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Can I Take Home Loan After Personal Loan ?

1 Answer
S
Shrijani Bhasin

Yes, you can get a home loan after you get a personal loan. Taking out a personal loan before applying for a home loan, on the other hand, may have an impact on your credit score and eligibility criteria. Lenders may view your existing personal loan as a liability, reducing your borrowing capacity and resulting in a lower loan amount or higher interest rates. As a result, it is best to pay off your personal loan before applying for a home loan. You can also try to improve your credit score and financial standing in order to increase your eligibility and negotiate better loan terms.

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