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Hey pal,
The answer to ‘what is the maximum home loan I can get?’ is not simple. Banks and Housing Finance Companies (HFCs) offer a maximum loan amount based on your income, the property you wish to buy and your existing obligations.
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The criteria for personal loan, home loan, car loan can be different from each other. Most banks check the credibility of the applicants before approving any type of loan application, especially home loan. Generally, thome loan is given to applicant who fall in the following categories:
Age : 18 - 70 years
Credit Score : Above 750
Income : Rs.25,000+
Employment Status : Salaried or Non-Salaried
What is the max home loan I can get?
You can easily check max home loan amount by using the NoBroker home loan and EMI calculator. Many banks and websites have their own c;ayators. You will need to input the loan amount,m processing fee, tenure etc.
What is maximum home loan I can get?
Take a look at the table to know what is the maximum home loan you can get from Indian banks.
Banks |
Requirements |
HDFC Home Loan Eligibility |
Age: 18 to 70 years |
Max loan Tenure: Up to 30 years |
|
Loan Amount: Up to Rs.10 crore |
|
SBI Home Loan Eligibility |
Age: 18 to 70 years |
Max loan Tenure: Up to 30 years |
|
Loan Amount: Decided by the lender |
|
Axis Bank Home Loan Eligibility |
Age: 21 to 60 years |
Max loan Tenure: Up to 30 years |
|
Loan Amount: Up to Rs.3 crore |
|
LIC HFL Home Loan Eligibility |
Age: 21 to 60 years |
Max loan Tenure: Up to 30 years |
|
Loan Amount: Rs.1 lakh onwards |
|
BoB Home Loan Eligibility |
Age: 21 to 70 years |
Max loan Tenure: Up to 30 years |
|
Loan Amount: Up to Rs.10 crore |
|
PNB Home Loan Eligibility |
Age: 18 to 70 years |
Max loan Tenure: Up to 30 years |
|
Loan Amount: Up to 90% of the market value |
|
DHFL Home Loan Eligibility |
Age: 18 to 70 years |
Max loan Tenure: Up to 30 years |
|
Loan Amount: Up to 90% of the market value |
|
Canara Bank Home Loan Eligibility |
Age: 21 to 55 years |
Max loan Tenure: Up to 30 years |
|
Loan Amount: Up to Rs.10 crore |
|
IDBI Bank Home Loan Eligibility |
Age: 22 to 70 years |
Max loan Tenure: Up to 30 years |
|
Loan Amount: Up to Rs.10 crore |
|
Indiabulls Home Loan Eligibility |
Age: 21 to 65 years |
Max loan Tenure: Up to 30 years |
|
Loan Amount: Up to Rs.15 crore |
This is all from my end on what is the maximum home loan I can get.
Use the NoBroker EMI calculator to determine EMI for a home loan
Read more:
Last 10 years interest rates in India on home loans
What is part period interest in SBI home loan?
What is lender name in home loan?
We were having a serious financial crisis after I got laid off so knowing what is the maximum mortgage I can get became important for me. I needed money so I asked a few friends to help me out. After consulting with a few people, I came to learn that a person can get is up to 60% of the registered value of the property. So to know what is the maximum mortgage loan I can get, I had to consider a few things, like the interest rate, my salary, the tenure, and others. Its best to visit the bank and know about it, but let me give you a basic idea.
The interest rate on mortgage loans usually ranges from 8.15% to 11.80% p.a. You can get up to 60% of the registered value of the property. In fact, some banks offer mortgage loans up to Rs 10 crore as well. The repayment period can be up to 15 years.
Here is a chart to help you know which banks provide how much interest, loan amount, and for how much time:
| Bank
|
Interest Rate | Loan Amount |
Period |
HDFC Bank |
8.75% Onwards |
Up to 60% of the mortgaged property’s market value |
Up to 15 years |
Axis Bank |
10.50% Onwards |
Up to Rs. 5 crore |
Up to 20 years |
State Bank of India (SBI) |
1.60% above 1-year MCLR rate to 2.50% above 1-year MCLR rate |
Up to Rs. 7.5 crore |
Up to 15 years |
PNB Housing Finance |
9.80% Onwards |
Up to 60% of the property’s market value |
Up to 15 years |
Citibank |
8.15% Onwards |
Up to Rs. 5 crore |
Up to 15 years |
So visit your bank and learn more details about mortgage loan from them.
Avail home loan through NoBroker and get maximum fundingRead More:
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What is the maximum home loan I can get?
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April 28, 2023
2023-04-28T21:24:00+00:00 2023-10-15T22:27:44+00:00Comment
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