Get a Home Loan Eligibility
Home loan eligibility defines how much loan you can borrow based on your income, age, credit score, employment type, and existing liabilities. Lenders typically require a minimum income and a good CIBIL score (usually 750+) for approval. Salaried and self-employed individuals both qualify, but criteria vary. To improve your eligibility, repay debts, maintain a healthy credit score, and choose a longer tenure if necessary. Using a home loan eligibility calculator available on most bank websites can help you get a fair estimate before applying. Meeting the eligibility requirements increases your chances of loan approval and getting favorable interest rates from the lender.