How to Calculate Home Loan Eligibility Online

• Visit the Loan Eligibility Calculator: Access the home loan eligibility calculator on the lender's website or a trusted financial platform.
• Enter Personal Information: Provide your age, monthly income, employment type (salaried/self-employed), and any existing EMI obligations.
• Input Loan Details: Enter the desired loan amount, preferred tenure, and applicable interest rate.
• Review the Results: The calculator will display your eligible loan amount based on the provided inputs.
• Compare and Apply: Adjust the parameters as needed, compare lenders, and proceed to apply for the home loan that best suits your needs.

• Income Level: Your monthly income significantly determines your repayment capacity and eligible loan amount.
• Employment Type: Salaried individuals, self-employed professionals, and business owners are evaluated based on income stability and financial profile.
• Credit Score: A good credit score (typically 650 or above) improves your chances of approval and may secure better loan terms.
• Age: Applicants aged between 21 to 65 years are generally eligible, with younger applicants having a higher tenure advantage.
• Existing Financial Obligations: Ongoing EMIs, loans, or credit card dues can impact the maximum loan amount you can avail.
• Property Value and Type: The value and type of property (residential, under-construction, or ready-to-move) directly affect the eligible loan amount.
• Co-Applicant's Financial Profile: Adding a co-applicant with a stable income and good credit score can enhance eligibility.
• Loan Tenure: Longer tenures may improve eligibility as they reduce the EMI burden, but total interest cost increases.