How many home loans can you have?

You can have as many home loans in India as you need, as there is no law barring you from servicing only one home loan at a time. If you want to purchase, say, 5 properties at once, you can take 5 different home loans from 5 different lenders. However, you will get a loan only after your lender thoroughly assesses your home loan eligibility, and in particular - your repayment capacity.

The CIBIL score for home loan applications is generally around 750, and to get more than one home loan, you should have an excellent score. Your debt-to-income ratio must also be reasonable. If you have a clear track record and sufficient income, you could get approval for multiple home loans. You can claim tax benefits on loans once you start servicing your home loans.

Also read: How much home loan can get on salary?