Check Eligibility & Apply for Home Loan Online

Home loan are the best way to make your dream come true. So, if you are also looking for a home loan and have not found the best deal yet, look at the top banks providing home loan at affordable rates. A home loan is one of the special loans as it helps you buy your dream home when your savings fall short. So, if you are also planning to get a house for yourself but the overall cost is out of your budget, do not worry and get a home loan. For a new borrower, it is very important to note that the there are some factors that decide the eligibility for a home loans. These factors are kept in mind while calculating the eligibility of the applicant. So, before you apply, have a look at the factors affecting the home loan eligibility here. Factors Affecting Home Loan Eligibility- Age of the applicant Monthly income of the applicant Property value Credit history of the applicant Employment/Profession status The category of the employer (for salaried) Relationship with the lender On the basis of the above factors, banks and NBFCs decide the loan amount and interest rate that a person is eligible for. So, the applicants whose profile matches most of these factors have a higher chance of getting a better deal. Axis Bank Home Loan Online- Have a look at the eligibility criteria for a home loans at Axis Bank depending upon the profession. Salaried Individuals: Permanent services in any Government or renowned company The age of the applicant should be 21 years at the time of loan commencement and up to 60 years at the time of loans maturity. Self-employed Professionals: Self-employed professionals such as doctors, engineers, dentists, architects, CA, management consultant, cost accountants and company secretary can apply for Axis Bank home loan. The applicant should be 21 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity. Self-employed Individuals: Your minimum age should be 21 years at the time of loan commencement and up to 65 years or less at the time of loan maturity. Self-employed individuals filing income tax return (ITR) are eligible to apply for a home loan. HDFC Home Loan-

The home loan eligibility at HDFC is as follows: Individuals Proposed owners of the property are only eligible as co-applicants SBI Home Loan- Below is the SBI Home Loans Eligibility on the basis of which you can apply at the bank: Salaried: Age of the applicant should be between 18-70 Years The annual income of the applicant should be at least ?1.2 lakhs The maximum loan amount the applicant can get is ?5 lakhs to ?1 crores Maximum loan tenure is 30 years The minimum work experience with the current employer should be 2 years Self-employed: Age of the applicant should be between 21-70 Years The annual income of the applicant should be at least ?2,00,000 The maximum loan amount the applicant can get is ?5 lakhs to ?2 crores Maximum loan tenure is 30 years The minimum work experience with the current employer should be 3 years ICICI Home Loan- Below is the eligibility criteria to apply for a home loan at ICICI Bank: Eligibility Criteria: Salaried Indian with a regular source of income Self-employed Indians with a regular source of income The minimum age of the applicant should be between 21-65 years LIC Home Loan- LIC housing finance company accepts the home loan application on the basis of the eligibility criteria as mentioned below. LIC Home Loan Eligibility- An individual residing in India, non-resident Indian and pensioners are entitled to avail LIC Home Loans. Individuals either being salaried employees, self-employed professionals and businessmen are also eligible for availing LIC Home Loans. Pensioners in the age group of 70 years are classified as before-retirement individuals and pensioners in the age group of 70 years or above are classified as post-retirement individuals, both are eligible to avail LIC Home loan. Thus, with all the above options in your hands, you must have got the idea which lender would suit your profile. So, do not delay your decision and apply for a home loan online now!

Leave a Reply

Your email address will not be published. Required fields are marked *

− one = two