Applicant: Resident Indians can apply, while some lenders also offer loans to NRIs.
Age: Applicants are generally required to be at least 18 years old, with the loan usually ending by around age 70.
Employment: Salaried and self-employed individuals can apply, subject to lender criteria.
Eligibility: Adding an earning co-borrower or choosing a longer tenure may increase the eligible loan amount.
Credit Score: A score of 760 or above is generally viewed favourably and may influence loan approval and interest rates.
Lenders may also assess the applicant’s income, work or business stability, existing debts, assets, and the property’s age and condition when deciding eligibility for a home loan of up to Rs. 10 lakh.
