Your credit history and income are not the only factors lenders consider before giving you a home loan
Your Age and Income
Lenders look beyond your salary. Home loan eligibility is based on the income of the applicant and the number of working years left.
Too Many Enquiries
Making too many enquiries could mar your chances. It would seem like nobody is ready to lend to you. This lowers your credit score, even if you have not availed of any loan.
No Credit History
No credit till date does not give you an upper hand. On the contrary, not having a loan history means there is no way the lender can evaluate your creditworthiness.
Property Background
Blacklisted projectsdevelopers may be a reason for your application being rejected. Banks may lend for only those developers they have a tie-up with. Lenders are rarely keen on old properties.
Family Background
If you are a woman, your marital status could pose a problem.Banks may fear the woman might stop working post-marriage and put the repayment in jeopardy.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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