Tata Capital Home Loan

Yes, it does impact your eligibility not just for Home loans but all sorts of financial support. In simple terms, a CIBIL score is a numerical value assigned to you based on your credit history and indicates how likely you are to repay any money borrowed by you.

Before you apply for a home loan, it is important to know what factors determine your eligibility. This is because some factors are within your control while others are outside of your control. The factors that influence your eligibility are the age of the borrower and co-borrower, financial background, work experience, income, and the CIBIL score of the borrower. A CIBIL score of 750+ should improve a borrower's chances of getting his or her preferred type of loan.

The minimum salary requirement for a salaried individual is 30,000.

Adding a co-applicant would mean an additional income source for your repayment capacity. One of the best ways to increase home loan eligibility is by having co-owners and co-applicants. A co-applicant gives you more flexibility in arranging funds and other accommodation options to ensure lower EMI's and better repayment capacity.

Yes, you can apply for a Tata Capital home loan even if you have an ongoing loan. Although you will have to submit the existing loan document to Tata Capital with the application.