2006-11-09 05:52:55 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Multiple factors which include:
Credit Score
Payment History
Credit Limit - Balance Ratio
Debt - Income Ratio
Loan - Value Ratio
Type of Property
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2006-11-09 09:18:49 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Credit history, current income, current financial obligations and down payment are all factors. Lenders use these tools to determine interest rates as well as the amount of the loan that you qualify for.
2006-11-09 14:08:56 · answer #2 · answered by Maggie67 3 · 0⤊ 1⤋
Depends on the level of income. I assume that you are querying with reference to personal loans.Normally it is 12-18 times the monthly take home pay depending upon the aggression shown by the finance companies/banks.
2006-11-10 01:12:32 · answer #3 · answered by cvrk3 4 · 0⤊ 0⤋
Its nomally limited by 45-50% of the collateral value and each EMI by 45-50% of your salary (based on your ITR)
2006-11-09 14:09:26 · answer #4 · answered by varun 2 · 0⤊ 0⤋