Your Home Loan Eligibility is
₹10,747
Your Home Loan EMI will be
₹10,747 monthly
Home Loan Eligibility Calculator
Home Loan eligibility is dependent on factors such as your monthly income, current age, credit score, fixed monthly financial obligations, credit history, retirement age etc. Get the peace of mind by knowing all the details about your loan using HDFC Bank Home Loan Eligibility Calculator
We are unable to show you any offers currently as your current EMIs amount is very high. You can go back and modify your inputs if you wish to recalculate your eligibility.
Easily determine your eligibility for an HDFC Bank loan with our user-friendly calculator. By inputting a few key details, you can quickly find out how much you can borrow and plan your finances effectively. Start now and take the first step toward achieving your financial goals.
*These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances. NRI should input net income.
Home Loans for Every Budget
More About Eligibility Calculator
Some of the notable features of the Home Loan Eligibility Calculator include:
- Easy-to-use
- Instant results;
- Convenient tool to assess affordability.
The Home Loan Eligibility Calculator is a beneficial tool that simplifies financial planning for a Home Loan. It helps you evaluate the loan amount you may qualify for, helps in budgeting, and reduces the risk of application rejection by aligning expectations with lending criteria.
HDFC Bank’s Eligibility Calculator facilitates checking eligibility for housing loans online.
- Gross Income (Monthly) in ₹: Input gross monthly income. NRI should input net income.
- Loan Tenure (In Years): Input the desired loan term for which you wish to apply. A longer tenure helps enhance eligibility.
- Interest Rate (% P.A.): Input HDFC Bank’s prevailing housing loan interest rate. Click here to know the prevailing interest rates.
- Other EMIs (Monthly): Input the EMIs of the other loans you may have.
Frequently Answered Questions
Eligibility for a Housing Loan is calculated based on your monthly income, age, credit score, and existing financial obligations. These factors determine your repayment capacity.
To check your eligibility for an HDFC Home Loan, use the HDFC Home Loan Eligibility Calculator online. Enter your gross monthly income, desired loan tenure, interest rate, and any existing EMIs. This tool will assess your repayment capacity and provide an estimated eligible loan amount.
No, a 100% Home Loan is not typically available. Banks and Financial Institutions usually offer loans covering 75-90% of the property’s value, requiring borrowers to pay the remaining amount as a down payment.
Home loan eligibility is defined as a set of criteria, whereby a financial institution assesses the creditworthiness of a customer to avail and repay a particular loan amount. Home Loan Eligibility depends on criteria such as age, financial position, credit history, credit score, other financial obligations etc.
Let us explain this with an example:
If a person is 30 years old and has a gross monthly salary of ₹30,000, he can avail a loan of ₹20.49 lakh at an interest rate of 6.90% for a tenure of 30 years provided he has no other existing financial obligations such as a Personal Loan or Car Loan etc.
Housing loan eligibility is primarily dependent on the income and repayment capacity of the individual(s). There are other factors that determine the eligibility of Home Loans such as age, financial position, credit history, credit score, other financial obligations etc.
The eligibility for a Home Loan can be enhanced by:
Adding an earning family member as a co-applicant.
Availing a structured repayment plan.
Ensuring a steady income flow, regular savings and investments.
Furnishing details of your regular additional income sources.
Keeping a record of your variable salary components.
Take measures to rectify errors (if any) in your credit score.
Repaying ongoing loans and short-term debts.
When you apply for a Home Loan, your eligibility is primarily dependent on your income and repayment capacity.
There are also some other factors that will determine your home loan eligibility like:
Your age
Financial position
Credit history,
Credit score
Other financial liabilities
Upgrade your home without any financial burden!