Home Loan Eligibility in Top 5 Banks

Home Loan Eligibility Criteria in Top 5 Banks

Are you planning to avail a home loan, but don’t know your eligibility yet? Well, nothing to worry because these days it is easy to grab any information. Yes, with many online portals available, it becomes quite easy to get the information at your fingertips. These sites do the thorough research and after collecting the data from different lending institutes or banks they make sure to provide you the information at one place. Whether you are setting at your home, travelling by a metro or using your system, you can get the information online without any hassle. However, one thing that needs to be mentioned here is the fact that once you start searching online, you will find endless renowned banks offering you the same information. Thus, there is every possibility for you to get confused.

With plenty of information, facts and figures, usually people get confused and won’t be able to choose best home loan deal among many. But, now no worries as this article will give you all the required information regarding the home loan eligibility criteria in different banks. It doesn’t matter whether you are salaried, self-employed or professional, this article will give you a good brief about all. So, just take a look below and know the home loan eligibility criteria in major banks.

Bank EligibilitySalariedSelf EmployedProfessionals
SBI (State Bank of India)age18 years to 70 years 21 years to 70 yearsNA
incomeRs.1,20,000 (p.a.)Rs.2,00,000 (p.a.)NA
loan amount offered 5,00,000 - 1,00,000005,00,000 - 2,00,00000NA
tenure 5 years-20 years5 years-20 years NA
holding same business 2 years3 yearsNA
interest rate 9.50% - 9.55% 9.50% - 9.55% NA
axis bank age above 24 years-60 years above 24 years-65 years above 24 years-65 years
interest rate 9.60%-11.75%(p.a.)9.70%-11.75%(p.a.) NA
loan amount offeredRs 1 crore & above Rs 1 crore & above NA
Tenure Upto 20 yearsUpto 20 yearsNA
pnb housing agenot nore than 70 years not more than 65 yearsnot more than 65 years
Income Rs.12000/- p.mRs.12000/- p.mRs.12000/- p.m
Interest rate 9.75%-9.959.95%-10.259.75%-9.95
Tenure 30 years30 years30 years
united bank of india age above 21 yearsabove 21 yearsabove 21 years
income regular incomeregular incomeregular income
holding same business NAleast 02 years in trade or professionleast 02 years in trade or profession
bajaj finservage 21 years-65 years 28 years -70 years NA
holding same business NA minimum 5 Years in same business NA
loan amount offered NA30, 00, 000-15,00,0000NA
income Rs. 40,000-80,000(monthly)NANA
Interest rate 9.50% NANA
holding same business NAminimum 5 yearsNA
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  • Home Loan Interest Rates September 2023
    Axis Bank8.75% - 9.15%
    Bank of Baroda8.50% - 10.60%
    Citibank8.75% - 9.15%
    HDFC8.50% - 9.40%
    ICICI Bank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.65%
    Kotak Bank8.85% - 9.40%
    LIC Housing8.50% - 10.50%
    Piramal Capital & Housing Finance10.50%
    PNB Housing Finance8.50% - 10.95%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI9.10% - 9.65%
    Tata Capital8.95% - 12.00%
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