Get Home Loans from as low as 6.80%

Home Loan plays an important role in helping one with easy availability of your dream home. You may want to either want to buy a new home or construct one; it has few formalities starting from submitting the application for disbursement of loan amount. Keeping basic documents ready in hand saves time and effort.

About Home Loans

Home loans are easily accessible financing options in India when it comes to property buying. Borrowers can avail funds of up to 80% of the property’s current market value.

With us, receive adequate financial assistance in the form of Home Loan for up to Rs. 3.5 Crore, and invest in the purchase or construction of your residential property. It comes with a plethora of benefits to aid you in getting your dream home easily.

What is Home Loan Eligibility?

Every borrower needs to meet the eligibility criteria required to qualify for a home loan. This ensures that he/she can repay the loan amount effortlessly without defaulting.

Failing to meet the eligibility criteria may lead to rejection of the loan application, leaving a negative mark on the individual’s credit profile. So, ensure to complete the processing faster and smoothly by fulfilling the required eligibility criteria.

We brings easy-to-meet eligibility criteria, making the Home Loan more accessible. Below is a chart with details.

Home Loan Eligibility Criteria
Age Limit of Salaried Individuals          23 to 62
Age Limit of Self-Employed Individuals          25 to 70
Required CIBIL Score for Home Loan          Minimum 750
Work experience of Salaried Applicants          Minimum 3 Years
Business Continuity          Minimum 5 Years
Minimum Salary          Rs. 25,000
Nationality          Indian, Residing within the Country

Home Loan FAQs

An easier way to check home loan eligibility is by using an online calculator. Home Loan Eligibility Calculator instantly computes the amount you are eligible to borrow. It helps in better financial planning and reducing the chances of application rejection. This tool also eradicates the hassle of manual calculation completely.

The eligibility calculator functions on a mathematical formula to evaluate the eligible loan amount. It takes into consideration loan tenor, net monthly salary, existing obligations or EMIs, other monthly incomes, etc.

Several factors determine a borrower’s eligibility for a home loan. A few of the essential ones are as follows:

  1. Age Bracket: Self-employed applicants falling within the age bracket of 25 to 70 qualify to apply for the loan. Salaried individuals must age between 23 and 62 years to be eligible.
  2. CIBIL Score: CIBIL score is a 3-digit value which signifies the creditworthiness of an individual. On the scale of 300 to 900, 750 is considered as the minimum rating required to qualify for a loan. A healthy CIBIL score for Home Loan can be beneficial to avail attractive features and better interest rates.
  3. Occupation: Applicants must either be self-employed (businessman, doctor, chartered accountant and others) or salaried with any private or public sector company or an MNC.
  4. Minimum Earnings: This is slab of net income per month based on the location of residing. Applicants must meet the minimum requirements as applicable.
  5. LTV and Property Value: Chance of getting a higher loan amount is more if the property’s market value is higher. If you can make a 20% down payment, you can get a home loan faster.

Dhanlaxmi Limited

We are dealing all India Business and Serve to owner client at a very reasonable cost.

Dhanlaxmi Limited is an ISO 9001:2008 Authorized and process with all necessary Certificates.