Personal Finance Why affordable housing can be first-time homebuyers’ go-to option in 2020 Updated : January 29, 2020 06:26 AM IST Loans under Rs 30 lakh constituted a whopping 72 percent of the total number of home loans applied for in 2019. Try to clear your outstanding loans before applying for a home loan as that would boost your repayment capacity. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.