Want to know if you are eligible for the home loan or not? Check now with this home loan eligibility calculator online in less than 5 seconds. Enter the required loan amount, loan duration in years, and rate of interest. This calculator will also let you know the amount of an EMI as well.
Your loan eligibility depends on factors like your monthly income, your age, your credit history (CIBIL), and your monthly fixed financial expenses.
How is Home Loan eligibility calculated?
How much home loan you can get or how much loan you are eligible for depends on a few key factors. The main factor is earning and repayment capability. Other factors that affect your home loan eligibility are - age, the credit history (CIBIL), it's like how you have paid up your previous loans be it vehicle loan, education loan, or personal loan.
How to check your home loan eligibility?
Open the home loan eligibility calculator :
Step 1)Fill in the necessary details
Step 2)An amount will appear after successfully entering all the details.
Step 3) You are eligible to have a home loan of this much amount.
What is Home Loan Eligibility Criteria?
To check home loan eligibility the two factors that play a vital role are age and the number of working years of the loan seeker..
What points affect Home Loan Eligibility Criteria?
The Main Nine Factors are:
How to improve Home Loan eligibility?
It is simple if you want a high amount of home loan then clear all your existing small loans. And have a high CIBIL score. Let me put it this way - To improve home loan eligibility clear your existing loans, don’t be a defaulter in payment of your existing loan amount, increase your CIBIL score and have a good source of income for repayment of your loan.