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Home Loan Eligibility Calculator – Calculate Home Loan Eligibility

Understand what home loan eligibility is, how it is calculated, and the key factors like income, credit score, and obligations that affect your loan approval.

Home Loan Eligibility

₹ 56,93,493

Monthly EMI

₹ 45,000

Gross Income (Monthly)

Other EMIs

Monthly Expenses

5k 25lac

Interest Rate

- +

Tenure

- +

Calculate Now

Get an instant estimate of your eligible home loan amount based on your income,

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Wondering how to check home loan eligibility? To calculate home loan eligibility online, simply enter the following into the calculator:

Gross Income (Monthly)
Tenure
Rate of interest
Other EMIs (Monthly)

This tool will check your home loan eligibility and display how much financing you can avail as well as your EMI. You can use the home loan eligibility calculator to see the potential loan amount you qualify for anytime, anywhere.

What is Home Loan Eligibility

Home loan eligibility shows the maximum loan you can borrow based on your finances. Higher income, lower debts, and a longer working life can improve your eligibility. Factors like credit history, employment type, property value, and existing lender relationships also play a role. You can estimate this quickly using a home loan eligibility calculator. This tool gives an idea of how much you can borrow based on income, EMIs, age, and financial obligations, helping you plan before applying.

How to Use the Bajaj Markets Home Loan Eligibility Calculator

Using the home loan eligibility calculator is simple and helps you quickly estimate the loan amount you can avail based on your financial profile. By entering a few key details, the tool provides an instant idea of your eligibility and potential EMI, making planning easier before applying for a home loan.

How is home loan eligibility calculated:

Enter Gross Monthly Income: Provide your total monthly earnings, including all sources
Select Loan Tenure: Choose the number of years you wish to repay the loan
Input Interest Rate: Add the applicable home loan interest rate
Add Existing EMIs: Include all other fixed monthly financial obligations
Check Eligibility: Click to see your potential loan amount and EMI

How To Calculate House Loan Eligibility

Calculating house loan eligibility helps you understand the maximum loan amount you can avail based on your income, liabilities, and financial profile. Using a home loan eligibility calculator or a manual method helps ensure realistic planning before applying for a home loan.

How to Check Home Loan Eligibility: Key Factors to Consider

Monthly Income: Total earnings from salary, business, or other sources
Age and Retirement: Determines the loan tenure you can opt for
Existing EMIs: Include all ongoing financial obligations
Credit Score: Higher scores improve your eligibility
Property Value: Lenders may consider the property type and cost

How to Calculate Home Loan Eligibility:

Determine Net Monthly Income: Subtract taxes and obligations from gross income
Calculate Repayable EMI: Lenders usually allow 40–50% of income toward EMI
Estimate Maximum Loan Amount: Use EMI, interest rate, and tenure to find the eligible loan amount

Example for Better Understanding:

If your monthly income is ₹80,000, existing EMIs total ₹10,000, and the bank allows 50% of income for EMI, your eligible EMI is ₹30,000. At an interest rate of 8.5% for 20 years, the house loan eligibility tool shows a potential loan of approximately ₹54 lakhs.

Home Loan Eligibility Criteria for Various Lenders on Bajaj Markets

Different lenders have varying housing loan eligibility criteria for salaried individuals, self-employed applicants, and professionals. These criteria depend on income, age, credit score, and employment type. Knowing these details helps you compare options and plan your application effectively.

Home Loan Provider	Salaried Applicants	Self-Employed Applicants
Bajaj Housing Finance	Age: 23–67 years Minimum CIBIL: 725 Provide proof of income: Form 16 or last salary slip, Bank statement (last 3 months)	Age: 23–70 years Minimum CIBIL: 725 Provide proof of income: ITR (last 2 years), Bank statement (last 6 months) Business vintage proof (Certificate of Incorporation, Shop Act, etc.)
Home First Finance Company (HFFC)	Age: 23–67 years Minimum 3 years of work experience Income proof: Salary slips (3 months), Form 16, ITR (2 years), Bank statement	Age: 23–70 years- Minimum 5 years running a successful business- Income proof: ITR (2 years), CA-certified balance sheets, P&L statement (3 years), business license/degree certificates, TDS certificate
ICICI Bank	Age: 21–65 years Net monthly income ≥ ₹25,000- Work experience ≥ 2 years Stable credit history	Age: 21–65 years- Net Profit After Tax ≥ ₹30,000/month Business vintage ≥ 3 years Stable credit history
India Shelter	Age: 23–67 years- Work experience ≥ 3 years Must be a co-owner or family member of the property	Age: 23–70 years Work experience ≥ 5 years running a successful business Must be a co-owner or family member of the property
L&T Finance	Age: 23–62 years Indian resident Income proof: Bank statements (1 year), Salary slips (3 months)	Age: 23–62 years Indian resident Income proof: Latest personal and business ITR (2 years), P&L accounts, Bank statements (2 years)
LIC Housing Finance	Age: Up to retirement Minimum income: ₹35,000/month (metro), ₹25,000/month (non-metro) Form 16 and salary slips are required	Age: 21–70 years Minimum income: ₹6 Lakhs/year PAT (metro), ₹4 Lakhs/year PAT (non-metro) ITR filings last 3 years
PNB Housing Finance	Age: 21–70 years Minimum income: ₹18,000/month Work experience ≥ 3 years Salary slips & Form 16 required	Age: 21–70 years Minimum business vintage: 5 years Business existence proof & ITR filings (last 3 years)
Samman Capital	Age: 23–70 years Credit score ≥ 675 Work experience: Doctors, MD/MS ≥ 3 years; Other professionals ≥ 5 years Income proof: Salary slips, Form 16, Bank statement	Age: 23–70 years- Credit score ≥ 675 Income proof: ITR, Financial statements, Bank statements Work experience: Doctors, MD/MS ≥ 3 years; Other professionals,≥ 5 years
Truhome Finance	Age: 21–70 years Income > ₹30,000/month Minimum 2 years of work experience Income proof: Form 16, Employer letter, Bank statements (6 months), Payslips (2 months), ITR (3 years)	Age: 21–70 years Income > ₹30,000/month- Minimum 3 years experience in the current field Income proof: Bank statements (6 months), ITR (3 years), CA-attested Balance Sheet & P&L (2 years)
Shubham Housing Finance	Age: 21–65 years Indian citizen Residential address must be serviceable	Age: 21–65 years- Indian citizen- Residential address must be serviceable
Vridhi Home Finance	Combined EMI ≤50% of income Income proof: Salary slips & bank statements (last 3 months), Bonus proof last 2 years	Combined EMI ≤50% of income Income proof: Bank statements, Bonus proof for the last 2 years
South Indian Bank (SIB Ashirwad)	Age: ≥21 years, Max 70 years Minimum income: ₹15,000/month- Work experience ≥ 2 years Minimum CIBIL: 700 (680 considered with a clean history)	Age: ≥24 years, Max 70 years Minimum income: ₹15,000/month- Work experience ≥ 3 years Minimum CIBIL: 700 (680 considered with a clean history)
Easy Home Finance	Age: ≥24 years, Max 70 years Minimum income: ₹15,000/month- Work experience ≥ 3 years Minimum CIBIL: 700 (680 considered with a clean history)	Age ≥21 years Minimum CIBIL: 650- Minimum 3 years work experience Income proof: Profit & Loss statement, Bank statements (6 months)

Disclaimer: Eligibility criteria, income requirements, and credit score thresholds mentioned above are subject to change at the lender’s discretion. Final approval is based on the lender’s internal credit assessment and prevailing policies at the time of application.

Salaried Individuals:

Most banks assess salary, existing EMIs, age, and employment stability. Lenders typically allow 40–50% of monthly income for EMIs while checking eligibility.

Self-Employed Applicants:

Lenders evaluate business stability, profit/loss statements, tax returns, and credit history. Higher documented income increases loan eligibility.

Professionals (Doctors, Lawyers, Chartered Accountants, etc.):

Banks consider professional income, experience, and practice history. Stability and track record are key factors for approval.

Home Loan Comparison Table:

Here’s a detailed overview of the rates you get from various lenders when you meet the home loan eligibility criteria:

Available Home Loan Offerings	Starting Interest Rate	Max. Loan Amount	Max. Tenure	Processing Fee
Bajaj Housing Finance Limited Home Loan	7.25% p.a.	15 Crores	384 months	Up to 4% + GST
PNB Housing Finance Home Loan	8.5% p.a.	15 Crores	360 months	Up to 0.50%
Home First Finance Company Home Loan	9% p.a.	₹50 Lakhs	240 months	₹9,990 - ₹24,990 + GST
ICICI Bank Home Loan	9% p.a.	5 Crores	360 months	₹2,999 (T&C Apply)
LIC Housing Finance Home Loan	8.65% p.a.	15 Crores	360 months	0.25% (up to ₹50,000) + GST
Shubham Housing Finance Home Loan	9.9% p.a.	50 Lakhs	300 months	Up to ₹27,000 + 3% of the loan amount + GST (depending on the loan amount)
Truhome Finance Home Loan	11.5% p.a.	1 Crore	300 months	Up to 2.5% + GST
India Shelter Home Loan	13% p.a.	40 Lakhs	240 months	Up to 3% + GST
L&T Finance Home Loan	7.65% p.a.	7.5 Crores	300 months	Up to 3% + GST
Vridhi Home Finance Home Loan	12% p.a.	25 Lakhs	144 months	2% + GST
Sammaan Capital Home Loan	8.75% p.a.	5 Crores	360 months	Up to 1% + GST
South Indian Bank Home Loan	9.50% p.a.	50 Lakhs	360 months	0.75% + GST
Easy Home Finance Home Loan	10.50% p.a.	50 Lakhs	240 months	1.5% to 2.5%

Disclaimer: Interest rates, loan amounts, tenure, and processing fees are indicative and subject to change at the lender’s discretion. Final loan terms depend on the applicant’s credit profile, eligibility, and prevailing lender policies at the time of application.

Factors Affecting Home Loan Eligibility

Several factors determine your home loan eligibility, helping lenders assess your repayment capacity and decide the loan amount. Understanding these factors can improve your chances of approval and ensure you borrow within your financial limits.

Income and Employment:

Your monthly income, job stability, and employment type influence how much you can borrow. Salaried individuals and professionals with steady income are usually eligible for higher loan amounts.

Age and Retirement:

Your current age and expected retirement age impact the loan tenure. Younger applicants with more working years ahead may qualify for larger loans.

Credit Score and History:

A strong credit score and clean credit history increase your home loan eligibility and may help secure better interest rates.

Existing Financial Obligations:

Outstanding EMIs, loans, or other liabilities reduce your borrowing capacity and affect eligibility calculations.

Property Value and Type:

Lenders consider the cost, location, and type of property when approving your loan amount.

How to Improve Your Home Loan Eligibility

There are several ways to boost your home loan eligibility and increase your chances of approval. Focusing on key financial and credit factors can help you secure a larger loan amount and better repayment terms.

Add a Co-Applicant:

Including a family member as a co-applicant can increase your home loan amount eligibility. Lenders consider combined income and financial stability, which may result in a higher sanctioned loan.

Maintain a Steady Income:

Ensuring regular income and stable finances improves your home loan eligibility criteria. Consistent earnings show the lender that you can comfortably manage EMIs over the loan tenure.

Document Additional Income:

Providing details of extra income sources, such as incentives, bonuses, or one-off monetary compensations, can enhance your home loan eligibility calculator results. This helps lenders see your full repayment capacity.

Plan Repayments:

Structuring a solid repayment plan for existing EMIs and obligations demonstrates financial discipline. Proper planning can positively affect your home loan eligibility checker outcome.

Check and Correct Credit Report:

Errors in your CIBIL report can reduce your home loan eligibility. Disputing inaccuracies and maintaining a clean record ensures lenders evaluate your creditworthiness accurately.

Build a Strong Credit History:

Making timely payments and avoiding outstanding dues strengthens your home loan eligibility. A good credit history increases approval chances and may secure better interest rates.

By following these steps, you can improve your home loan eligibility and confidently apply for your dream home, ensuring that all controllable factors are optimised before submitting your application.

How to Apply for a Home Loan on Bajaj Markets After Checking Eligibility

After using the home loan eligibility calculator, you can follow these simple steps to apply for a home loan on Bajaj Markets:

Here is the step-by-step process:

Check Eligibility: Click on “Check Eligibility” on the home loan page
Enter Basic Details: Provide your name, contact information, and verify via OTP
Provide Additional Details: Include income, property information, desired loan amount, and PAN
View Lender Options: Get a list of lenders offering loans based on your profile
Compare Offers: Review loan terms, select the offer that suits you, and proceed to apply
Connect with Lender: The selected lender will guide you through the application process
Upload Documents: Submit required proofs such as income, identity, address, and property papers
Wait for Approval: Lender verifies your documents and eligibility
Receive Loan Disbursement: The approved home loan is transferred to your bank account

FAQs

What are the minimum house loan eligibility requirements for an NRI?

NRIs need a stable income, valid identification, and to meet the lender's home loan age eligibility. Banks may also check credit history and financial stability to determine eligibility.

Are my children eligible to be co-applicants for my home loan?

Children above 18 with a steady income can be co-applicants. This can improve overall repayment capacity and loan approval chances.

What is the role of a co-applicant when it comes to home loan eligibility?

A co-applicant shares the repayment responsibility and increases the combined income, which helps the lender assess the loan amount more accurately.

How can I check my home loan eligibility based on my salary using a home loan eligibility calculator?

You can enter your gross salary, EMIs, and obligations into a home loan eligibility calculator based on salary to get an estimate of the loan amount you may qualify for.

Does my age affect home loan eligibility, and what is the age criterion for home loans?

Yes, age determines the maximum loan tenure. Most lenders require borrowers to be at least 21 years old and not exceed 65 at the end of the loan.

What is the maximum home loan amount I am eligible for?

The maximum loan depends on your income, age, liabilities, and credit score. Using a calculator can give a realistic estimate of the maximum home loan eligibility.

Can I calculate my housing loan eligibility before applying for a loan?

Yes, a housing loan eligibility calculator lets you estimate your potential loan and EMI before submitting an application.

Is there a free housing loan eligibility calculator I can use online?

Many banks and financial platforms offer a free home loan eligibility calculator for instant estimation of the loan amount you can avail.

How accurate is a housing loan eligibility calculator in estimating eligibility?

Calculators provide a close estimate based on your inputs, but final eligibility may vary after lender verification and document checks.

What is the difference between a home loan EMI calculator and a housing loan eligibility calculator?

A home loan EMI eligibility calculator helps determine monthly payments for a specific loan, while a housing loan eligibility calculator estimates how much you can borrow based on income and financial obligations.

Can I include a co-applicant in my home loan eligibility calculation?

Yes, adding a co-applicant can improve repayment capacity and potentially increase the eligible loan amount.

Will my existing EMIs affect my home loan amount eligibility?

Yes, lenders consider ongoing EMIs when calculating eligibility. Higher existing obligations may reduce the loan amount you qualify for.

How can I check my home loan eligibility across multiple banks or lenders?

You can use online platforms that offer a multi-lender home loan eligibility checker, allowing you to compare offers without applying separately to each bank.

What factors do banks consider when calculating home loan eligibility?

Income, age, credit history, employment type, existing liabilities, and property details are the main factors that determine eligibility.

How does my credit score impact my home loan eligibility?

A strong credit score increases approval chances and may help get better loan terms. Poor scores can reduce eligibility and affect interest rates.

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