What Are the Prerequisites?

Income eligibility Age (75 years maximum) Property valuation (valuer’s report) Flow of title (advocate’s legal opinion) Existing liabilities (if any) and regularity Credit score Current work experience Financial documents Number of dependents Third-party surety (optional in some) While the criteria will vary across banks/ financial institutions (FIs), the common factors that they all look at are:

for other loans, credit cards, etc. their