witnessed a y-o-y growth of 9.1% in November 2020. However, the loan approval rate stood at only 17.5% of the total inquiries in August 2020.  Clearly, the lenders ...Read more

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