How can I be sure that my loan will get accepted by the bank within a stipulated time?

There are some things that you need to be careful about before applying for home loans for a quick disbursal. The home loan applications are approved after a lot of consideration because of the large amount of money involved. Keep in mind the following things before applying for the home loan: 1. Maintain a good CIBIL/credit score. Banks usually check your credit scores before approving your home loan applications. The Credit score is an indication of how good you are with your loan/credit repayment and investments. Do make sure to have a clean financial record, never miss deadlines. 2. Repayment Capacity Another important factor that banks consider before approving your home loan application is if you would be able to repay the loan amount. As part of the home loan application process you can do the following: A) Pay higher Down payment: It's recommended to pay at least 20% of the cost of the house as down payment and avail loan for rest of the amount. This ensures that the bank considers you as someone who will pose lower risk to their finances. B) Co-Applicant Feature: If you apply for a loan along with your spouse or a parent as a co-applicant, the chances of your home loan application getting approved quickly increases. This is because the combined income of the co-applicant along with yours lets the banks know that you are capable of repaying the loan amount on time. 3. Proper filling of Application Form & Documentation Fill the application forms correctly, provide correct account numbers and salary details to avoid unnecessary delays. So read the forms carefully to understand all the terms and the conditions. Simple mistakes can lead to rejection of home loan applications.