HDFC Home Loan Eligibility Calculator

How much am I eligible to borrow?
Loan Amount
Net income per month
Excluding LTA and Medical allowances
Existing loan commitments(per month)
Tenure
Rate of Interest
You are Eligible for amount
15 Lac
EMI per month
19,822
*These calculators are only for illustrative purposes. These figures may or may not be applicable to your particular situation. Magicbricks will not be responsible for any loss or liability arising from the use of these calculators.

HDFC Limited Home Loan Eligibility Calculator

Most of the individuals planning to buy their dream property come across the requirement of a home loan. Before applying for a home loan, one must check his/her eligibility to get the same. Home loan eligibility constitutes certain criteria that a borrower needs to fulfil when applying. Home Loan eligibility evaluates the credit-worthiness of the borrower to repay the amount taken as a home loan as per the payment schedule and without any default.

The key factors determining your home loan eligibility are as follows:

  • Applicant’s age
  • Salary
  • Total work experience in case of a salaried person
  • Stability of business for self-employed
  • CIBIL score
  • Maximum loan amount applicable on property value
  • Maximum EMI allowed as per the income range of the individual

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How to use HDFC Home Loan Eligibility Calculator?

HDFC Limited provides a simple home loan eligibility calculator to calculate the amount of loan you are eligible for in your city. For example, if you are 35 years old and your gross monthly income is Rs. 40,000, you can avail of a loan amount of Rs.25.69 lakh at the interest rate of 6.90% for a tenure of 25 years, provided you have no other ongoing loans, such as a car loan or a personal loan to repay.

Steps to follow:

  • Go to https://www.hdfc.com/home-loan-eligibility-calculator
  • Then go to ‘Checklist & Calculators’
  • Click on ‘Home Loan Eligibility Calculator’ provided under the ‘Calculators’ section
  • Put your Gross (Net monthly income in case of NRIs) monthly income (INR) in the calculator
  • Then select the tenure (years) for which you want to avail the loan
  • Put the interest rate (% Per Annum)
  • Then mention the amount of your ongoing EMI (INR)
  • The home loan eligibility calculator will show the total amount of home loan you are eligible for, and it will also indicate the amount of EMI you have to pay to avail the loan

HDFC Limited Home Loan Eligibility Criteria

The following criteria are to be satisfied to avail a home loan from HDFC Limited:

  • Resident type: Indians, and Non-Resident Indians (NRIs)
  • Age of the applicant: 21 - 65 years
  • Min. Monthly income of the primary applicant for a salaried person: Rs 15,000
  • Min. Monthly income of any co-applicant for a salaried person: Rs 10,000
  • Minimum business income for a self-employed person: Rs. 2 lac p.a.

To know more, visit, https://www.magicbricks.com/homeloan/home. Here, you can check out the comprehensive details to understand your HDFC home loan eligibility.

Factors affecting HDFC Limited Home Loan Eligibility

When you ask for a home loan, your eligibility mainly depends on your income and capacity of repayment. There are a few other factors determining your eligibility for a home loan. They are as follows:

  • Age: The age of the applicant shall be within 21 to 65 years. Your age will decide the tenure for which you are eligible to avail a specific amount of loan.
  • Financial Stability: More the gross salary/income, more will be the amount of loan you are eligible for with HDFC. Besides this, if you have a co-applicant for the home loan, it further increases the eligible amount.
  • Credit History: If you have a stable credit-history with no previous default history, it ensures a smooth and hassle-free loan process.
  • Credit Score: You must have a minimum CIBIL score to be eligible to apply for a home loan.
  • Other Financial Liabilities: If there are fewer amounts of EMIs you are repaying now for any ongoing loans or short-term debts, it increases the eligible amount.

Tips to Improve your Home Loan Eligibility

You can follow the tips given below to improve your eligibility for a home loan.

  • Add a co-applicant and ask for a joint loan
  • Choose a longer tenure for repayment with a structured plan
  • Provide documents that ensure a steady flow of income, other investments, and savings
  • Furnish details of additional sources of income, if any
  • Pre-pay your ongoing loans and/or other debts
  • Take necessary actions to improve the CIBIL score

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Disclaimer: The information available on this site has been gathered from publicly available sources and is accurate to the best of our knowledge. However, please be aware that the rates and other offers may vary based on your profile and may be subject to change without notice. Therefore, we advise you to verify the information before applying for any loan through this website. Magicbricks accepts no liability for any loss arising from the use of the information on this website. Refer T&C for the detail.
(T&C link: https://property.magicbricks.com/terms/terms.html)

**This service is available in select cities only.

*These calculators are only for illustrative purposes. These figures may or may not be applicable to your particular situation. Magicbricks will not be responsible for any loss or liability arising from the use of these calculators.