Buying a house is a one-shot decision for many of us with the escalating prices of property and the high interest rates in the market. The question that glares us in the face is when? When is it the right time to take a home loan? Well, the earlier you start the better! Early savings and investments are highly recommended. The Indian real estate market is growing and it is wiser to take a home loan when you’re younger as compared to after retirement. However, age is only one of the criteria that banks consider when sanctioning a home loan. Your earning capacity, job stability, credit history, co-applicants and many other factors will play a major role when it comes to evaluation for your loan eligibility. The banking systems have evolved over the years to suit your financial needs at different stages of your life to help fulfill your dreams! Here is an infographic highlighting how a right age impacts the home loans available for you, Looking for a detailed read? Read here.
SwitchMe is a registered trademark of SwitchMe Technologies Private Limited. SwitchMe does not claim the right to use any logo/ trademark other than its own. SwitchMe does not represent any other company, bank, or organization in relation to its services.