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Home Loan Eligibility Criteria

To secure a Home Loan, it is essential to meet certain eligibility criteria. Lenders in India consider several factors when determining your Home Loan eligibility.

Here’s a detailed overview of the Home 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

Credit score of 700 and above



You need to 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.

Home Loan Eligibility Based on Salary

When applying for a Home Loan, your salary is crucial in determining your eligibility. Lenders assess your net monthly income to gauge your repayment capacity and determine the loan amount based on several factors.

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.

Home Loan Eligibility Based on Age

Age is a pivotal 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 to 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

Between 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 ensures that the loan tenure aligns with your financial stage and retirement plans. It's essential to plan your loan tenure and repayment schedule accordingly for a smooth repayment experience.

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.

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 interest rates and loan terms when selecting a lender.

How to Use Home Loan Eligibility Calculator?

A Home Loan eligibility calculator is a valuable tool that helps you assess your eligibility for a Home Loan and loan amount. It is a quick and convenient way to evaluate your financial standing before applying for a Home Loan.

Here's a step-by-step guide on how to use a Home Loan eligibility calculator effectively:

1. Enter your details including income, expenses and employment type: Provide accurate information about your financial situation and employment status to ensure accurate results.

2. Specify the desired loan amount and tenure: Determine the loan amount you require and the duration you prefer to repay it.

3. Click on ‘Calculate’ to estimate your eligibility and loan amount: Use the calculator's functionality to generate an approximate loan amount.

4. Analyse the results, considering monthly instalments and interest rates: Carefully review the estimated monthly and associated interest rates to assess affordability and repayment capability.

5. Compare options and select the most suitable loan amount and tenure: Evaluate different loan scenarios, considering your financial goals and limitations to choose the loan amount and tenure that best aligns with your needs.

Factors Affecting Home Loan Eligibility

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

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

  • Income and Employment Stability: Lenders assess your income to ensure you can repay the loan comfortably. 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 value of the property 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. 

Methods to Increase Home Loan Eligibility

If you're 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 as well as increase 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 showcases 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.

Why should one calculate home loan eligibility through ICICI Bank website?

Our eligibility calculator gives the most accurate estimate of home loan that you can borrow from ICICI Bank. Our website also allows you to apply for instant sanction of your loan, even if you have not finalised the property.


Using this calculator involves a simple step-by-step process:

  1. Select Residential Status: Choose your residential status, whether you are a resident of India or a non-resident.
  2. Enter Property Location: Provide the location of the property for which you are seeking a home loan.
  3. Proceed and Fill in Basic Details: Enter your personal information, including your first name, middle name (if applicable), last name, date of birth, email address, and mobile number.
  4. Proceed and Enter Employment Type: Specify your employment type as either salaried, self-employed professional, or self-employed.
  5. Provide Financial Details: Fill in your monthly gross income, monthly net income, annual bonus (if any), and any existing EMIs you are paying monthly.
  6. Additional Incomes (Optional): If you have any additional sources of income, you can provide those details as well.
  7. Proceed to Work Details: Enter your company name and work experience.
  8. Check Eligibility: Click on the "Check Your Eligibility" button to calculate your eligibility and view plausible loan offers based on the information provided.

Home Loan Eligibility Calculator FAQ's'

Home Loan eligibility is the amount of Home Loan that a customer is eligible to get basis the details provided.

Home Loan eligibility of the salaried customer is calculated based on the current age, type of company employed in, age of retirement, etc.

Home Loan eligibility depends on various factors, such as monthly income, current age, profile of the customer, monthly obligations, credit history, retirement age, etc.

Home Loan eligibility can be enhanced by adding a co-borrower/opting for longer tenure loan/additional source of income.

Your loan amount depends on various factors such as your credit score, existing debts and the lender's policies. Generally, with a salary of Rs 50,000, you may be eligible for a Home Loan amount ranging from Rs 37 lakh to Rs 40 lakh.

Your eligibility for Rs 70 lakh Home Loan depends on your income, credit score and other factors. With a good credit score and a high income, you may be eligible for a Home Loan of this amount, but it's advisable to check with lenders for accurate assessments.

While a 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.

With a salary of Rs 55,000, you may be eligible for a home loan of approximately Rs 40 lakh to Rs 50 lakh, depending on your credit score, existing debts and other factors.

With a salary of Rs 1 lakh, your Home Loan eligibility may range from Rs 70 lakh to Rs 90 lakh, depending on factors like credit score, existing debts and the lender's policies.

While some lenders may offer 100% Home Loans, they are less common. With ICICI Bank, you may have to bear 10 to 20% of the property value. It's advisable to inquire with our representatives for policies regarding down payment.

Yes, ICICI Bank offers Home Loans with a Loan-to-Value (LTV) ratio of up to 90%, where the borrower contributes the remaining percentage as a down payment. Your eligibility depends on various factors including your creditworthiness and specific loan policies.

To avail an ICICI Bank Home Loan, the maximum age is 65 years for salaried employees and 70 years for self-employed individuals.