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How are NMI/NAI/GMI/GAI used by the lenders?

April 26, 2017gai gmi lenders nai nmi Used

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How are NMI/NAI/GMI/GAI used by the lenders?

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NMI/NAI/GMI/GAI are used by the lenders as a measure of your ability to repay the loan. Hence they use it to determine your loan eligibility and the maximum amount of loan you can be given. At Ratekhoj.com, we request you to enter both your NAI and GAI information since different lenders use one or the other to determine loan eligibility. We determine your loan eligibility and maximum loan amount numbers through calculations based on lender provided criteria. This way you have a good way to narrow down your choices of institutions to approach for loans.