Apply For Loan (Home Loan Eligibility Calculator)

Important Information

Minimum & Maximum Age18 – 70 years
Minimum Income₹25,000
Credit ScoreAbove 750
Employment StatusSalaried or Non-Salaried
Work Experience2 Years
Loan AmountDecided by lender
Residence TypePermanent resident or Non-resident Indian (NRI)
LTV Ratio75 to 85%

Home Loan Eligibility Calculator Overview

What is Home Loan Eligibility Calculator in Delhi? 

Home Loan Eligibility Calculator is one such calculator in which we can know our home loan eligibility in a matter of seconds. You can self-assess your house loan eligibility through the criteria on other given site by online method, and check whether your age, work experience and monthly remuneration falls within the specified limit. In this calculator you have to feed some of your information about Mortgage loan and then you only have to click on calculate, the site will show you house loan eligible amount & monthly EMIs.

Home loan eligibility mainly depends on the income and repayment capacity of the individual.

Every bank and financial institution runs on its own terms and conditions for Housing finance. The eligibility or eligibility of a instant home loan in Delhi for any individual depends on whether you are able to fulfill the terms and conditions laid down by the lending institution or not. By knowing your housing finance eligibility, you get to know whether you will be able to get the home loan amount as per the terms and conditions prescribed by the lending institution.

Factors that Affect Home Loan Eligibility

Here are some of the factors that the home loan lender understands while calculating the home loan amount as per your loan eligibility.


  • Banks or NBFCs ensure that your Monthly Installments (EMIs) fixed as per your eligibility, it should be limited to 50% of your monthly income. So that you will not get trouble while managing your loan EMIs with your monthly expenses.
  • If you have already taken a loan and still pay its EMI, then keeping this loan in mind the monthly EMI of your new loan will be decided. The ongoing EMI of any other loan can reduce your loan ability and eligibility.
  • If you want to take property based value, then keep in mind that most of the banks and NBFC institutions distribute only up to 80% of the value of the property.


What are the main factors affect loan eligibility?

AgeThe first and foremost factor that a lender/financier considers when you applies for a loan is your age. Generally, financial institutions try to limit the loan tenure to the retirement age of the primary applicant. This means that young professionals (early 20s and 30s) can avail loans with tenures of up to 25 years without any hassle. But it can be a bit tough for older applicants especially for applicants over 40 to be eligible for the extended tenure
 Income Any category the applicant belongs to, they must have a stable and regular source of income. Let us categorize it into salaried, professional and self-employed. Basically, if the borrower is a good money earner then there is less risk in borrowing money from any bank

The people who work in the firm whether they are private registered or government, then these rules also applies on them:-

  1. Should have experience of last 1 year or more in the current organization.
  2. Documents like pay slip, bank statement and Form 16 may be asked by lender.
  3. Must be a co-applicant or guarantor too
Independent professionals

This category includes doctors, dentists, architects, engineers, management consultants, chartered accountants comes under independent workers/professionals. These people are required to submit bank statements and ITR papers to take the loan

Self employed

If you have your own company or your own business, or you have any other source of income like rented property or share holder then you come under this category. If you have solid proof of your income like bank statement or tax related documents then you can easily apply for loan

Cibil score

Your CIBIL score plays a major role in getting your loan document approved. The Bank checks your past credit payments from Credit Information Bureau India Limited. This company keeps all of your past credit records, and your relationship with lenders. If your old record is not correct then it can greatly reduce your eligibility

Loan tenure

If you choose a longer tenure for your loan, your eligibility will improve and it can extend even further. Your EMI will also be low and manageable. But the downside is that you’ll end up your loan paying more interest

Outstanding loans

If you have taken a loan in the past, then always pay it on time and try to repay your loan as soon as possible. Apply for another loan only after you have settled your previous loan. If your old loan goes unsettled, it can take a toll on your eligibility, and your loan approval may get rejected

How to Improve Eligible Home Loan Amount?

Here we are going to tell you some innovative ways, with the help of them you can improve your eligible home loan amount.


While applying for home loan, you can make your own spouse or any family member as your co-applicant and can take joint home loan together. In this response the income of your spouse or your co-applicant will be considered and it increases your loan eligibility and amount.


You can choose a longer tenure of your home loan to increase the eligibility of your loan amount. This will also reduce your monthly installments and make it easier to repay the loan.


As we have already told you that you can add your life partner or your parents or any member of the household as a co-applicant for your loan. Provided their income should be fixed and their CIBIL score should also be good

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