An engineer is entitled to a very important task, to make efficient machines that help in simplifying others life. To be honest, it is definitely a very important position to start with. Yet, despite being at such an eminent position, even engineers are prone to run into similar problems and have similar dreams like every other individual: owning their own home. Accordingly, some day or the other, they might need a home loan that can help them fulfill their dream, and at that moment, they may need something better than the regular home loan - an engineer loan, which is more accessible and fits their specific needs.
You must have all the documents.
No need to explain why, if you are applying for a home loan for engineers or for any other loan for that matter, having all the documents as per the list is a must.
Your CIBIL score must be up to the mark
Your CIBIL score must be above the standard figure of 750 which is generally accepted as a good score. Anything below than this might get you nothing but disappointment, thus, be prepared.
You must possess a feasible repayment plan
A repayment plan demonstrates your financial management skill, and how easily you’ll be able to repay the loan. Thus, attaching a repayment plan along with your loan application will definitely help you in the process.
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