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    We found 38 Home Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
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    Loan Amount
    Tenure Range
    9.0% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    8.90% - 9.10% Floating
    0.25% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    8.6 - 9.00% Floating
    12,000 (inclusive of GST) One-Time Fee
    20L - 5Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
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    8.90% Floating
    10000+GST One time fee
    -
    1-20 Years
    Response Time : Within 30 minutes
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    8.80% - 9.05% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
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    8.75% - 11.0% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
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    Good to Know
    8.90% - 9.55% Floating
    0.50% PF (For Salaried) to 1%(min.3000)+Tax (for Self employed)
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    8.80% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    Perks
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    9% Floating
    ₹ 10000+ taxes One time fee
    50L - 5Crs
    1 - 25 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    Documents
    Perks
    Good to Know
    8.55% - 8.99% Floating
    ₹5,000 to ₹10,000 + applicable tax One time fee
    20L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    8.85% - 9.05% Floating
    0.25% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    Home Loan Eligibility Calculator

    By simply entering a few basic details of your home loan, the calculator will determine whether you are eligible for a home loan or not. You need to simply provide basic information about yourself like salary, city of residence, employment type, etc.. After you have entered these details, the application will give you a list of home loans that you are eligible for.

    Calculate Home Loan Eligibility on Bankbazaar

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    Home loan eligibility criteria

    Home loan eligibility factors Home loan eligibility criteria
    Age Minimum: 18 yrs. Maximum: 70 yrs. (depending on type of employment)
    Minimum Net Annual Income Rs. 5 - 7 lakhs depending on type of employment, EMIs offered up to 50% of net income, on average
    Type of Employment Salaried, Salaried Professional, Self Employed Business, Self Employed Professional, Student, Retired, and Homemaker
    Status of Employment Regular: at least 1 yrs. in current job/business/profession.; at least 2 yrs. of prior employment
    Type of Residence Owned/ Rented
    Status of Residence At least 1 yr. at current place of stay
    Credit Rating Good rating as per recognised credit bureau
    Type of property being purchased Affects loan amount eligibility

    Note:

    • Loan eligibility criteria differ for each banks/lender.
    • Approvals are based on borrowers' incomes, credit profiles and existing relationships with the bank.

    Example of home loan eligibility calculation

    Chandra Patra is an employee of a leading company in India. His salary break up is mentioned below:

    Income Amount Deductions Amount
    Basic 32,000 Income Tax 3,300
    HRA 900 Provident Fund 2,200
    Conveyance 10,000 ----- -----
    LTA 9,000 ----- -----
    Special Allowance 55,000 ----- -----
    Medical expenses 2,000 ----- -----
    Total 1,08,900 Net Income 1,03,400

    Let us consider that Chandra has no loans or liabilities at present and his net available income is Rs.1,03,400. However, you one must always remember that Leave Travel Allowance is not taken into consideration by the bank while calculating the salary. The medical allowance is also excluded from the calculation. This is because, these expenses are not derived by an individual with his/her salary. In this case, Chandra will only get these amounts as reimbursements, in case he spends on medical needs or travel requirements.

    Thus, the bank or the lender will deduct that LTA and medical expenses from the net income. Chandra’s net income now stands at Rs.1,03,400 – Rs.(9,000 + 2,000), which is equal to Rs.92,400. Thus, the loan eligibility for Chandra Patra stands at Rs.92,400 x 60 = Rs.55,44,000 In case of a home loan, EMI is restricted to a maximum of 40% to 50% of the net income (monthly) by most banks. This suggests that you are eligible for a home loan where the equated monthly instalment is not more than 50% of your monthly income

    Apply for Home Loan Online

    Documents required for applying home loan:

    1. Signed application, photographs affixed
    2. Identity Proof: Passport/ Voter ID / PAN Card
    3. Residence Proof: Passport/ Voter ID/ Driving License/ Water Bill/ Electricity Bill/ Lease agreement
    4. Income Proof:
      • Salaried individuals - Latest Salary Slips (3 months)/ Current Salary Certificate
      • Self-employed persons - Latest bank Statements (3 - 6 months)/ Audited financial statements
    5. Tax Proof:
      • Salaried individuals - Latest Form 16
      • Self-employed persons - Latest ITR Form
    6. Employment Proof:
      • Salaried individual - Employment certificate
      • Self-employed persons - Legal documents pertaining to establishment of the business/profession e.g. MOA/ Partnership Deed etc.
    7. Property Documents
    8. Processing Fee Cheque
    9. Co-applicant's (if any) documentation

    Note: Supporting documents vary according to lender requirements.

    Home loan eligibility criteria for different bank

      Age range Loan range Work experience Tenure range
    Axis bank home loan eligibility criteria 24-64 years 5L - 10Crs 2 years 1-30 Years
    PNB HFL home loan eligibility criteria 23-70 years 8L min - 1-30 Years
    HDFC home loan eligibility criteria 21-60 years 5L - 10Crs - 1-30 Years
    SBI home loan eligibility criteria 18-70 years - - 1-30 Years
    ICICI home loan eligibility criteria 21-65 years 5L - 10Crs - 3-30 Years

    Factors affecting your home loan eligibility

    Top 6 factors affecting home loan eligibility

    1) Age: Age is the first and foremost factor a lender/ financier considers when one applies for a housing loan. Normally, financial institutions attempt to limit the house loan term to the primary applicant's age of superannuation. This means young professionals (20s and early 30s) can avail a loan with a term of up to 25 years with no trouble. But older applicants especially those beyond 40 can find it a tad tough to be eligible for an extended tenure. Many a time, single applicant aged 50 and above were denied home loans purely on this basis.

    2) Income: Let us categorize this into salaried, professional and self-employed. Whichever category the applicant falls into, a steady and regular source of income is must. Basically, there are fewer risks in loaning money if the applicant is an earning individual.

    • Salaried Individual: If you are working for any government department or at any registered private company, you belong to this group. Most banks insists that the applicant should have completed at least one year in the present firm at the time of application. Pay slips, Form 16, bank statements and employer reference letter are the documents almost all lenders demand. Proofs for the same is needed for co-applicant and guarantor too (if applicable).
    • Independent Professionals: Doctors, dentists, architects, engineers, management consultants, chartered accountants, freelance workers etc. belong to this category. Bank statements and ITR papers have to be submitted.
    • Self Employed: Do you have your own company/ business? Or do you have other source of income like rented properties or hold shares? Then you belong to this category. If you have bank statements and tax-related papers to show, you can certainly apply for a home loan.

    3) Rate of Interest: Home finance eligibility is always inversely proportional to the rate of interest. If the rate is more, eligibility will be less and vice-versa.

    4) Loan Term: If you opt for a longer tenure, your eligibility will improve. EMIs too will lesser and manageable. But the downside to this is, you will end paying more interest.

    5) Outstanding Loan(s): Indian banks and financial institutions always recommend keeping the EMI to Income Ratio between 50 or 60 percent. This is to leave window for future loans or to pay of existing loans if any. But unsettled loans could be a great damper on your eligibility.

    6) CIBIL Report: Banks also scrutinize your credit repayment history from CIBIL (Credit Information Bureau India Limited), which is country's regulator and first credit information bureau. They keep detailed records of every info regarding credit history relation between you and lenders/ creditors. A negative entry can bring down your eligibility significantly.

    7 Tips to increase your home loan eligibility

    Eligibility is not an easy thing to assess. The banks and lenders will be considering your present liabilities, income, assets, etc. while calculating your home loan eligibility. In case the mortgage requirement is slightly higher that the eligible loan amount, some changes in the way you present yourself can help in increasing the eligibility factor. Tips to increase your eligibility for a home loan are mentioned below:

    1. Clearing Existing Loans: Ensure that you pay diligently towards your credit card outstanding or personal loan instalments. These can make the lender reject your application. The ideal thing to do is clear all dues and collect a no-due certificate before applying for a home loan. Ensure that your CIBIL report reflects these payments when you apply for home loan.
    2. Variable Pay: Ensure that you keep track of the variable pay that you get with your salary package. Calculation of eligibility towards a home loan also depends on this factor.
    3. Rental Income: If you have a house that is not being used by you, lease it out. The money that you earn as rental from this property can be used by you to show additional income source when you apply for a home loan. Your loan value can easily be enhanced by adding the rental income with our regular earnings.
    4. Increase in Tenure: The tenure of the home loan and the eligibility factor are directly proportional to each other. The eligibility increases upon increasing the tenure of the home loan. However, the maximum tenure that can be availed at present stands at 30 years.
    5. Income of the Spouse: In case your spouse has a regular source of income, then applying for a joint home loan can prove to be advantageous. The home loan eligibility goes up dramatically if you apply for a home loan with your spouse. This also suggests that both of you will have to repay the loan together.
    6. Take the Time You Need: Before making an application for a home loan, it is advisable that you take a look at your credit score. Look for errors on your report. In case, you find an error, ensure that it gets cleared by CIBIL. In order to get a loan quickly, do not apply with multiple lenders. Instead, find out the offers that you can get from different lenders. If the CIBIL score that you have is good, different lenders will be more than satisfied to offer the loan amount to you. Before you choose your lender, speak to an existing customer of that lender. Easy schedule of repayment, competent rates of interest and good services are the things to look at while choosing a lender.
    7. Step up Loans: Step up loans can be considered by you if you wish to increase your home loan eligibility factor. This is a great option for people face a lot of struggle initially, but get rewarded as they get established. Example – Chartered Accountants and Doctors. Under step up loans, lower EMIs will be offered with the loans. The instalments will go up gradually in the future.

    FAQs on home loan eligibility:

    • What factors are considered by a lender/bank while approving a loan?

    There are several factors that are considered by banks or lenders to determine if you are eligible for a loan. These factors are mentioned below:

      • Applicant’s age.
      • Applicant’s income level.
      • Qualification of the applicant.
      • Income level of spouse.
      • Resident status.
      • Existing loan status.
      • Credit score and credit history.
    • Are my children eligible to be co-applicants for my home loan?

      Yes, your parents, children and spouse are considered eligible for being co-applicants for the home loan.

    • Am I eligible for tax benefits if I take a home loan?

      Yes, you can avail tax benefits when you take home loan from a bank or a financial institution under Section 80C and Section 24 under the IT Act.

    • Will I be eligible for a home loan if I have a bad credit score?

      In case you have a poor credit score, it will be difficult for you to get a home loan. Banks or financial institutions consider your credit report to be of great value while determining your eligibility towards a loan. If you have a good score, banks will be happy to offer you a home loan with attractive rates of interest. However, with a bad score lenders will doubt your repayment capability and might not consider you to eligible for a home loan.

    Home Loan - Sitemap

    How to Use an EMI Calculator

    While applying for a Home Loan, there can be a lot of confusions with regard to your EMI Payments. However, technology has made it easier for borrowers and potential borrowers to now use the EMI calculator to accurately calculate the EMI one has to pay after availing a particular loan. By simply entering a few details about your loan tenure, loan amount, interest, etc., the EMI calculator will be able to accurately assess your EMI payments.

    Read on to know more about: Click Here

    How to Use Online Financial Calculators

    While applying for a Home Loan, there can be a lot of confusions that arise with regard to your EMI Payments, tenure, eligibility, etc. However, technology has eased this process for borrowers and potential borrowers. They can to now use financial calculators to accurately calculate the EMI one has to pay, your eligibility, interest, amongst other factors. By simply entering a few details about your loan tenure, loan amount, interest, etc., financial calculators accurately assess your loan details.

    Read on to know more about: Click Here

    Home Loan Eligibility Reviews

    • DBS Bank Home Loan
      "Waste of time due to unrealistic response"
      0.5 1.0/5 "Really Bad"
      I get much more loan eligibility in market compare to you guys and the banks i short listed through you. While the marker operates at a different reality level, your platform doesn't which led to a feeling of waste of time.. No follow up on what happened to client's call with banker. Did it get through or not? Is there any other way in which we can help you? etc...
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2018
    • Bank Bazaar Home Loan
      "Awesome Platform"
      0.5 5.0/5 "Blown Away!"
      Quick and easy to apply. Awaiting further response from bank. Awesome platform to apply for loan and get the eligibility test. Bank bazaar is the place to go online. Easy to fill out the information and i like the find me option where you dont need to fill out the address manually.
      Was this review helpful? 1
      , delhi
      Reviewed on Oct 05, 2018
    • Punjab National Bank Home Loan
      "Prompt service"
      0.5 4.0/5 "Great!"
      I have applied the loan in the month of March. I have just asked for the maximum eligibility amount. They have providing me the interest rate of 8.5% and I'm sure about the processing fee. After that i have rejected the loan due to that i have postpone the plan. I never faced any issue with PNB housing. The customer provided very prompt response
      Was this review helpful? 4
      , hyderabad
      Reviewed on Jul 09, 2018
    • ICICI Bank Home Loan
      "Fast service from ICICI"
      0.5 5.0/5 "Blown Away!"
      I have applied the loan amount of Rs. 45 lakhs and they have sanctioned loan now its under process. Before they have rejected the loan due to no eligibility. Again i have applied now with the amount of 20 lakhs now its under processing. They are providing a interest rate of 10.56% and the processing fee of 2%. The documents also not collected by any of the executive however i have uploaded the documents through online. The customer care service is very good. They are giving the security against the loan.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jul 09, 2018
    • Punjab National Bank Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I have approached PNB for my home loan. They have taken much time for the loan process here and i was asked to submit lot of documents to submit so i have canceled the taken with ICICI bank where i had high eligibility also. The customer service and response was good. I was looking for 50 lakhs loan amount and the given interest rate was also very satisfactory here.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 06, 2018
    • Bank Bazaar Home Loan
      "Awesome experience"
      0.5 4.0/5 "Great!"
      I was running around trying to figure out the Bank that provide loan and eligibility checks , sales persons and managers were friendly but noting was happening , after checking through Bank Bazaar , things were different. I feel delighted at the moment and hope the good service continues till the completion of all formalities.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2018
    • Bank Bazaar Home Loan
      "Thanks "
      0.5 5.0/5 "Blown Away!"
      Thanks for your quick response. I have given my all details as per your requirement and hope for a positive reply. Approval is subject to the financial eligibility of the customer but it is important to make relation with new clients with your offers/mails/telephonic/web in a very easy way. And I found all above. Thanks a lot.
      Was this review helpful? 0
      , jalandhar
      Reviewed on Dec 14, 2017
    • Bank Bazaar Home Loan
      "EXECUTIVE"
      0.5 5.0/5 "Blown Away!"
      The process of computing my loan eligibility, comparative quotes, checking my credit score was seamless and awesome. I could complete the process within a few minutes sitting in the comfort of my office. Thank you Bank Bazaar for making such a great product.
      Was this review helpful? 6
      , chennai
      Reviewed on Dec 04, 2017
    • Bank Bazaar Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Bank bazaar website is good to get all needed banking product details in a single platform to check the eligibility and loan offers and discounts etc. Bank bazaar customer care staffs are also good. Bank bazaar website is easy to use and user friendly.
      Was this review helpful? 1
      , delhi
      Reviewed on Nov 21, 2017
    • Bank Bazaar Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached Bank bazaar for credit card before. I am satisfied with the customer service and response which is excellent. They have to do proper followups and limited eligibility questions should be asked while applying. The website was very easy to understand and I have faced any technical issues here.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 09, 2017
    • Bank Bazaar Home Loan
      "Useful website"
      0.5 4.5/5 "Excellent!"
      I have been using the Bankbazaar website for a long time and have taken different financial products in the past. It helps me check my eligibility for different financial products and gives me information on the banks and offers that are currently available. I find the website to be a useful one.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Nov 08, 2017
    • Bank Bazaar Home Loan
      "Good financial advisor"
      0.5 4.0/5 "Great!"
      Bank Bazaar called me each and every time, whenever I request for the call back for any queries. The website information is also good, but form filling is little difficult to check the eligibility, it would be great if Bank Bazaar improves the application form.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 11, 2017
    • Bank Bazaar Home Loan
      "Great responsivness"
      0.5 2.0/5 "Expected more"
      Bank bazaar is an user friendly site, it has various financial products. customer executives are good,their service is excellent,really helpful to choose the right product. It is very easy to access and they give many offers as per eligibility. Keep it up!!
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 11, 2017
    • Bank Bazaar Home Loan
      "User friendly"
      0.5 5.0/5 "Blown Away!"
      Here is a way, where we check different bank details with plenty offers on loan products to compare interest rate, EMI option and bank eligibility in one stop. Service of Bank Bazaar is good, their online interface is user friendly and easy to access.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 10, 2017
    • Bank Bazaar Home Loan
      "Easy to Access"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is very good, I got very good response from them. Because when I applied loan through online in Bank Bazaar. I got frequent call they connected with HDFC Ltd. I am using their online application its easy to access. But it would great if they improve their eligibility page, it should be short and simple.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 10, 2017
    • Bank Bazaar Home Loan
      "Excellent, user friendly website"
      0.5 4.5/5 "Excellent!"
      Bank bazaar is an user friendly site, it has got the information about various financial products. Customer service executives are good,their service is excellent,really helpful to choose the right product. its easy to access and they give many offers as per eligibility. Keep it up Bankbazaar.com.
      Was this review helpful? 1
      , jaipur
      Reviewed on Oct 09, 2017
    • Bank Bazaar Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      This is my first experience with Bank bazaar. The representative supported and processed so quick but the eligibility questions are more on the website which is not satisfactory other than that the customer service and responses was on time. I would like to rate 3 out of 5 overall.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 07, 2017
    • ICICI Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have applied for home loan with ICICI bank. The rate of interest was 8% which was average but according to their eligibility criteria I am not eligible so they have rejected the application. My overall experience was average and I would like to recommend others
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 06, 2017
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had a plan of buying a house so I just gave an inquiry through online portal. I would like to check according to my eligibility how much amount they can sanction for a home loan. Since I was looking for a higher amount, just postponed my plans for few months.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 06, 2017
    • Bank Bazaar Home Loan
      "Good service with detailed information"
      0.5 4.0/5 "Great!"
      Bankbazaar was an overall good experience as the quality of service and response received was very good. They gave me proper information on the the offers that was available for me and also informed the difference in details with many financial institutions that met my eligibility.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 06, 2017
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