01 Dec

Eligibility the prime concern of the buyers

When the property to buy is almost finalized to buy and when buyers apply for home loans to get, banks bring in the eligibility issue which brings down the enthusiasm of the buyers. Eligibility is dependent on the criteria like age, income, credit score, affordability and many more. It sometimes becomes impossible for the buyers to meet the eligibility of the banks in order to increase the loan limit. Loan limit at times is done by increasing the tenure of the loan. This strategy clashed with criteria like age and income sometimes and will demotivate the buyers.

The best solution to get the loan with higher limit easily by the bank is by adding a co-borrower to your loan application.

Advantages of having Co-borrower

Know that always first preference shall be given to the borrower’s spouse always. If the spouse is working/has the capability to contribute to the loan share it shall be great to include him/her as the co-borrower. 

Parents, sons, and daughters can share the burden of loan and help in increasing the loan limit. Age of the co-borrower is crucial for determining the eligibility. Retired parents cannot be added as the co-borrowers.

Brothers can jointly opt for the loan if they are living together and if they have crossed the marriageable age, predicting the issues that arise after marriage. Parents cannot apply for loan with the daughter predicting the situation of the daughter after marriage. The eligibility of the loan differs from applicant to applicant and depends on the situation of the borrower too.

When a home loan is co-borrowed, each borrower is qualified for tax exemptions for payment of the interest under Section 24 and under Section 80(C) for payment of the principal.

When you plan to co-borrow the loan and increase the loan limit, Why invest in the unworthy and non-profitable property???

Invest in the best residential property in Silicon City of India at the Prestige Willow Tree, an outstanding affordable housing solution with best in class amenities.

Add Prestige to your investment in Prestige Willow Tree

Prestige Willow Tree property is the significant residential contributions from the skilful builder the Prestige Group located in the best locations of Bangalore in Vidyaranyapura. Prestige Group is the only real-estate Property Developer across India to have received Crisil DA1 Developer Rating in recognition.

The location of the property is well loaded with various educational institutions, IT spaces, metro stations, shopping malls, ATMs, Banks, religious places and hospitals. Painless connectivity is established with highways and expressways from the location of the property. The Kempegowda International airport is just 40 minutes’ drive away from Prestige Willow Tree. Vidyaranyapura is close to prime locations like Sarjapur Road, Jalahalli, Hebbal, new BEL road, HSR Layout, and Whitefield. The property also offers seamless connectivity to the entire city effortlessly.

Prestige willow tree venture is a dream project for all the aspiring buyers who wish to live in a new epitome of peace in urbanite of Bangalore.

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