Once you’ve calculated how much loan you can afford, there are additional strategies you can consider to increase your eligibility and potentially secure better loan terms:

• Apply with a Co-Applicant: Adding a co-applicant can increase your combined loan eligibility, especially if they have a stable income.
• Include Additional Income Sources: Adding supplementary income sources, like rental or freelance income, can improve your financial profile.
• Consider the Purpose of the Investment: Affordability can vary depending on the property’s intended use. Rental income or business purposes may offset EMI costs.
• Adjust Your Loan Tenure: A longer tenure can reduce monthly EMIs, though it may increase overall interest.
• Prepayment Options: Look for loans that allow prepayments without penalties, which can help reduce interest over time.
• Optimize Your Credit Profile: A higher credit score improves eligibility and access to better loan terms.