🏠 Home Loan Eligibility Criteria in India
Getting a home loan is a big step toward owning your dream home. But before applying, you need to know whether you are eligible or not. Banks and lenders have certain rules, and if you meet them, your loan approval becomes easier.
✅ 1. Age Criteria
- Minimum age: 21 years
- Maximum age: 60 years (salaried) / 65 years (self-employed)
👉 Younger applicants have higher chances of approval.
✅ 2. Income Criteria
- Your monthly income decides how much loan you can get.
- Generally, EMI should not be more than 40–50% of your income.
- Salaried and self-employed both can apply.
✅ 3. Employment / Business Stability
- Salaried: Should have at least 2 years of work experience.
- Self-employed: Minimum 3 years of stable business.
✅ 4. Credit Score Requirement
- A good CIBIL score (750+) increases chances of approval.
- Lower scores may still get a loan but at higher interest rates.
✅ 5. Loan-to-Value Ratio (LTV)
- Banks usually finance 75%–90% of the property value.
- You need to arrange the rest as down payment.
✅ 6. Property Requirements
- The property should have clear legal documents.
- It must be approved by the bank’s technical and legal team.
🚀 How Mortbuzz Helps You Qualify
At Mortbuzz, we guide you step by step to improve your eligibility:
- Free credit score advice
- Loan amount calculation based on your income
- Help in arranging documents
- Suggesting banks that best suit your profile
👉 Apply today at Mortbuzz.in and check your eligibility instantly! Mortbuzz Home Loan Offer
Conclusion
Understanding home loan eligibility criteria helps you prepare better and increases your approval chances. With the right income, age, credit score, and property documents, you can easily qualify. And with Mortbuzz, your dream home is never far away!