Apply for Home Loan

What are the things that we look into when finding the best possible personal loan for you

Principal Amount

The principal amount is the total amount that you wish to borrow from the money lender orthe financial institution.

Down Payment

Down payment is the amount that you need to pay upfront; this down payment is usually 15% to 20% of the principal amount. This value differs from one lender to another. AkshayaFintech will help you to find the down payment rates that you can pay and get your instant home loan.

Eligibility for a home loan

Each bank that provides loans will check a lot of different criteria before passing it. Some of the most vital factors for its eligibility are

Employment Stability

It is an essential part of the eligibility of not just home but any loan. You should be employed for a minimum of two years in the same professions, or if you are self-employed, then you should have at least five years of total earning record to be eligible for instant home loan.

Age Criteria

Younger individuals have more chances of getting a loan. Salaried employees between the ages of 20 to 60 are eligible for getting instant home loan, for the self-employed individuals the age range is 24 to 65.

Past credit records

Your past credit rating also plays a huge role in your eligibility aside from your employment and profession. If your credit score is good, you will get added flexibility on the loan amount, tenure, EMI and interest rates. If you avail any loan makes sure there are no delays in the payments as it will affect your credit score negatively, which could also lead to the cancellation of your loan.


The Company you are working in or the reputation of your employer also has a significant impact on your credibility, if it is good the chances of your getting loan instantly increases a lot. Being an employee in a reputed company with high turnover is a great asset to further improve your chances of getting your loan successfully.