Home Loan Eligibility Calculator

Home Loan Eligibility Calculator

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Calculate Home Loan Eligibility

Home loan eligibility is dependent on many factors such as your salary, current age, credit score, location, total work experience and other monthly financial obligations. Check your home loan eligibility and calculate how much home loan you can get based on your salary & other factors using below home loan eligibility calculator.

Net Monthly Salary




Other Income Monthly


Current EMIs/obligation


You may be able to avail home loan up to Rs. 0 with Bajaj Finserv for the mentioned period. T&C apply.


About home loan eligibility

Home loans are easily accessible financing options in India when it comes to property buying. Borrowers can avail funds of up to 80% of the property’s current market value.

With Bajaj Finserv, receive adequate financial assistance in the form of Home Loan for up to Rs. 3.5 crore and invest in the purchase or construction of your residential property. It comes with a plethora of benefits to aid you in getting your dream home easily.

What is home loan eligibility?

Every borrower needs to meet the eligibility criteria required to qualify for a home loan. This ensures that he/she can repay the loan amount effortlessly without defaulting.

Failing to meet the eligibility criteria may lead to rejection of the loan application, leaving a negative mark on the individual’s credit profile. So, ensure to complete the processing faster and smoothly by fulfilling the required eligibility criteria.

Bajaj Finserv brings easy-to-meet eligibility criteria, making the Home Loan more accessible. Below is a chart with details.

Home Loan eligibility criteria
Age Limit of Salaried Individuals 23 to 62
Age Limit of Self-Employed Individuals 25 to 70
Required CIBIL Score for Home Loan Minimum 750
Work experience of Salaried Applicants Minimum 3 Years
Business Continuity Minimum 5 Years
Minimum Salary Rs. 25,000
Nationality Indian, Residing within the Country

Salaried applicants can avail up to Rs. 3.5 Crore as Home Loan while self-employed individuals can apply up to Rs. 5 Crore. Know the complete Housing Loan eligibility criteria and documents required for home loan before applying.

Home Loan Eligibility Based on Salary

One of the eligibility criteria that determine how much loan you can avail is your net salary (in-hand salary). Your salary is crucial as is helps in forecasting your repayment capabilities.

Your income will determine the loan amount you are eligible for. Lenders will consider your take-home salary, minus certain common deductions such as gratuity, PF, ESI, etc. The take-home salary will determine the EMI amount you can afford and thus the total loan amount you can borrow.

For instance, if your take-home salary is Rs. 25,000, you can avail as much as Rs.18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.) But if your take home is Rs. 50,000, you can avail a loan amount of Rs. 37.28 Lakh for the same property. Subsequently, if your take-home is Rs. 75,000 you can increase your eligibility up to a loan amount of Rs. 55.93 Lakh.

Net monthly income (in Rs.)
  25,000 50,000 75,000
25 Years 18.64 Lakh 37.28 Lakh 55.93 Lakh
30 Years 18.64 Lakh 37.28 Lakh 55.93 Lakh
35 Years 18.64 Lakh 37.28 Lakh 55.93 Lakh
40 Years 18.64 Lakh 37.28 Lakh 55.93 Lakh
45 Years 18.64 Lakh 37.28 Lakh 55.93 Lakh
50 Years 18.64 Lakh 37.28 Lakh 55.93 Lakh

What is the minimum salary to get a home loan?

Your minimum take home salary should be 25,000 per month to be eligible for Bajaj Finserv home loan.

How much home loan can I get for my salary?

The home loan amount on your salary depends on criteria like your credit score, salary, work experience, your age, your location, current obligations etc. You can use a home loan eligibility calculator to calculate the home loan amount based on your salary.

How much home loan can I get on a 60,000 salary?

Considering your age 30, No other monthly income & obligations you are eligible for a home loan upto 47,69,161 for tenure of 25 years on your monthly 60,000 salary .

How much home loan can I get on a 35000 salary?

Considering your age 25, No other monthly income & obligations you are eligible for a home loan upto 27,82,011 for tenure of 25 years on your monthly 35,000 salary .

How much home loan can I get on a 25000 salary?

Considering your age 25, No other monthly income & obligations you are eligible for a home loan upto 19,87,150 for tenure of 25 years on your monthly 25,000 salary .

Home Loan eligibility based on age

Age is another determining factor when it comes to loan tenor. The maximum tenor that you can avail is 20 years.

You will be able to avail a longer repayment tenor if you are of a lower age. You can also avail a home loan of higher value provided you have a high income.

Salaried applicants have to be between the ages of 23 and 62 years to apply for a home loan. Self-employed applicants have to be within the age bracket of 25 and 70 years to avail one.

The following table shows the maximum tenor individuals are eligible for based on their age:

Maximum tenure for salaried applicants
Maximum tenure for self-employed applicants
25 Years 30 years 30 years
30 Years 30 years 30 years
35 Years 30 years 30 years
40 Years 30 years 30 years
45 Years 25 years 25 years
45 Years 20 years 20 years

What is an eligibility calculator for home loan?

An easier way to check home loan eligibility is by using an online calculator. The Bajaj Finserv Home Loan Eligibility Calculator instantly computes the amount you are eligible to borrow. It helps in better financial planning and reducing the chances of application rejection. This tool also eradicates the hassle of manual calculation completely.

With Bajaj Finserv, access this online calculator whenever you need from anywhere and use it for free.

How is home loan eligibility calculated?

The eligibility calculator functions on a mathematical formula to evaluate the eligible loan amount. It takes into consideration loan tenor, net monthly salary, existing obligations or EMIs, other monthly incomes, etc.

How to utilise Bajaj Finserv’s eligibility calculator?

It’s quite easy and simple to use the Eligibility Calculator provided by Bajaj Finserv. Enter all the details as required, including your date of birth and residing city.

Step 1: Enter the date of birth in the format of DD/MM/YYYY.
Step 2: Provide the place you are residing in.
Step 3: Set net monthly salary either by directly entering the amount or by adjusting the bar provided.
Step 4: Set your preferred tenor up to 240 months as per your financial plans and repayment capability.
Step 5: Enter details of other incomes per month if any. Skip this step if you don’t have other income sources.
Step 6: Provide the total amount of EMIs you are currently paying towards your existing debts. Avoid if there’s none.

Make sure to provide accurate information to compute the correct results. Recheck all the entries and click on ‘check your eligibility’. The calculator displays the maximum loan amount you can borrow from Bajaj Finserv instantly.

Adjust the bar for other feasible tenors and check the amounts you can avail. Once you get the maximum eligibility amount, apply for a Home Loan as per your needs.

What factors determine home loan eligibility?

Several factors determine a borrower’s eligibility for a home loan. A few of the essential ones are as follows:

1. Age Bracket: Self-employed applicants falling within the age bracket of 25 to 70 qualify to apply for the loan. Salaried individuals must age between 23 and 62 years to be eligible.
2. CIBIL Score: CIBIL score is a 3-digit value which signifies the creditworthiness of an individual. On the scale of 300 to 900, 750 is considered as the minimum rating required to qualify for a loan. A healthy CIBIL score for Home Loan can be beneficial to avail attractive features and better interest rates.
3. Occupation: Applicants must either be self-employed (businessman, doctor, chartered accountant and others) or salaried with any private or public sector company or an MNC.
4. Minimum Earnings: Bajaj Finserv brings a slab of net income per month based on the location of residing. Applicants must meet the minimum requirements as applicable.
5. LTV and Property Value: The chance of getting a higher loan amount is more if the property’s market value is higher. If you can make a 20% down payment, you can get a home loan faster.

An eligible applicant can enjoy competitive home loan interest rate along with features like part-prepayment, foreclosure, balance transfer facility, etc.

How can you enhance home loan eligibility?

  • Increasing the tenor makes you more eligible for a higher loan amount as the EMIs reduce. The interest payable, however, increases.
  • Pay off your existing debts, including loan EMIs, credit card dues, etc. It brings down your FOIR, making you more eligible for a home loan.
  • Apply for a joint home loan with a co-applicant and enhance your eligibility to borrow a higher amount.
Check your eligibility using Bajaj Finserv’s Eligibility Criteria and avail a feature-rich Home Loan to finance your property purchase.

Congratulations! You have a home loan balance transfer offer.


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