Home Loan · Guide
Home loan eligibility criteria
Home loan eligibility depends on two things: your ability to repay (income, existing EMIs, credit score) and the property's ability to serve as collateral (title clarity, approvals, valuation).
By FinancePaisa Editorial Team · Research & editorialUpdated · 1 min read
On this page (4 sections)
Borrower eligibility
| Parameter | Typical criterion |
|---|---|
| Age at loan start | 21 to 65 years |
| Age at loan maturity | Not beyond 70 years |
| Minimum income | ₹25,000 / month salaried; ₹3 lakh pa self-employed |
| Credit score | 700+ acceptable, 750+ for best rates |
| FOIR | EMIs ≤ 45-55% of net income |
Age at loan start
- Typical criterion
- 21 to 65 years
Age at loan maturity
- Typical criterion
- Not beyond 70 years
Minimum income
- Typical criterion
- ₹25,000 / month salaried; ₹3 lakh pa self-employed
Credit score
- Typical criterion
- 700+ acceptable, 750+ for best rates
FOIR
- Typical criterion
- EMIs ≤ 45-55% of net income
Property eligibility
- Clear title with a chain of documents going back 13-30 years
- Approved plan sanctioned by the local municipal authority
- Occupancy certificate (for ready properties)
- RERA registration for under-construction projects
- Property in a technically approved locality by the bank
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Loan-to-value (LTV) caps as per RBI
| Loan amount | Max LTV |
|---|---|
| Up to ₹30 lakh | 90% |
| ₹30 lakh to ₹75 lakh | 80% |
| Above ₹75 lakh | 75% |
Up to ₹30 lakh
- Max LTV
- 90%
₹30 lakh to ₹75 lakh
- Max LTV
- 80%
Above ₹75 lakh
- Max LTV
- 75%