Home Loan Eligibility: Why Check Before Applying?

• Checking home loan eligibility before applying prevents rejections, wasted time, and negative impacts on credit scores.
• Tools like Home Loan Eligibility Calculators streamline the process, providing instant, accurate results based on income, debt, and desired tenure.
• Applying without checking eligibility can lead to credit score damage, higher interest rates, and unnecessary processing fees.
• Proactive steps like clearing small debts, building an emergency fund, and timely ITR submissions can boost eligibility.
• Combining eligibility and EMI calculators helps homebuyers plan repayments effectively and make informed decisions for a smoother approval process.