Hey buddy. I can help you out with how to check home loan eligibility in HDFC. Your monthly income, age, credit score, fixed monthly financial responsibilities, credit history, and other variables all affect your eligibility for a home loan. To check your eligibility in HDFC, you must visit the official HDFC Home Loan Eligibility calculator.
How to Check Home Loan Eligibility in HDFC Bank?
HDFC calculates home loan eligibility based on various factors that assess the applicant's financial stability and ability to repay the loan. A regular, fixed income is crucial. HDFC considers the monthly salary, job stability (minimum 2-3 years with the current employer), and income growth potential.
For self-employed individuals or business owners, the stability of the business, its profitability, and the applicant's income over the past few years are examined.
Applicants must typically be between 21 and 65 years of age (at the time of loan maturity).
The loan amount and tenure depend on the age of the applicant, as the tenure may be shorter if the applicant is closer to 60 years.
You can do the eligibility check by following the below process.
Go to the
HDFC Housing Loan Eligibility Calculator.
Choose your monthly gross income.
Mention the desired loan tenure, interest rate, and other ongoing EMI.
This is all about how to calculate home loan eligibility in HDFC.
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Hey friend,
I see you are looking to know HDFC bank home loan eligibility. HDFC is one of the most popular private banks in the country. Their position as customer’s favorite can be traced to their loan services, easy banking and great credit. Take a look below to know more.
HDFC home loan eligibility depends on different parameters like employment status, age, credit score, and monthly/annual income etc. Most banks have their own eligibility criteria.
Take a look at the table to know HDFC Home Loan Eligibility Criteria :Age |
21 – 65 years |
Employment Type |
Salaried and Self-employed professional and non-professional |
Minimum Salary for Salaried |
Rs.10,000 per month |
Minimum Salary for Non-Salaried |
Rs.2 lakh per annum |
Determining the loan amount is difficult, you need to know your repayment tenure years, existing EMIs , interest rate , value of property, credit score etc.
To further help you with HDFC Home Loan, you can check the table given below to get an idea on
loan based on Value of Property.Property Value |
LTV Ratio |
Up to Rs.30 lakh |
90% of the property cost |
From Rs.30 lakh to Rs.75 lakh |
80% of the property cost |
Above Rs.75 lakh |
75% of the property cost |
You can make the calculation by using the official HDFC home loan calculator on the official bank website.
The link for which is
https://www.hdfc.com/home-loan-eligibility-calculator
According to my research, the current interest rate being offered to customers is 6.7 % onwards p.a. You can check out their offers right here.
Take a look at the table to know the loan slab and its interest rate.| Loan Slab | Interest Rates (% p.a.) |
| For Women* (Upto 30 Lakh) | 6.75% to 7.25% |
| For Others* (Upto 30 Lakh) | 6.80% to 7.30% |
| For Women* (30.01 Lakhs to 75 Lakhs) | 7.00% to 7.50% |
| For Others* (30.01 Lakhs to 75 Lakhs) | 7.05% to 7.55% |
| For Women* (75.01 Lakhs & Above) | 7.10% to 7.60% |
This is all from my end on how to check home loan eligibility in HDFC. Since I was exploring home loan options, I checked the loan amount available to me online. The process was simple and easy. You should do the same. [widget_homeLoan_checkEligibility_form]
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Yashi
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2022-04-05T18:01:59+00:00 2022-04-05T18:02:00+00:00Comment
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