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Home » Everything You Need to Know About the HDFC Bank Home Loan & Its Eligibility

Everything You Need to Know About the HDFC Bank Home Loan & Its Eligibility

Home Loan

Owning your own home is nothing less than a dream for many people. Therefore, buying it is not an easy task to do. So, if you want to fulfil your dream anytime, you can contact HDFC Bank without hesitation. This bank gives the lowest interest rates for all tasks like buying new or old homes, new or old construction, and renovations or repairs of old homes.

HDFC Bank has made its home loan processing quick, easy, and straightforward. You just need to visit either the bank’s website or the bank’s application and apply for the home loan in just a few clicks. The best part about this bank is that it also allows you to transfer your home loans from any other bank to HDFC Bank at a good interest rate. The two key points of the HDFC Home Loan are less paperwork and low processing fees.

In this article, we’ll discuss every detail related to HDFC Home Loan and how you can get one. So, stay tuned with us till the end!

What is HDFC home loan eligibility?

HDFC Home loan eligibility is basically a criterion that HDFC Bank follows to assess the creditworthiness of its customers who are asking or applying for a home loan and whether they will be able to repay the loan amount to the bank. Your credit history, financial status, credit score, age, and other financial obligations (if any) determine your eligibility for a home loan.

How is the home loan HDFC eligibility calculated?

Home loan eligibility is mainly dependent upon two major factors: your income and your loan repayment capacity. The rest of the factors which are also considered are your age, credit history, credit score, and financial position.

How to use the HDFC Bank home loan eligibility calculator?

The HDFC home loan eligibility calculator checks the eligibility online with the help of the below details:

  • You need to mention your gross income or the monthly salary or income you get.

  • The loan tenure for which you would like to apply for a home loan A longer loan tenure helps in enhancing your loan eligibility.

  • The interest rate for the home loan

  • Details of the other EMIs, if you have any, like any other loans or your credit cards.

HDFC Home Loan eligibility criteria.

  • Individuals employed or self-employed must be between the ages of 21 and 65.

  • Minimum salary-Rs. 10,000 per month

  • Minimum annual income for business owners: Rs. 2 lakhs

  • Maximum loan term is 30 years.

  • Complete credit history and credit score details:

  • Details of any other financial obligations, if you have

The home loan tenure differs based on the age of the applicant, as shown below:

Applicant Age

Maximum Eligible Tenure

21 – 35 years

30 years

36 years

29 years

37 years

28 years

38 years

27 years

39 years

26 years

40 years

25 years

41 years

24 years

42 years

23 years

43 years

22 years

44 years

21 years

45 years

20 years

HDFC home loan eligibility on the basis of the value of the property

Property Value

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 your credit score


Credit Score


750 and above


600 – 750


Below 600

HDFC home loan eligibility for the co-applicant

In case you have a co-applicant while applying for the HDFC Bank home loan, below is the criteria for them:

  1. The age of the co-applicant should be between 21 and 65 years of age.

  2. The co-applicant should be an Indian resident.

  3. They should be either salaried or self-employed individuals.

  4. Co-applicants for home loans are not permitted to become co-owners of the property.

How can you enhance your HDFC home loan eligibility?

The eligibility of your HDFC home loan can be improved by:

  • Adding a co-applicant to the HDFC home loan

  • Make sure to avail of a structured loan repayment plan.

  • Ensure that you have a steady flow of income and that you have enough savings and investments.

  • Look out for some options for additional sources of income as well.

  • Keep a record of all your salary components.

  • Keep on checking that nothing goes wrong with your credit score.

  • Repay any outstanding loans or debts on time.

Factors affecting HDFC home loan eligibility

Below are some details about the customer applying for the loan that affects the calculation of their home loan eligibility:

  • The age of the loan applicant

  • Financial status of the applicant

  • The applicant should have a good repayment record.

  • as well as the applicant’s good credit score

  • Public profile of the applicant

  • Details of any other existing loan or credit card.


From the above information, it’s quite clear how the eligibility factor can affect the HDFC Home Loan. If you abide by all the eligibility terms and conditions, then your application will surely be approved in no time. So, follow all the information that is related to HDFC Home Loan eligibility if you want your loan to be approved without any hassle.


The home loan is calculated based on your monthly salary. The higher your income and the less your other financial obligations will lead to a high home loan amount. Below is a chart that shows a small glimpse of the loan amount based on your salary slabs:

The minimum salary of the home loan applicant should be at least Rs. 18,000.

Yes, it is indeed the best one for applying for home loans. because it offers the lowest interest rate in the market, which is 6.20%.

The addition of a co-applicant to the home loan is surely going to increase your home loan eligibility.

Yes, the applicant will get tax benefits on their home loan with HDFC Bank under the Income Tax Act, 1961.

HDFC Bank provides their customers with the following types of home loans:

  1. Home loans
  2. Plot purchase loans
  3. Home renovation loans]
  4. Loans for balance transfers
  5. Home Extension Loans

The HDFC home loan EMI starts from the subsequent month when the loan amount is disbursed into the applicant’s bank account.

Below are the benefits of this calculator:

  • This calculator helps the applicant to plan their finances in advance.
  • The home loan eligibility calculator is easy and simple to use.
  • It is easily accessible to the applicant from anywhere.

Yes, you can avail of two home loans at the same time. It’s just that the second loan depends upon your repayment schedule of the previous one.

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