How Lenders Evaluate Home Loan Applications

The Five Pillars of Loan Assessment

When you apply for a home loan, lenders follow five main criteria to weigh your suitability:

Income Reliability: Can your earnings support repayments?

Savings Record: Demonstrated saving capability reassures lenders.

Financial Commitments: Existing debts are evaluated to avoid overstretching your budget.

Credit History: A clean record boosts your chances.

Stability: Long-term employment and stable residence history work in your favor.

This is not financial advice. Please do your own research and consult a professional before making any property or financial decisions. Use this information at your own risk.