HOW HOME LOAN WORKS?
Eligibilty
Borrower's Age:
Minimum 23 years and maximum 55 years
Repayment Ability:
Banks and NBFCs generally approve home loans if the total EMIs, including the current one, are below 50% of the applicant's income.
Citizenship:
The borrower must be a citizen of India
CIBIL Score:
700 or higher
Requirements for a home loan is mentioned below.
Adhaar Card
Pan Card
Photo
Bank statement
Employment proof and salary slips
Property plan/layout
Salary slip
ITR
Income Proof
Loan amount: ₹
Rate (Interest): %
Year (Time):
Monthly EMI: ₹ 0
