Home Loan Eligibility
Home loan eligibility criteria has common parameters across all banks and Non-Banking Financial Companies (NBFCs). However, there could also be specific criteria that is applicable for each lender according to their requirements. Understanding the criteria that is required to be eligible for a home loan helps to ensure that the process of application becomes smoother and easier for you.
Eligibility criteria for Home Loan| Age | 18 - 70 years |
| Income | Rs. 25,000 |
| Credit Score | Above 750 |
| Employment Status | Salaried or Non-Salaried |
| Work Experience | 2 Years |
| Loan Amount | Decided by the lender |
| Residence Type | Permanent resident or Non-resident Indian (NRI) |
| LTV Ratio | Up to 90% |
| Property Type | Completed /Under Construction Project, Land/Plot, build on own Land, Buy Land and Build Home |
Note: Loan eligibility criteria differ depending on a bank/lender. Approvals are based on borrowers' incomes, credit profile and existing relationship with the bank.
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