Everyone who saves a significant chunk of the salary after employment for a specific period wishes to own a dream house.
But, investment in dream home might hurt your pocket. Therefore, applying for a home loan is the best solution. While the Home Loan payment process might be tiresome for some, one must first have an evaluation of his/her eligibility for the loan.

The Motive behind Pre-Qualifying Home Loan
The whole idea of this activity of pre-qualifying is to locate the final amount that a business institution shall eventually lend out to a candidate and at what pace. However, there are some points that a lender might consider:
Income
Estimation of funds and a precise survey on income reveals the creditworthiness of an individual, as lenders would want to ensure itself of the fact that the candidates would be refunding their loans at fixed intervals. Hence, an estimate of the revenue and the source of income of borrowers are essential to determine his/her fitness the home loans.
Opening Cash needed, for Beginning the Company
Apart from funding the instalments, the initial funding required, for starting a business needs to be considered this funding is down-payment. Down-payment depends on the type/ kind of loan chosen. However, keeping a notable fund for this purpose is advisable to simplify the home loan sanction procedure in India.
Needless to say, that a borrower’s account history is a strong factor that influences the home Loan disbursement process. A CIBIL grade of over 750 promotes the process due to the borrower’s effective creditworthiness.