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How many home loans can one person have?

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0 2021-12-28T18:53:29+00:00
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If you have the capacity to repay home loans, you can actually secure as many home loans as you want and purchase different properties. But there are some criteria a candidate has to fulfill if they are wondering how many home loans can a person take in India. The eligibility criteria are:
  • Home loans are provided by banks on the basis of repayment capacity.
  • You should have a good CIBIL score to secure home loans from different banks. A score between 650 and 749 is considered as a good CIBIL score.  If your score is somewhere between 300 and 549 it will be difficult to get a home loan from any banks. For a good CIBIL score you should have a good credit history.
  • In case you have been a credit monger and secured many loans before you have a poor credit score.
Also you should be aware when you are securing many home loans if you are wondering how many home loans can one person have. It is better to take a loan when it is necessary. The bank will provide a loan depending on your income.
  • The bank verifies everything and checks that you are an authentic investor, investing in a property.
  • You should have a good track record, otherwise a lender cannot sanction your loan.
  • You should have a clear transaction history.
These are things everyone should keep in mind if they are thinking how many home loans can a person take in India. I checked my home loan eligibility through this, [widget_homeLoan_checkEligibility_form] Read more: What Is A Good CIBIL Score For Home Loan? What is CIBIL score? How much home loan can I get on 30000 salary? How much home loan can I get on 25000 salary?

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