HDFC bank home loan eligibility checklist

HDFC bank home loan eligibility checklist

Before delving into HDFC Bank’s home loan eligibility checklist, it’s critical to recognize that each bank may have distinct requirements. One of the top banks in India, HDFC Bank, uses specific criteria to assess your eligibility for a house loan. Here is a thorough yet easy-to-understand guide to assist you in comprehending the important elements:

HDFC House Loan Qualifications

HDFC offers home loans with interest rates as low as 8.60% p.a. to qualified borrowers. The home loan has a thirty-year payback term. But once the bank finds you unqualified, you won’t get a loan.

Your age, work status, credit score, and monthly or annual income are variables that affect your qualifying for a home loan. Based on the eligibility criteria, the bank will calculate the number of your loan and approve it.

HDFC Home Loan Eligibility Criteria

Who We’re Talking AboutAge RangeWho’s Employed?Minimum Monthly IncomeMinimum Yearly Income
Adults21-65 years oldSalaried Workers and Self-Employed PeopleAt least Rs. 10,000/monthAt least Rs. 2 lakh/year

HDFC Ltd. Home Loan Eligibility Based on Salary

The table below shows the maximum loan amount that you qualify for based on your income. This was computed with a 30-year repayment period, a set annual interest rate of 8.60%, and the assumption that there had been no previous EMIs. 

Check whether you qualify for a house loan based on your earnings by using the HDFC House Loan Eligibility Calculator.

Monthly IncomeLoan Amount
Rs. 25,000Rs.15,18,372
Rs. 30,000Rs.20,49,802
Rs. 35,000Rs.23,91,436
Rs. 45,000Rs.30,74,703
Rs. 50,000Rs.34,16,337
Rs. 55,000Rs.41,75,523
Rs. 60,000Rs.45,55,116
Rs. 65,000Rs.49,34,709
Rs. 70,000Rs.53,14,302
Rs. 75,000Rs.56,93,895

HDFC Home Loan Eligibility Based on Age

Early application for an HDFC home loan will guarantee a longer payback period. It will ensure that your financial priorities are met and assist in reducing the EMI.

Age of the ApplicantMaximum Salary Permittable
21 – 35 years30 years
36 years29 years
37 years28 years
38 years27 years
39 years26 years
40 years25 years
41 years24 years
42 years23 years
43 years22 years
44 years21 years

HDFC Home Loan Eligibility Based on Value of Property

Value of the Property

LTV Ratio

Up to Rs.30 lakh

90% of the property cost

From Rs.30 lakh to Rs.75 lakh

80% of the property cost

Above Rs.75 lakh

75% of the property cost

HDFC Home Loan Eligibility Based on Credit Score


Credit Score


750 and above




Below 600

A minimum credit score of 650 is required to apply for an HDFC home loan. The probability that the loan application will be accepted increases.

HDFC Home Loan for Women’s Eligibility

The HDFC home loan qualifying requirements for female applicants are the same as those for other applicants. On the other hand, female candidates are qualified for a loan interest rate reduction of 05 basis points.

HDFC Home Loan Eligibility for Co-Applicant 

The following are the qualifying requirements:

  • The ideal age range is between 21 and 65.
  • Indian resident required
  • Must be self-employed or on a salary
  • Co-applicants ought not to share ownership.

Factors Impacting Eligibility for HDFC Home Loans

Below is a list of some of the variables that determine your eligibility for an HDFC home loan:

  • The applicant’s age
  • The applicant’s financial situation
  • a solid track record of repaying
  • high credit score
  • Liabilities already in place to assess the additional weight of the loan
  • The applicant’s profile
  • details that relate to the underlying property, like the property’s size and age.
  • Consider whether the applicant is a loan guarantor currently in place.

HDFC Home Loan Eligibility

Recognized for its extensive selection of home loans, HDFC takes several criteria into account while determining eligibility. Besides the fundamentals, consider these important details that are often overlooked-

• Flexible Loan Tenure: Borrowers can select a repayment time that best fits their financial objectives thanks to HDFC’s flexible loan tenure options.

• Benefits for Joint Applicants: Think about applying alongside another person. Your eligibility may be improved by HDFC, taking into account your combined income.

• Interest Rate Structures: Examine the fixed and variable interest rate structures offered by HDFC to determine which best suits your financial plan.


To sum up, the HDFC Bank house loan eligibility checklist focuses on your age, income, employment security, credit score, current debts, property characteristics, ability to make a down payment, data about your co-applicant, length of loan, and supporting documentation.

It provides clarity, aids in financial planning, boosts your confidence, and ensures a smoother, more predictable experience. Your chances of a seamless home loan approval procedure increase by being aware of and taking action on these requirements.


How will HDFC determine the home loan amount I am eligible for?

The bank will decide the home loan by taking into account your income and repayment capacity. Other factors like age, qualification, number of dependents, your spouse’s income, assets and liabilities, and savings history are also taken into account to determine the eligible home loan amount.

If I avail of a home loan from HDFC, when do the EMIs start?

The payment of EMIs begins from the month after the month in which the disbursement of the loan is done. EMIs for loans for residences that are still under construction often start when borrowers have paid off the entire home loan.

Does employer type and work experience matter for home loan eligibility?

Yes. Having a job with a reputable employer and longer work experience increases your eligibility and chances of loan approval. Self-employed individuals may still get home loans with adequate income proof.

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