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17 Nov, 2012 02:18 PM

5 reasons your home loan could be rejected

5 reasons your home loan could be rejected
Lenders consider a host of factors before granting any loan. The parameters and criteria to determine the eligibility and quantum of loan differs from one lender to another. Getting a loan application approved is often knowing how to keep lenders from saying 'No' to the loan. Most of the loan seekers these days are well acquainted with the rules involved to get loans and they are also aware of the reasons a bank might refuse their loan application.

It is also true that getting home loan requires today has a huge requisite list added to it before applying for the same. One need to zest up credit scores, ensure timely payment of credit card dues, close all the earlier loans and increase one's income levels. However, these are not only the reasons one might have to face a loan rejection.

Sometimes, there are certain other indirect reasons which could be causal for the rejection of the loan. Being aware of these reasons could be of help to the applicant to understand how to deal with the rejection and how to get a loan without much difficulty.

Here are few reasons for loan rejection which normally people are not aware about:

Read it at http://www.rediff.com/getahead/slide-show/slide-show-1-money-5-reasons-your-home-loan-could-be-rejected/20121112.htm?print=true



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