How to Calculate Home Loan Eligibility Online

• Access a Home Loan Eligibility Calculator: Visit your preferred lender's website or a reliable financial platform offering a home loan eligibility calculator.
• Enter Your Income Details: Input your monthly net income to determine your repayment capacity.
• Provide Loan and Tenure Preferences: Specify the loan amount, desired tenure (usually 5-30 years), and applicable interest rate.
• Add Existing Financial Obligations: Enter details of any current EMIs, loans, or other debts to calculate your disposable income.
• View Results: Instantly receive your maximum eligible loan amount, estimated EMIs, and tenure options tailored to your profile.

• Income Stability: Salaried Applicants are regular monthly income ensures repayment ability. Self-Employed Applicants are consistent business income over at least 2-3 years is essential.
• Credit Score: A credit score of 750+ indicates financial discipline and boosts eligibility. A low score may result in rejection or higher interest rates.
• Age of Applicant: Younger applicants (21-35 years) have better eligibility due to longer repayment tenures. Older applicants may face restrictions due to limited earning years.
• Employment Type and History: Salaried Employees have Stable jobs with reputed organizations are preferred. Self-Employed Professionals: Proven business stability and income growth improve eligibility.
• Existing Financial Obligations: High ongoing EMIs or debts reduce disposable income, affecting eligibility. A low debt-to-income ratio enhances repayment capacity.
• Loan-to-Value (LTV) Ratio: Lenders usually finance 75%-90% of the property value. A higher down payment reduces the loan amount and increases approval chances.
• Property Details: The property’s location, condition, and legal clearance significantly impact eligibility. Properties in approved locations with clear titles are preferred.
• Co-Applicant’s Income: Adding a co-applicant with a stable income boosts eligibility and increases the loan amount.
• Loan Tenure: Longer tenures reduce monthly EMIs, improving affordability and eligibility.
• Lender-Specific Policies: Different banks and NBFCs have varying eligibility criteria.