Your income peak and you will liabilities (outstanding mastercard expenses, outstanding funds, latest EMIs, etc

How do banking companies ount? As the mortgage sanctioning criteria may differ from a single bank so you’re able to various other, particular key factors choosing the maximum amount borrowed that can easily be approved to you personally tend to be your credit score, latest income level including debts.

A top credit rating (nearer to 900) mode you’ve got maintained their previous finance and you can/or mastercard expenses properly, top the lenders feeling that you will be a secure debtor, leading to a top loan amount are sanctioned

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) provides a direct influence on your own payment strength.