Topic: Will Bank accept my home loan application?

I recently applied for a home loan of 20 lacks from HDFC bank. But still I don't get any feedback from them over the same. Do any of home loan expert here have an idea: the factors bank consider before accepting or refusing a loan application?

I have been working with a MNC for the last three years getting good salary....

This message was edited 1 time. Last update was at 27/07/2009 12:18:50

Pallavi wrote:I recently applied for a home loan of 20 lacks from HDFC bank. But still I don't get any feedback from them over the same. Do any of home loan expert here have an idea: the factors bank consider before accepting or refusing a loan application?

I have been working with a MNC for the last three years getting good salary....

I think banks have become strict in accepting new home loan applications. Taking a home loan is not easy today as it was few years back..

This message was edited 1 time. Last update was at 27/07/2009 12:20:05

Madan wrote:

Pallavi wrote:I recently applied for a home loan of 20 lacks from HDFC bank. But still I don't get any feedback from them over the same. Do any of home loan expert here have an idea: the factors bank consider before accepting or refusing a loan application?

I have been working with a MNC for the last three years getting good salary....

I think banks have become strict in accepting new home loan applications. Taking a home loan is not easy today as it was few years back..

Our loan application is processed on the basis of documents we provided when we applied for the loan. bank judge your repaying capability from these documents. And if they feel you holds a good capability of paying the loan back, they will approve your loan application.

Factors such as your age, your monthly income, securities and assets you hold, other debt liabilities, your employment status also taken into consideration when making decision about your loan application.

CIBIL (Credit Information Bureau India Limited) keep track of your accounts and maintain a credit history and assigns you a credit score after analyzing your paying capacity. So if you holds a good credit history, that will be in your favor when banks make decision about your home loan application.

This message was edited 3 times. Last update was at 29/04/2010 12:47:40

I have been told by bank manager of SBI that home loan is the easiest loan. That means they approve 80 to 90% of home loan. But for that the documents you have submitted must meet the criteria. BTW what happened to you?? Did you got the loan or not??

My query is that my sister is working in gurgaon and getting a salary of Rs 30,000/- per month. She has a cash balance of Rs 6.5 to 7 lacs to invest in a property in gurgaon. The property should be minimum 3BHK and have a good appreciation after 5 years.

This message was edited 1 time. Last update was at 13/10/2010 12:16:09

Hi,
I work for different Pvt Banks and NBFCs in Mumbai , for home loan, loan against property, OD, CC , Working Capital . Kindly contact for the any enquiry.

I feel you should consult someone having good knowledge about this. As it si matter of money you should give it a proper thought.

Our loan application is processed on the basis of documents we provided when we applied for the loan. bank judge your repaying capability from these documents. And if they feel you holds a good capability of paying the loan back, they will approve your loan application.

I want best home loan rate plz suggest me?
http://loansmumbai.in

You have apply your home loan application When bank giving new offer. I Think When you apply in some particular offer bank should accept your application.

http://www.cdloanmod.com

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Greetings To You. Welcome to kevin walter based in united kingdom as part of its welfare package is currently offering a floating loan at 2% interest rate without any collateral security.This is to help individuals and companies reach their financial objectives. * Personal Loan (Unsecured) * Business Loan (Unsecured) * Debt Consolidation Loan * Improve your home Please, provide us with the following: Full Name....... Home Address.... Phone:.......... Mobile.......... Country........... Occupation:........ Sex:............... Age:.............. Amount Needed...... Loan Duration:........... Need For Loan Application..... Have you apply before?......... All replies should be forwarded to Mr kevin walter Loan Facility Officer E-mail:benkoloan_agent@yahoo.com As soon as we receive the application, Then we will process your Loan application for approval Thanks and Best Regards.
Mr kevin walter

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i have started business recently 6months back. i have identified home and i have paid a sum of 15 lacs. Its cost 75 lacs. kindly give some idea to proceed

This message was edited 1 time. Last update was at 24/08/2011 09:13:08

My experience with Bajaj Finserv Lending is excellent. No hassles in getting the home loan - just the normal list of documents that they required for eligibility. Service was excellent. They do come to your house to collect the documents and they also have a lower interest rate than any other home loan provider. The best thing is that they are trusted financial providers so you need not worry about the last moment hassle which usually happens while applying for home loan. In fact, I’d suggest that people should take a home loan only from Bajaj Finserv Lending for instant approval and minimal verification process.

The Axis Bank home loan should be employed as a model of loaning for many banks since this would easily give them the capability to deal with people coming from different social classes with different financial capabilities. The current recession has exposed the flaws in the loaning mechanism of the country.

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