| Criteria | Details |
|---|---|
| Resident Type | Available to both Resident Indians and Non-Resident Indians (NRIs). |
| Age | Minimum age: 18 years Repayment should be completed by 70 years. |
| Employment Type | Open to both salaried and self-employed individuals. |
| Ways to Improve Eligibility | Add earning family members as co-applicants or opt for longer tenures to enhance loan eligibility. |
| Credit Score | A score of 750 and above improves chances of approval. Higher scores may also fetch lower interest rates from banks and HFCs. |
Lenders might also consider factors like a loan applicant’s monthly/annual income, work experience (for salaried applicants) or business continuity (for business owners), employer’s profile, occupation profile, age of the property, liabilities, assets, etc., while ascertaining the eligibility for Rs. 60 lakh home loan.
Also Read: Home Loan Eligibility Calculator
