Your credit score is a significant factor that lenders consider when determining your loan eligibility. A higher credit score indicates a good credit history and responsible financial behavior, making you more likely to qualify for a loan and obtain favorable interest rates.  factors affect property loan Income and Debt-to-Income Ratio: Lenders assess your income level and debt-to-income ratio (DTI) to evaluate your ability to repay the loan. A higher income and lower DTI ratio (i.e., lower debt compared to your income) generally make you a more attractive borrower and increase your chances of loan approval. Loan-to-Value Ratio (LTV): The LTV ratio represents the loan amount as a percentage of the property's appraised value or purchase price, whichever is lower. A lower LTV ratio indicates a lower risk for the lender and may result in more favorable loan terms.

Employment Stability: Lenders prefer borrowers with stable employment or a consistent source of income. Having a secure job with a steady income history increases your chances of loan approval and may lead to better loan terms. Property Type and Valuation: The type of property you intend to purchase can impact your loan eligibility. Some lenders may have restrictions or different criteria for financing certain property types, such as private condominiums, landed houses, or commercial properties. Additionally, the property's valuation plays a role in determining the loan amount you can borrow. Interest Rates: Interest rates can affect the affordability of your loan. Higher interest rates result in higher monthly payments, while lower rates reduce the overall cost of borrowing. Interest rates can be influenced by market conditions, the lender's policies, and your creditworthiness.

Loan Tenure: The loan tenure, or the length of time you take to repay the loan, can impact your monthly repayment amount. Shorter loan tenures generally result in higher monthly payments but lower overall interest costs, while longer tenures have lower monthly payments but higher total interest expenses. Financial Reserves and Down Payment: Lenders may consider your financial reserves and the down payment you can provide. Having sufficient savings or a larger down payment can reduce the loan amount needed and improve your loan terms. Regulatory Policies: Government regulations and policies, such as loan-to-value limits, loan tenure restrictions, and cooling measures, can impact property loans. Stay informed about any regulatory changes that may affect your loan eligibility and borrowing capacityIt is important to note that different lenders may have varying criteriaand policies. Therefore, it is advisable to consult with multiple lenders, compare loan offers, and seek professional advice to understand how these factors specifically apply to your situation.