Club Your Income

The very first step is to club your income with your spouse or parents. Say based on your salary, if you are eligible to get a home loan of Rs 10 lakhs, if you add your parents or spouse's income you could get much more. This would help in the event of any shortfall in the loan amount needed to buy a property.

Repay your other loans

If you have things like a personal loan, auto or any other loan, chances are that you would get a home loan amount that is much lower, simply because the bank would see your loan paying capacity. If it feels that 2 loans are a burden, it would reduce your loan amount on the home loan. So, make sure you pay-off other smaller loans before applying for a home loan.

Add incentives and other components from salary

At times we forget to add various form of incentives as part of our salary. This reduces the salary amount and hence the loan. The best way would be to ensure that all components of Salary are added, which would increase your home loan amount. 

Increase the Home Loan Time Frame

If you are taking a loan for 10 years, the EMI would be high. If the Bank feels that the EMI is too high to service, it would reduce the loan amount. The best way out would be to increase the tenure, though this is not the best solution. However, when your situation improves you could fully pay off the home loan.

Be careful which institution or bank you Choose

Some Banks and Institutions are very particular on certain things, which could reduce the loan amount. So, it's extremely important to choose the right institution or bank after adequate research.