Check Home Loan Eligibility Online

4.8 stars based on 1206 reviews

Home Loan Eligibility Criteria

Eligible Criteria Salaried Self-employed Professionals
Age (Min-Max) 24 - 60 years 24 - 65 years
Income ₹ 180,000 ₹ 150,000
Preference Bank account holders preferred Current or saving account with the bank from where loan is applied is preferred.
Co-applicant Not mandatory – but should be family members Not mandatory – but should be family members
Employment Fulltime job with at least 2 years of experience At least 45 years of experience with good turnover
Documentation Bank Account Statement/ Latest Telephone Bill/ Latest Credit Card Bill/ Latest Electricity Bill/ Employers letter certifying current mailing address/Passport(Valid)- provided the passport address is present address mentioned in application form/ Government I-card with photo / Existing Registered House Lease Bank Account Statement/ Latest Telephone Bill/ Latest Electricity Bill/ Latest Credit Card Bill/ Passport(Valid)/ Employers letter certifying current mailing address
CIBIL Required 750 or above Required 750 or above

Home Loan Eligibility Criteria

Buying a house through loan comes with several tax benefits. These helps in managing cash flow along with reduction to taxes. It is up to the borrower to decide the type of loan that is required. Also, it is essential to be aware of all criteria before applying for a home loan. Home loan money can be used for any purpose like construction of a new house, renovation, purchasing a new or used house. Irrespective of the applicant’s occupation or profession, there is a need to check eligibility before approaching banks and this can be done through online with a help of few clicks.

Home Loan Eligibility Reviews

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Nitish

5 / 5

Kotak is really good in all its work and best in terms of providing services. They approved my home loan only in 6 days. Because of them only I am having my own home. They provided loan even when my CIBIL score was not that much good, the interest charged was somehow more as compared to others because of my CIBIL score.
Sagar Mehta

5 / 5

I took a home construction loan with Kotak. The rate of interest is 9% and processing fees is comparatively low. For the construction loan I had to submit the land papers. The processing was very fast. I am happy with my decision of going with Kotak.
Vikram Ghosh

5 / 5

Finance Buddha and Kotak are the institutions on which you can rely on at the time of need. I have taken a home loan with Kotak through Finance Buddha. The Finance Buddha team helped me throughout the process and my loan was approved on the 5th working days.
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