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  • ₹ 5000
  • ₹1 Cr
  • ₹0
  • ₹1 Cr
  • 3 Years
  • 30 Years
  • 7%
  • 18%

You are eligible for a
total amount of

Your EMI
will be

Final eligibility is subject to validation post receipt of actual documents

Home Loan Eligibility Overview

Home Loan eligibility is a set of criteria set by a bank, to check an applicant's creditworthiness and make the overall Loan approval process faster and easier. For better clarity on Home Loan eligibility, use a Home Loan Eligibility Calculator.

A Home Loan Eligibility Calculator helps assess your qualification for the Loan. Enter a few details like the loan amount, tenure, rate of interest and income. The tool will then give you the result in seconds. 

Home Loan Eligibility Criteria

To secure a Home Loan and make your dream of owning a home a reality, it is essential to meet certain eligibility criteria. Lenders in India consider several factors when determining your eligibility for a Home Loan. 

Here’s a detailed overview of the loan eligibility criteria:

Eligibility Criteria



20 to 65 years for salaried individuals and 21 to 70 years for self-employed individuals


Minimum salary of Rs 25,000

Employment Stability

Self-employed: Stable business track record

Credit Score

A good credit score of 700 and above



Ensure you fulfil the eligibility criteria and have all the necessary documents when applying for a Home Loan. This will streamline the loan application process and enhance your chances of securing the loan for your dream home.

How to Use Home Loan Eligibility Calculator?

1. Enter your monthly income.

2. Include any ongoing EMIs.

3. Select your desired tenure.

4. Interest Rate: Put the rate of interest.

5. Click 'Calculate' to instantly determine your Home Loan eligibility amount.

6. Adjust the variables to explore different loan scenarios and eligibility amounts.

The ICICI Bank Home Loan Eligibility Calculator helps you make informed decisions about your loan options, helping you plan your dream home purchase with confidence.


FAQs on Home Loan Eligibilty

How to Check Home Loan Eligibility?

To ensure your Home Loan application goes smoothly, checking your eligibility beforehand is vital. Here's how to do it:

1. Assess your income and expenses to gauge your repayment capacity.

2. Calculate your Debt-to-Income ratio to ensure it falls within the acceptable limits.

3. Check your credit score and address any issues affecting your eligibility.

4. Utilise online eligibility calculators provided by lenders for a quick estimate.

5. Consult with multiple lenders to get personalised assessments based on their criteria.

By checking your eligibility in advance, you can plan properly and increase your chances of loan approval. Consider other factors like home loan interest rate and loan terms when selecting a lender.

How much loan can I get based on my salary?

When applying for a home loan, your salary is crucial in determining the eligibility. Lenders assess your net monthly income to gauge your repayment capacity and determine the loan amount you qualify for.

Here's a table illustrating the relationship between net monthly income and the approximate loan amount you may be eligible for:

Net Monthly Income (in Rs)

Loan Amount (Approximate Range) (in Rs)


18-20 lakh


37-40 lakh


55-60 lakh

To improve your eligibility, consider increasing your net monthly income through salary increments or reducing existing debts. Additionally, maintaining a good credit score and a healthy credit history will enhance your chances of loan approval and favourable interest rates.

By understanding the Home Loan eligibility criteria based on your salary, you can plan your finances effectively and set realistic expectations for your dream home.

How does age impact Home Loan Eligibility and loan tenure?

Age is an important factor when it comes to Home Loan eligibility. Lenders consider your age to assess repayment capacity and determine the loan tenure. Understanding the eligibility criteria based on age helps you plan your Home Loan journey effectively.

Let's explore how age impacts your eligibility and the maximum loan tenure for different categories of applicants.

Age Range

Maximum Loan Tenure (Approximate Range)

Below 30 years

30 years

30-40 years

30 years

Above 45 years

20-25 years

Above 50 years

Up to 15-20 years

Loan tenure plays an important role in determining your EMIs and affordability. Younger borrowers with more extended tenure options can enjoy lower EMIs, while older borrowers may opt for shorter tenures to repay the loan earlier.

Age-related eligibility criteria ensure the loan tenure aligns with your financial stage and retirement plans. It's essential to plan your loan tenure and repayment schedule accordingly to ensure smooth repayment.

By understanding the Home Loan eligibility criteria based on age, you can make informed decisions about your loan tenure and customise your Home Loan to fit your life stage.

What are the factors that determine Home Loan Eligibility?

Several factors influence eligibility for a Home Loan. Lenders consider these factors to assess your repayment capacity and determine the loan amount they can offer.

Understanding these key determinants can help you better prepare for your Home Loan application. Let's explore the factors that affect the eligibility:

  • Income and Employment Stability: Lenders assess your income to ensure you can comfortably repay the loan. A stable employment history and regular income flow increase your chances of loan approval.

  • Credit Score and Credit History: Your credit score reflects your creditworthiness. Lenders consider a good credit score (above 700) as a positive indicator of repayment behaviour, making you more eligible for a Home Loan.

  • Property Value and Loan-to-Value (LTV) Ratio: The property value you intend to purchase also affects your eligibility. Lenders consider the LTV ratio, which compares the loan amount to the property's value. A lower ratio increases your eligibility.

  • Age and Loan Tenure: Your age plays a role in determining the maximum loan tenure offered. Younger borrowers may have longer tenures, while older borrowers may have shorter tenures based on their retirement age.

  • Existing Financial Obligations: Lenders assess your existing loans and monthly obligations to gauge repayment capacity. Low existing debts can positively impact your eligibility.

By understanding these factors, you can focus on improving your financial position and addressing any issues that may impact your eligibility.

How to increase Home Loan Eligibility?

If you are looking to increase your eligibility for a Home Loan, there are several strategies you can employ to improve your chances of loan approval. Focusing on these methods can enhance your financial profile and boost your eligibility. Let's explore effective ways to increase your Home Loan eligibility:

  • Improve Your Credit Score: Good credit scores are crucial for loan approval. Pay your bills on time, manage your credit card balances wisely and avoid defaults to build a strong credit history.

  • Reduce Existing Debts: Lowering your debts can improve your Debt-to-Income (DTI) ratio, increasing your repayment capacity. Pay off or consolidate high-interest loans and Credit Card debts to demonstrate financial stability.

  • Increase Your Down Payment: A higher down payment reduces the loan amount and shows your financial commitment. Lenders often view applicants with a substantial down payment as less risky, potentially improving eligibility.

  • Enhance Your Income: Increasing your income through salary increments, additional sources of income, or freelancing can positively impact your eligibility. A higher income indicates a greater repayment capacity.

  • Include a Co-applicant: Adding a co-applicant, such as a spouse or family member with a stable income, can strengthen your loan application. Their income and creditworthiness can boost your eligibility.

Can I get Home Loan if my salary is Rs 20,000?

While a monthly salary of Rs 20,000 may limit your eligibility, getting a Home Loan is still possible. The loan amount will depend on your credit score, existing debts and the lender's policies.


What is the minimum salary to apply for a Home Loan? 

The minimum salary requirement may vary, but generally, a stable monthly income of around Rs 25,000 to Rs 30,000 is advisable to apply for a Home Loan.

What is the role of a co-applicant in Home Loan Eligibility? 

A co-applicant, often a family member, combines their income and creditworthiness with the primary applicant. It can boost eligibility and loan amount, aiding in securing the Home Loan.


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