Whichever be the case, the crux of the whole thing is - calculate your loan eligibility in advance and then apply. If your eligibility is not up to the mark, you at least would have the option to work on it and apply again. Accordingly, if you end up needing it, below are some tips which can help your loan eligibility.
Pay off your existing debts: Your repayment ability keeps on decreasing every time you take a new loan. As the matter stands, a person can only spend 43% of their monthly income for paying the debts he owes. In short, if your debt obligations go beyond 43% of your monthly income, a fresh loan is nearly impossible. Hence, it would be better to pay off your existing debts one by one to increase your repayment capacity and then apply for a fresh loan.
Let your income increase and then apply: Alternatively, if your circumstances allow you, applying for a home loan post-increment in salary can be a good idea. An increased income means an increased repayment capacity and higher chances of approval.
Reference Read: 4 Secret Tips To Improve Your Home Loan Eligibility
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