Difficulties Faced by Pregnant Women for Availing a Housing Loan

Getting a home loan is very easy nowadays if you meet the eligibility criteria as prescribed by the lender. A home loan can be availed by a salaried individual, self-employed professional, or any woman who is about to deliver a baby. There are certain misconceptions and myths regarding pregnant women availing home loans, which make it pretty tricky for women to avail of a housing loan.

Some Difficulties to Avail for Home Loan are:- 

Like there is a myth that pregnant women would not be able to pay back the loan to the lender, which is not at all correct. If she was a salaried woman and had a considerable amount of savings, she can pay off the loan back in time. Another hurdle that comes in the way of pregnant women is the general assumption f the lender towards the women, and it is her faithfulness towards the job after giving birth to the baby. If any lender does not approve of the home loan to pregnant women, she can apply for a home loan with an NBFC to get better flexibility and repayment tenure options. Other hurdles might be the non-availability of family support or lender who could provide a home loan to her because they are not sure of whether she could be able to pay back the loan or not.

So, in India, there are many hurdles that are faced by pregnant women to get a housing loan which needs to be considered by the government to enable her to avail of home loans in a hassle-free manner.

 Also Read:- Difficulties Faced by Pregnant Women for Getting a Home Loan

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