Home Loan Eligibility Guide
Understand what lenders usually review before approving a home loan application.
- Monthly income: Minimum ₹25,000 for salaried; 2+ years ITR for self-employed in Hyderabad
- Age: 21 to 65 years — loan must close before age 70
- Existing EMI burden: Total EMIs (including new home loan) should be under 50% of net income
- CIBIL / credit score: 700+ for best rates; 650–700 possible with NBFCs like Bajaj Housing
- Employment: Salaried (2+ years) or self-employed (2+ years profitable business in Hyderabad)
- Property: GHMC / HMDA / DTCP approved — clear title and encumbrance certificate required
- LTV ratio: Banks finance up to 80–90% of property value; you need 10–20% own contribution
- Co-applicant: Spouse or parent as co-applicant can increase eligible loan amount significantly