What is the maximum age for home loan?
2 min read
As the age of 60-65 coincides with retirement for most people, lenders treat this as the maximum age limit for home loans in India. Bajaj Finserv, for instance, has a limit of age 62 years for salaried home loan applicants, and 70 years for self-employed home loan applicants.
Age determines the borrower’s capacity to earn and so, younger applicants can get a long repayment window, whereas older applicants may have to settle for a limited home loan tenor.
Apart from the maximum age, home loan eligibility criteria also include the minimum age for valid applications.
Additional read: How to calculate home loan eligibility?
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