Home Loan Checklist: What Lenders Really Look At

<p>Home-loan approval is a function of three numbers: your <strong>credit score</strong>, your <strong>FOIR</strong> (fixed-obligation-to-income ratio) and the <strong>LTV</strong> (loan-to-value) of the property.</p><h3>Document checklist</h3><ul><li>PAN, Aadhaar, address proof</li><li>Salary slips (last 3 months) or ITR (last 2 years for self-employed)</li><li>Bank statements (last 6 months)</li><li>Property documents — sale agreement, approved plan, title chain</li></ul><h3>What lenders check</h3><ul><li>Credit score ≥ 750 → best interest rate band.</li><li>FOIR ≤ 50% — total EMIs (existing + new) should not exceed half your take-home.</li><li>LTV ≤ 80% on properties up to ₹75 lakh, 75% above.</li></ul>