Home Loan Eligibility Calculator

Home Home Loan Home Loan Eligibility Calculator
loadingCheck Housing Loan Eligibility
loading

Housing Loan Eligibility

Income Eligibility: Rs.25,000 Employment Eligibility: Salaried/Self-employed Age Eligibility: Individuals Between 18 to 70 years Loan Amount Eligibility: Upto 10 Cr

Check Home Loan Eligibility

Error: Please select loan amount
Digit Only
Note: It will help you to get best loan offers
Error: Please enter valid Rate of Interest
Digit Only
Note: Income is required to check your loan amount eligibility.
Error: Please valid monthly income
Error: Please select current city
0 / 10 Digits +91
Note: We may verify this number later using OTP.
Error: Please enter valid Mobile Number
0 / 6 Digits
Error: This is mandatory. We need to check availability of service in your area
City: Delhi
Error: Enter a valid Full Name
Error: Enter a valid Email Address
Error: Date of Birth is required
Error: PAN is required

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :24/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :24/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 24/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :24/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 24/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :24/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :24/01/2020

More

There is some technical issue. Please try again later.

By submitting this form, I agree to Terms of Use

*Offers are from Paisabazaar's partner Banks & NBFCs.

OTP Verification

Verify your mobile

Please enter the OTP we sent via SMS

Didn’t receive your OTP? Send it again
Updated: 11-12-2019 12:56:36 PM

हिंदी में पढ़ें

When planning to take a home loan, know about home loan eligibility to find out whether you qualify for a certain loan amount as per a set of criteria standardised by the lending institution. This makes the entire process of availing a home loan smooth and quick.

What is Home Loan Eligibility?

Home loan eligibility criteria are the guidelines that you must fulfil to apply for a home loan scheme. Failing to meet the eligibility criteria leads to loan rejection and a negative mark on your credit report. To avoid unnecessary hard enquiries and ensure loan approval, you must check home loan eligibility before applying for the loan.

Home Loan Eligibility Criteria
NationalityIndian Residents, Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
Credit Score550 – 900
Age LimitMinimum – 18 years
Maximum – 70 years
Total Work ExperienceAt least 2 years of work experience is required
Business ContinuityAt least 3 years of business continuity is required
Minimum SalaryAtleast Rs. 25,000 per month, may vary across lenders
Loan-to-Value (LTV) RatioUp to 90% of property’s value

Home loan eligibility criteria vary from one lender to another. However, a common set of housing loan criteria is given below:

  • Any salaried or self-employed individual can apply for home loan
  • All Indian Residents are eligible to avail home loan. Non-Resident Indian (NRIs) and Persons of Indian Origin (PIO) under certain home loan schemes are eligible to avail home loan
  • Applicants with good credit score or CIBIL score have higher chance of getting home loan approval than the applicants with poor credit score
  • The Fixed Obligation to Income Ratio (FOIR) is the proportion of the income and the existing fixed financial obligations such as credit card bills and loan EMIs. This ratio should be below 40-50% mark (after considering the proposed loan’s EMI and other on-going debt payments)
  • Age is also factored while assessing home loan application. The minimum age to apply for home loan is 18 years and the maximum age to apply for home loan is 70 years. Lenders prefer giving home loan (with tenure of up to 30 years) to younger loan applicants as they have more work life years compared to someone in their 40s or 50s
  • Regular income ensures timely loan payments. Therefore, an applicant with regular income also has higher chance of loan approval than an applicant with seasonal source of income
  • Net monthly income should be equal or more than Rs. 25,000 to be eligible for home loan
  • Lenders also consider the location and the age of property. They may reject the loan application if the residual age of property is less or the property does not fall within the defined geographical limits
  • Employment status and stability also helps in getting home loan approval. Lenders prefer giving out loans to working individuals with at least 2 years of work experience. In case of a business, it should be running for at least 3 years
  • For salaried professionals, about 40% of monthly gross income can be considered as monthly EMI against the loan
  • For self-employed individuals, profit earned determines the eligibility for the home loan

Now, that you know the Housing Loan Eligibility Criteria, check out the documents required for home loan.

What is Home Loan Eligibility Calculator?

Home loan eligibility calculator is an online tool that gives an estimate of the loan amount that can be availed. Before applying for home loan, knowing the amount you are eligible for helps in increasing the chance of loan approval. The calculator provides results instantly on the basis of the income and repayment capacity, which is assessed using details like fixed monthly obligations, age, etc. However, before approving a loan request, lending institutions consider many other factors, such as credit score, financial position, etc.

How to Calculate Home Loan Eligibility

Home loan eligibility is calculated on the basis of certain factors, including net monthly income, loan tenure, existing obligations, applicable home loan interest rate, etc. The easiest way to calculate home loan eligibility is by using the home loan eligibility calculator. It is easy-to-use and gives accurate results instantly.

How Home Loan Eligibility Calculator Works

The home loan eligibility calculator works on a mathematical formula that evaluates the eligible loan amount on the basis of a few set parameters. These factors include gross monthly income, loan tenor, existing monthly obligations, etc. On providing the relevant details, the calculator gives results instantly.

What Factors Determine Home Loan Eligibility?

  • Credit Score/CIBIL Score: Credit score is the reflection of your creditworthiness and is a major factor in deciding home loan eligibility. A credit score above 550 and close to 900 is considered good for home loan eligibility. It increases the chance of loan approval. It also improves the chances of getting loans at better terms and rates. A credit score below 550 or close to 300 is considered poor. This score might lead to loan rejection or make you pay higher interest rates.

Factors to Calculate Home Loan Eligibility

  • Applicant’s Age: The minimum age to apply for a home loan is 18 years and the maximum age at the time of loan maturity should be 70 years. Home loans usually stretch up to 30 years; therefore, many lenders cap the age of retirement as the maximum age limit. A younger loan applicant can opt for longer loan tenure. This is because younger loan applicants have longer working years than the ones nearing their retirement age.
  • Employment/Business Stability: For many lenders, salaried individuals should have at least two years of total working experience in order to be eligible for home loan. In case of self-employed individuals, the business should run for at least 3 years.
  • Debt-to-Income Ratio: To be eligible for home loan, the percentage of current financial liabilities with respect to the income should not cross 50% mark. This is so because a higher debt-to-income ratio would mean that a major proportion of the salary or income is going into paying off existing debts, thus increasing the risk of defaulting in future. Therefore, if debt-to-income ratio is more than the mark, then lenders might not approve the loan.
  • Property Details: Lenders also assess the age and location of the property. Your lender might reject your loan application if the remaining years of your property till the end of loan tenure is less than your lender’s standards. They might also reject the application, if the location of the property does not fall within the geographical limits defined by the lender.
  • Down payment: As per RBI’s guidelines, the LTV ratio for home loan cannot exceed 90% of the property’s value. This implies that you will have to pay a certain amount as down payment to buy the home. Contributing more towards down payment helps reduce the loan amount and the LTV ratio, thereby, increasing overall home loan eligibility.

How to Enhance Home Loan Eligibility

Some of ways to improve home loan eligibility are as follows:

  • Improve credit score: Credit score is the reflection of how well the debt has been handled. Maintaining credit utilisation ratio below 40% and paying credit card bills and loan EMIs in time show responsible credit behaviour. Such behaviour when practised regularly leads to a good credit score, which further improves the chance of loan approval and of getting better loan rates. A poor credit score, on the other hand, might make you pay higher home loan interest rates or lead to loan rejection. Therefore, higher the score, the better it is. Adopting regular and disciplined usage of credit cards can help to build a strong credit score.
  • Pay higher down payments: You might have to contribute 10-25% as down payment, as lenders can finance only up to 90% of the property’s value. Instead of giving a bare minimum down payment, make a higher contribution. Higher contribution as down payment will lower LTV ratio, which will improve home loan eligibility.
  • Add a co-applicant: Due to inadequate income, low credit score or high debt-to-income ratio, your lender might reject your home loan application. If not eligible for a home loan, add a co-applicant to the home loan application and go for joint home loan. But that co-applicant must be an earning family member with good credit history and satisfactory repayment capacity. Doing so will increase home loan eligibility and help get higher loan amount. If the co-applicant or primary loan applicant is a woman, then you might get home loan at concessional interest rates.
Home Loan Eligibility for Leading Banks

Home Loan Eligibility for Leading Banks

HDFC Home Loan Eligibility

HDFC Bank on the behalf of HDFC Ltd. offers different home loans schemes. These schemes are designed to fulfil different home loan requirements. Hence, the eligibility criteria for each scheme are different. The common eligibility criteria for HDFC home loan are:

  • Can be Indian/NRI/PIO
  • Minimum age should be 18 years
  • Maximum age should be 65 years
  • Should have a good credit score
  • Should have a regular source of income
  • Eligible loan amount is majorly dependent on the applicant’s income and repayment capacity

SBI Home Loan Eligibility

SBI offers various home loan schemes to its customers. The eligibility criteria differ for each scheme. But common clauses to be followed are:

  • Can be Indian/NRI/PIO
  • Minimum age should be 18 years
  • Maximum age should be 70 years
  • Should have a good credit score
  • Should have a regular source of income
  • Eligible loan amount largely depends on property value and credit profile

LIC Housing Finance Home Loan Eligibility

LIC offers home loan for various purposes such as construction/purchase of a new house and extension/renovation of an existing house. The eligibility criteria to avail LIC home loan are:

  • Can be Indian/NRI/PIO
  • Minimum age should be 18 years
  • Maximum age should be 70 years
  • Should have a good credit score
  • Should have a regular source of income
  • Eligible loan amount largely depends on property value and credit profile

ICICI Home Loan Eligibility

ICICI Bank offers various home loan schemes, each having its own eligibility criteria. But the common eligibility criteria to apply for ICICI Home Loan are:

  • Can be Indian/NRI/PIO
  • Minimum age should be 18 years
  • Maximum age should be 70 years
  • Should have a good credit score
  • Should have a regular source of income
  • Eligible loan amount is majorly dependent on the applicant’s income

PNB Housing Finance Home Loan Eligibility

PNB Housing Finance offers different schemes to suit different home loan requirements of its customers. The eligibility criteria for each scheme are different. The common eligibility criteria that every customer must fulfil to apply for home loan from PNB Housing Finance are:

  • Can be Indian/NRI/PIO
  • Minimum age should be 18 years
  • Maximum age should be 70 years
  • Should have a good credit score
  • Should have a regular source of income
  • Eligible loan amount is majorly dependent on the applicant’s income and repayment capacity

Axis Bank Home Loan Eligibility

Axis Bank offers home loans for multiple purposes, including home construction, renovation, extension, etc. If you want to apply for Axis Bank Home Loan, you must fulfil its eligibility criteria, which is given as follows:

  • Can be Indian/NRI/PIO
  • Minimum age should be 21 years
  • Maximum age should be 65 years
  • Should have a good credit score
  • Should have a regular source of income
  • Eligible loan amount primarily depends on the applicant’s income and repayment capacity

Did you find this article helpful? Rate it.

Menu