Eligibility Criteria for Obtaining Home Loan

Learn the eligibility criteria for obtaining home loan, including income requirements, credit score, employment status, and other key factors to secure your loan approval.

1. Credit Score

Maintain a healthy credit score of 650 and above for easy loan approvals.

2. Age Limit

To be eligible for the loan, the applicant must be aged between 21-65 years.

3. Employment Stability

Salaried Employee: Minimum 2 years job history with a salary of at least ₹10,000 per month.
Business Owner: Minimum 3 years experience with an annual income of ₹2 Lakhs.

4. Right Documentation

Banks will closely inspect the documents to ensure authenticity and market value of the property.

5. Existing Debt

Having multiple debts is not a problem, but maintaining a good repayment history is essential.

6. EMI Estimation

Check your home loan eligibility with our EMI calculator (Link in bio).

Go Back