Citizenship / Residency

• Applicant must be an Indian resident

• NRIs / PIOs are eligible subject to RBI norms

Age

• Minimum: 21 years

• Maximum: 60–65 years at loan maturity (varies by bank)

Employment Type

• Salaried individuals (government, PSU, private sector)

• Self-employed professionals / business owners

Income

• Stable and regular income source

• Minimum income as per bank norms (varies by city and bank)

Work / Business Experience

• Salaried: Minimum 1–2 years total experience

• Self-employed: Minimum 2–3 years business continuity

Credit Score (CIBIL)

• Generally 700 or above preferred

• Clean repayment history with no major defaults

Loan Amount Eligibility

• Based on income, repayment capacity, and property value

• EMI usually limited to 40–50% of monthly income

Property Eligibility

• Property must be approved by local authorities

• Clear title and no legal disputes

• Property should be ready / under approved construction

Loan-to-Value (LTV) Ratio (as per RBI norms)

• Up to 90% for loans ≤ ₹30 lakh

• Up to 80% for loans ₹30–75 lakh

• Up to 75% for loans > ₹75 lakh

Co-applicant (if applicable)

• Spouse or immediate family member allowed

• Co-applicant income can improve eligibility

Existing Liabilities

• Other EMIs and debts considered during assessment