Many of us look to buy our dream apartment or house early on in our careers. In almost all such cases, taking a home loan becomes inevitable, given the high real estate prices prevailing in cities across the country and also the tax benefits that come with home loan repayments.
Given that banks and financial institutions sanction loans based on our current income, existing indebtedness and so on, maintaining a clean credit record becomes important.
Here are some ways to improve the chances of your home loan getting approved by banks.
Clear outstanding loans