You've applied for a loan before but were rejected. Do you know why? Was it because of your inability to provide an eligible income? What is an Eligibility Calculator? The eligibility calculator functions on a mathematical formula to evaluate the eligible loan amount. It takes into consideration loan tenor, net monthly salary, existing obligations or EMIs, other monthly incomes, etc. With this tool, you can check eligibility and save yourself from the chance of getting a rejection for a loan application. Don't you want to know if you can buy that new car or not? Or how much you will be spending on the house? Use our eligibility calculator tool and know more about your future loans.
Loan Eligibility
The eligibility criteria for taking loans differ from one lender to another. Whether you are purchasing a flat or car or planning on building one, these financial institutions verify and confirm whether the applicant is eligible for a certain loan amount.
Let’s discuss the basic criteria for availing of a Loan:
When searching for a loan, it can get pretty confusing with all the different banks and lenders out there. Each bank has its own eligibility criteria, interest rates, and other terms which can be overwhelming if you don't know what you're looking for. We will help cut through the confusion by listing some of the top banks and their eligibility for Home Loans in India.
Banks |
Requirements |
HDFC Home Loan Eligibility |
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SBI Home Loan Eligibility |
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Axis Bank Home Loan Eligibility |
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LIC HFL Home Loan Eligibility |
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BoB Home Loan Eligibility |
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PNB Home Loan Eligibility |
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DHFL Home Loan Eligibility |
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Canara Bank Home Loan Eligibility |
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IDBI Bank Home Loan Eligibility |
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Indiabulls Home Loan Eligibility |
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How to Use ReferLoan Eligibility Calculator
By using the home loan eligibility calculator available on ReferLoan, you can easily find out which are banks offering you a home loan based on your salary and other parameters entered. Follow below mentioned simple steps to check your eligibility and find what home loan fits you the best:
At the end of the process, you will have the results of your eligibility and a list of lenders to that you can apply for your loan.
What are the factors that affect Home Loan eligibility?