Home Loan Eligibility Criteria
At Bajaj Finserv, the Home Loan eligibility criteria is defined by various factors as mentioned below:
- You are an Indian resident.
- You are between 25-58 years of age.
- You are a salaried individual with a work experience of 3 years or more
- The minimum loan amount is Rs.30 lakh and maximum Rs.10 crores.
|Cities||Minimum Net Salary Per Month (Rs.)||Minimum Property Value (Rs.)|
|Delhi, Mumbai||50000||40 Lakh|
|Bangalore, Chennai, Faridabad, Ghaziabad, Gurugram, Hyderabad, Noida, Pune, Thane||45000||30 Lakh|
|Ahmedabad, Aurangabad, Baroda, Bhopal, Bhubaneswar, Calicut, Chandigarh, Cochin, Coimbatore, Goa, Indore, Jaipur, Jamnagar, Jodhpur, Kolhapur, Kolkata, Lucknow, Madurai, Mysore, Nagpur, Nasik, Rajkot Surat, Tiruchirappalli, Trivandrum, Vapi, Vijayawada, Vizag||30000||20 Lakh|
*Kindly note that the list of documents mentioned is indicative. During loan processing additional documents may be asked for. The same will be appropriately communicated to you as and when required.
Documents Required for Home Loan
If you are applying for a Home Loan, then here’s an exhaustive list of the home loan documents you will need to submit with your loan application.
|Identity proof (Any one)||Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)|
|Address proof (Any one)||Passport / Voter's ID card / Driving license / Aadhar card|
|Income details||Form 16 /Latest salary slips|
|Bank account statements||For last 6 months|
These are some of the basic documents required for Home Loan. You might need to submit some additional documents, if the need arises.
Home Loan Eligibility Calculator
Calculator is an indicative tool to assist the user calculate the loan amount that the user may be eligible to borrow. Calculation results are approximations and for information purposes only and interest rates quoted are indicative. Actual interest rates and loan eligibility amount will vary. To know the actual eligibility amount, the user should share his complete and accurate details by clicking on the apply now tab and providing additional information/documents required for assessment of user’s application. Calculation results are not intended to substitute professional advice which the user is advised to seek. Loan terms & conditions apply To Read more
Q1. How to check Home Loan eligibility?
A. To know your Home Loan eligibility, you need to provide some basic information such as your locality, date of birth, net monthly salary, any other income source, tenure of your choice, current EMI obligation etc.
Q2. What is the Eligibility Criteria for Home Loan?
A. The primary eligibility criteria required to apply for a Home Loan from Bajaj Finserv is that you should be a salaried professional between 25-62 years of age. In order to read about documents that would be required, check eligibility criteria for Home Loan.
Q3. How to determine maximum Home Loan eligibility?
A. The maximum Home Loan that you can avail of depends on your creditworthiness. Based on the documents, your monthly income, financial liabilities, your maximum Home Loan amount will be computed.