Home-loan approval is a function of three numbers: your credit score, your FOIR (fixed-obligation-to-income ratio) and the LTV (loan-to-value) of the property.
Document checklist
- PAN, Aadhaar, address proof
- Salary slips (last 3 months) or ITR (last 2 years for self-employed)
- Bank statements (last 6 months)
- Property documents — sale agreement, approved plan, title chain
What lenders check
- Credit score ≥ 750 → best interest rate band.
- FOIR ≤ 50% — total EMIs (existing + new) should not exceed half your take-home.
- LTV ≤ 80% on properties up to ₹75 lakh, 75% above.