What is Home Loan Eligibility?
Home Loan eligibility is a set of criteria set by the banks or financial institutions to decide whether the applicant is capable of borrowing & repaying the home loan amount.
Illustration : How Much Loan Can I Avail?
The home loan amount you get depends on various factors such as your age, monthly income, CBIL credit score, loan tenure, property value, etc.
How is Home Loan eligibility calculated?
The home loan eligibility is calculated based on your income, credit score, age, and other financial liabilities.
Home Loan Eligibility Criteria
The home loan eligibility criteria are set around the following important factors: - Age, Income, CIBIL Credit Score, Employment Status, Work Experience, Property Type, Loan Tenure. The eligibility criteria may differ from one bank to the other.