Home Loan Eligibility
Check Your Home Loan Eligibility Instantly
See your estimated eligibility score and likely approval tier for a home loan before you apply — free, and with zero impact on your CIBIL score.
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How It's Assessed
What Affects Your Home Loan Eligibility
ClearToLend's eligibility engine weighs four factors that lenders commonly consider for a home loan.
Income vs. Loan Amount
How your monthly income compares to the amount you're requesting, relative to typical lending multiples for this loan type.
Existing EMI Burden
Your Fixed Obligation to Income Ratio (FOIR) — how much of your income is already committed to other loans.
Credit Score Band
Your credit score range influences both the amount lenders may offer and the interest rate you're likely to get.
Employment Stability
Salaried, self-employed professional or business owner status factors into how lenders weigh income predictability.
Eligibility Criteria
Typical Requirements
- Age typically 21–65 years (tenure must end before retirement age for salaried applicants)
- Stable income — salaried or documented self-employed income
- Credit score of 700+ generally unlocks the best interest rates
- Down payment of at least 10–25% of property value from your own funds
Be Prepared
Documents You'll Need
- Identity and address proof (PAN, Aadhaar)
- Income proof — salary slips/ITR and Form 16
- Property documents (sale agreement, title deed)
- Bank statements for the last 6–12 months
FAQ
Home Loan Eligibility FAQs
A common rule of thumb is up to roughly 5 times your gross annual income for salaried applicants with a good credit score, though the exact figure depends on your existing EMIs, age, and the lender's policy.
A credit score of 750 or above generally unlocks the most competitive interest rates, though many lenders will still consider applicants with scores from 700 upwards.
Yes, with documented income proof such as ITRs and financial statements for the last 2–3 years — lenders typically apply a slightly more conservative income multiple for self-employed profiles.