[Ms_Margaret]

Some more important tips are:

• Increasing your loan eligibility: The greater your tenure, the bigger the loan eligibility. Since the monthly installment is lower for longer-tenure loans, banks disburse a higher loan for the same income. Another way to increase eligibility is to club incomes of allowable relatives such as spouse or parents or children or siblings.
  
• Funding your down payment requirement: If you are not able to fully finance the margin amount, you can also take a personal loan along with your home loan. But personal loans, being expensive and for a short tenure, are likely to drain your monthly resources. Take this option only when you have resources to pay off the personal loan from sources other than those taken into account for your home loan.
  
• Best rate for your loan: Unless loan amount is a constraint, approach prospective lenders only after the property is finalized and disbursement is required in the next few days. Most lenders reserve their best rates for immediate disbursement cases. Bundle your loan request with the loan requirements of your friends and colleagues and thus offer a larger loan portfolio to the bank. This can be specially powerful if the property is in the same building since the legal and technical costs can be reduced which can then be passed on as a benefit to you.