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Home > Home Loan > HDFC Home Loan > Are you Eligible for a Home Loan from HDFC Bank? Check the Comprehensive Eligibility Checklist Now

Are you Eligible for a Home Loan from HDFC Bank? Check the Comprehensive Eligibility Checklist Now

April 17, 2025
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HDFC home loans, with interest rates starting at 8.75% and tenures up to 30 years, make homeownership accessible for a wide range of borrowers. Understanding the eligibility criteria is key to streamlining your application process. This blog explores the key requirements, factors affecting approval, and tips to boost your chances of securing a loan.


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HDFC Home Loan Eligibility Criteria

HDFC Home loan eligibility largely depends on your income and repayment capacity. Additional factors such as your profile, age at loan and property maturity, savings and investment history, and other financial credentials also play a significant role.

FeaturesCriteria
Age18-70 years
ProfessionSalaried / Self Employed
NationalityResident Indian
Minimum Salary for SalariedRs.10,000 per month
Minimum Salary for Self-EmployedRs.2 lakh per annum

Source: HDFC Home Loan


HDFC 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 8.75%, 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 home 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 Checklist Based on Value of Property

Value of the PropertyLTV 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

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Eligibility Criteria for all HDFC Home Loan Products

Home Loan ProductEligibility Criteria
HDFC Home LoanAge: 18 to 70 years
Nationality: Indian/ NRI/ PIO
HDFC Plot LoanAge: 18 to 70 years
Nationality: Indian/ NRI/ PIO
Tenure: 15 years
HDFC Rural Housing LoansAge: 18 to 70 years
Nationality: Indian/ NRI/ PIO
HDFC Loan Against PropertyAge: 18 to 70 years
Nationality: Indian/ NRI/ PIO
HDFC Home Loan Balance TransferAge: 18 to 70 years
Nationality: Indian/ NRI/ PIO
HDFC Home Renovation LoanAge: 18 to 70 years
Nationality: Indian/ NRI/ PIO
Tenure: 15 years
HDFC Home Extension LoanAge: 18 to 70 years
Nationality: Indian/ NRI/ PIO
Tenure: 20 years
HDFC Home Loan Top-UpAge: 18 to 70 years
Nationality: Indian/ NRI/ PIO
Tenure: 15 years

Factors Impacting Eligibility for HDFC Home Loans

The following criteria determine your eligibility for an SBI home loan:

  • The age of the applicant
  • The applicant’s credit rating
  • The applicant’s pay or source of income
  • Debt to income ratio
  • Property value
  • Repayment capacity
  • Property type and purpose

How to Improve HDFC Home Loan Eligibility

  • Boost Your Credit Score: Maintain a high credit score (750 and above) by paying bills on time and reducing outstanding debts.
  • Reduce Existing Debts: Lower your current liabilities to decrease your debt-to-income ratio, making you a more attractive borrower.
  • Ensure Stable Employment: Maintain a steady job or consistent business income for at least 2-3 years to demonstrate financial stability.
  • Increase Your Income Documentation: Provide comprehensive proof of income, including salary slips, income tax returns, and bank statements.
  • Avoid Late Payments: Make all loan and credit card payments promptly to build a strong credit history.
  • Keep Credit Utilization Low: Use only a small portion of your available credit to enhance your creditworthiness.
  • Save for a Higher Down Payment: A larger down payment reduces the loan amount needed, improving your repayment capacity.
  • Include a Co-Applicant: Adding a co-borrower with a strong financial profile can enhance your eligibility and loan terms.
  • Choose the Right Property Type: Invest in properties located in SBI-approved areas with high market demand to ensure favorable loan terms.

Conclusion

To sum up, the HDFC Bank home 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 home loan application process. Remember to use the HDFC home loan eligibility check tools available online for the most accurate and up-to-date information.


Frequently Asked Questions

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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