Once repayment capacity determines your eligibility to apply for home loan, lenders consider the following factors:
1. Income level of the applicant
2. Age of the applicant
3. Qualification (stability and occupation continuity)
4. Resident status (maximum limit for an Indian resident differs from that of a non-resident)
5. Spouse's income (household income is taken into account when there is a co-applicant)
6. No. of dependants (it is a measure of repayment capacity)
7. Credit history and score (past repayment track record)
8. Status of existing loans