Every lender, be it a bank or a housing finance company, assesses borrowers' home loan eligibility before sanctioning a home loan is mandatory that are conducted by several banks and financial institutions.

1. Home Loan Eligibility

2. Every lender, be it a bank or a housing finance company,
assesses borrowers' home loan eligibility before sanctioning a
home loan is mandatory that are conducted by several banks
and financial institutions. . This is especially important since
home loans are high-value loans. Typically, lenders provide
finance ranging from 60% - 85% of property value as a housing
loan amount and the loaned amount can be somewhere
between several lakhs to a few crores.
Therefore, lenders need to ensure whether borrowers have
repayment capability or not and that the loan will be repaid
on time, without any defaults or missed payments. Below are
the factors that help lenders to determine whether a
borrower is eligible for the home loan

3. Salaried Individual Eligibility Criteria
• Under the home loan eligibility criteria; Individuals in permanent service in the government or
reputed companies.
• Applicants must be above 21 years of age at the time of loan application and up to the age of 60
years at the time of loan maturity. Moreover, you can check the amount you need to pay as EMI
with the home loan EMI calculator.
Professionals Eligibility Criteria for home loan
• Professionals such as doctors, engineers, chartered accountants, architects, chartered accountants,
company secretaries and management consultants are eligible for a home loan.
• Applicants above 21 years of age at the time of loan application and below 65 years or less at the
time of home loan maturity meet our home loan eligibility criteria.
Self-employed individuals eligible for home loan
• Any individual filing income tax returns can apply
• Applicants should be above 21 years of age at the time of the commencement of the home loan
and up to 65 years or less at the time of maturity of the home loan
• Applicant must be above 21 years of age at the time of application and below 65 years of age at the
time of maturity of the home loan.