RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Home Loans   Acceptance Letter Administrative Fee Advance EMI Amortization Appraisal APR Bad Credit Balance Transfer Bankruptcy Basis Point Borrower Carpet area Certificate of title Clear title Commitment Fee Common areas Contract Conveyancing Credit Appraisal Credit History Default Depreciation Documentation Down Payment Early Repayment Charge EMI Equity Establishment Charge Fiscal Year Fixed interest rate Fixed rate Floating Rate Foreclosure Credit Appraisal It is the process of appraising the credit worthiness of a loan applicant. Factors like age, income, number of dependents, nature of employent, continuity of employment, repayemnt capacity, previous loans, credit cards, etc. are taken into account while apprasing the credit worthiness of a person. Every bank or lending instution has its own panel of officials for this purpose.