Analysis of Loan Eligibility for a Prospective Retail Borrower

This project aims to offer an individual a general estimate or idea as to the viability of home loan repayment for the loan amount incurred. This is achieved by taking into consideration the individuals qualitative and quantitative parameters. As a thumb rule, one's insurance pay out shouldn't exceed more than thirty-five percent of their income. An individual's probable EMI amount can amount to fifty percent of one's salary as per the general bank standard.