What decides how much you can borrow
Every lender runs its own eligibility check, and the answer it gives is the only one that counts. These are the things lenders generally weigh up, so you know what to expect and what to get ready before you apply.
We introduce, the lender decides
TommyAndFurry Insurance does not lend money. We introduce you to lending partners who handle the kind of loan you are asking about. The loan agreement is between you and the lender you choose, and the lender alone decides whether to approve your application and on what terms.
Loans are offered by our lending partners and are subject to their eligibility criteria, terms and approval. [LENDING PARTNER DISCLOSURE]
No one can promise you a loan, a rate or a date before a lender has assessed your application. We will not tell you that you are approved, and we will not quote a rate a lender has not offered you.
What lenders generally weigh up
General explanations, not any lender's criteria. Each of our lending partners applies its own credit policy, and the answer it gives is the one that counts.
Your income, and how steady it is
Monthly take-home pay for a salaried applicant, or business income if you are self-employed, and how long you have been earning it. Lenders consider income from [MIN INCOME] upwards; the cut-off belongs to the lender, not to us.
The EMIs you already pay
Lenders add up your existing instalments, card dues and other commitments and look at what share of your income they already take. The less of your income is committed, the more room there is for a new EMI.
Your credit history
Lenders look at how you have repaid loans and cards in the past, using their own scoring models. We have no visibility into that scoring and cannot tell you what a lender will make of your record.
The tenure you ask for
A longer tenure means a smaller EMI and more total interest; a shorter one means a larger EMI and less interest. Lenders cap the tenure at [MAX TENURE], and it usually has to finish inside their age limits.
The value of the property, for a secured loan
For a home loan or a loan against property, the lender values the property and checks its title and approvals. It funds a share of the value it assesses, not the price you agreed and not the whole cost, so you fund the rest yourself.
Co-applicants and guarantors
Adding an earning co-applicant can change what a lender is willing to consider. Everyone who signs is liable for the whole loan, not for a share of it, so this is a decision to take with your eyes open.
Your paperwork
A complete, consistent file — KYC, income proof, bank statements and, for a secured loan, the property or asset papers — is the part of this you control. Gaps and mismatches are what usually hold an application up.
Get a rough number first
The home-loan eligibility calculator turns your income, existing EMIs, rate and tenure into an indicative amount. It is arithmetic on the numbers you type in, not an offer, and no lender has seen it.
A calculator result is not an offer and no lender has seen it. Treat it as a starting point for the conversation.
What we can't tell you
- Whether you will be approved. Only a lender can answer that, and only after it has assessed your application.
- The rate you would pay: [INTEREST RATE], quoted by the lender.
- The amount a lender would sanction: [LOAN AMOUNT RANGE] is the range, and where you fall inside it is the lender's call.
- How long it will take, or that anything is guaranteed. We do not make those claims.
Eligibility questions
Is a calculator result an approval?
No. A calculator is arithmetic on the numbers you type in. It has no connection to any lender and no lender has seen it. Treat the figure as a starting point for a conversation, nothing more.
Why do two lenders give different answers?
Because each one applies its own credit policy: how much of your income it will let an EMI take, how it treats variable pay or business income, what tenure it will allow, and how it values a property. Different policies, different answers.
Can I improve what I am eligible for?
The parts you control are your paperwork, the commitments you already carry, the tenure you ask for and how much of the cost you fund yourself. Adding an earning co-applicant is another option, but everyone who signs is liable for the whole loan.
Do you check my eligibility with lenders before I apply?
We tell you what our lending partners generally look for and go through your file with you. Any formal assessment is done by the lender once you apply to it, and the lender will tell you what it needs to do and ask for your consent.
How much can I borrow against a property I own?
That depends on the lender's valuation of the property, the share of that value it is willing to fund, your repayment capacity and any loan already secured on the property. The range is [LOAN AMOUNT RANGE]; the figure is the lender's.
Loans you can enquire about
- Personal loanUnsecured, for a planned or unexpected personal expense.
- Home loanBuy, build, extend or move an existing home loan.
- Car loanFinance a new or a used car.
- Two-wheeler loanFinance a bike or a scooter.
- Business loanWorking capital or funding to grow a business.
- Loan against propertyRaise funds against a property you already own.