Home loan eligibility is an analysis of the borrower’s loan payback ability. The bank ponders various factors for assessing whether the borrower can afford and pay back the loan on time.
Factors that decide the housing loan eligibility of a borrower are as follows:
You can easily calculate your home loan eligibility before applying for the loan. Using the home loan eligibility calculator available on the bank website, you can decide your eligibility. Enter some basic details like your monthly expenditure, earnings, age, the value of the property you want to purchase, and other loans’ EMIs.
After submitting your basic details, click on enter and the home loan eligibility calculator will compute the maximum amount of loan you can borrow. So, you can apply for a housing loan online.
Being the largest mortgage provider in India, SBI Home Loans have helped more than 30 Lakh families fulfill their dreams of possessing a house successfully. SBI Home Loans are applicable for buying an under-construction property, buying a readymade property, construction of a home, buying pre-owned houses, house renovation, repair, or extension.
SBI Home Loan Eligibility Criteria
HDFC provides different home loan products. You can use an HDFC home loan for buying a house, construction of a home, improvement or extension of a property.
HDFC Home Loan Eligibility Criteria
For Primary Applicants
For Self-Employed Professionals
For Self-Employed Non-Professionals
Axis Bank provides flexible and cost-effective home loans that are available with low rates of interest, zero prepayment costs, flexible payback, and fast loan processing that makes your dream of buying a home fulfilled.
Axis Bank Home Loan Eligibility Criteria
Axis Bank provides a variety of schemes to meet the housing loan needs of different client sections.
For Salaried Applicants
For Self-Employed Applicants
You can borrow ICICI home loans at the lowest rates of interest. In terms of home loan disbursals, ICICI is the fourth largest bank in India.
ICICI Home Loan Eligibility Criteria
ICICI home loan eligibility depends on the following factors:
LICHFL provides many home loan products to pensioners, self-employed and salaried professionals. The housing finance agency provides home loans for home improvement, property purchase, house purchase, or house construction.
LIC Home Loan Eligibility Criteria
Here are 4 main ways to enhance your housing loan eligibility:
Now check your home loan eligibility criteria with the organization you are applying for and avail a feature-rich housing loan for financing your purchase of the property.
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