HDFC Bank Home Loan Eligibility

HDFC Bank Home Loan Eligibility Calculator India is a self-help planning tool which facilitate to check your HDFC Bank Home Loan Eligibility online. When you plan to take HDFC Bank Home Loan to purchase your own house, you need to check your HDFC Bank Home Loan Eligibility before to know your HDFC Bank Home Loan Amount Eligibility. For HDFC Bank Home Loan Eligibility check using HDFC Bank Home Loan Eligibility Calculator, you need to enter a few details like- monthly income, current age, loan tenure, credit score, fixed obligations, etc. By checking your HDFC Bank Home Loan Eligibility with the help of HDFC Bank Home Loan Eligibility Calculator, you can apply online by sitting in your house comfortably.

Which factors affect HDFC Bank Home Loan Eligibility Calculator?

HDFC Bank Home Loan Eligibility check using HDFC Bank Home Loan Eligibility Calculator helps you to avail the home loan easily and without any hassle. You can enhance your HDFC Bank Home Loan Eligibility by applying with a co-applicant who is an earning family member, repaying debts and loans (if taken), details of your monthly income along with additional income source and maintaining a good credit history. HDFC Home Loan funds up to 90% of your property value at an attractive interest rate starting from 8.70%* which you can repay within 30 years of taking the loan.

HDFC Bank Home Loan Eligibility Calculator are affected by the below mentioned factors-

• Age

  An applicant’s age plays crucial factor that affects HDFC Bank Home Loan Eligibility. The age limit for HDFC Bank Home Loan Eligibility criteria range between 24 to 60 years. You can apply for home loan at a young age which will increase your HDFC Bank Home Loan Eligibility. This is because you get a longer tenure to repay the loan which will increase HDFC Bank Home Loan Eligibility. Your HDFC Bank Home Loan Eligibility will be low if you apply at an older age.

• Co-applicant

  You can apply for home loan with a co-applicant for a better HDFC Bank Home Loan Eligibility,
  Your family member with a descent income as a co-applicant improves your HDFC Bank Home Loan Eligibility.

• Income

  Your monthly income affects HDFC Bank Home Loan Eligibility in a great way. If you earn a high monthly income, then your HDFC Bank Home Loan Eligibility will be high. But if your monthly income is low then your HDFC Bank Home Loan Eligibility will also be low. For NRI customers, the income should be net and not gross.

• Credit Score

  Credit Score which is nothing but your creditworthiness affects HDFC Bank Home Loan Eligibility criteria in a large way. For a higher HDFC Bank Home Loan Eligibility criteria whichcan lead to higher HDFC Bank Home Loan Amount Eligibility, your CIBIL score must be 750 or above.

• Employment

  HDFC Bank Home Loan Eligibility criteria gets affected by your employment status. HDFC Bank Home Loan Eligibility is applicable for both salaried and self-employed individuals with a stable income source. NRI applicant’s are also eligible. They can use HDFC Bank Home Loan Eligibility Calculator for NRI. For salaried employees, the minimum work experience is 1 year while for self-employed individuals, minimum 5 years of business experience is mandatory for HDFC Bank Home Loan Eligibility criteria.

• Existing Debt

  In case of existing financial liabilities like EMI of other loans or credit card bill payments, the bank takes FOIR (Fixed Obligation to Income Ratio) where the FOIR should not be above 65% of your net income or else, HDFC Bank Home Loan Eligibility criteria will be lowered down. So, it is always great to repay the existing loans and all your ongoing debts before you go for HDFC Bank Home Loan to have a higher HDFC Bank Home Loan Eligibility.

• Property Value

  HDFC Bank Home Loan Eligibility criteria are based on the value of the property that has been kept as mortgage. HDFC Bank finances 75% to 90% of the property value that ranges between less than Rs. 30 lakhs to more than Rs. 75 lakhs which is known as Loan To Value Ratio or LTV. Moreover, you must produce property documents that are valid and legally clean for a higher HDFC Bank Home Loan Eligibility.

HDFC Bank Home Loan Eligibility Criteria

Why should you use HDFC Bank Home Loan Eligibility Calculator?

• HDFC Bank Home Loan Eligibility Calculator India is a self-help planning tool to facilitate you to determine your HDFC Bank Home Loan Eligibility.
• You can easily save your precious time to know your HDFC Bank Home Loan Eligibility by using HDFC Bank Home Loan Eligibility Calculator.
• Your experience of home loan gets simplified and easy with HDFC Bank Home Loan Eligibility Calculator India.
• The use of HDFC Bank Home Loan Eligibility Calculator for HDFC Bank Home Loan Eligibility check is absolutely free of cost.
• You can use HDFC Bank Home Loan Eligibility Calculator to check of HDFC Bank Home Loan Eligibility for multiple times.