I need to construct the home, how to get the home loan & what the eligibility criteria

Rohinikumar, Chennai

8th March 2016

Home Loan in Chennai

home loan

homeloan eligibility criteria

how to get home loan?

Follow Discussion

Also see discussions for

Chennai Home Loan Home Loan in Chennai

Replies (2)

Right Kajal.
For salaried individuals:-
Individuals in permanent service in the Government or reputed companies meet their Home Loan eligibility criteria. Applicants should be above 24 yrs of age at the time of loan commencement and up to the age of 60 yrs. or superannuation, whichever is earlier at the time of loan maturity.

Murali Krishnan, Chennai

9th March 2016

Comment

And if you are a professionals (i.e, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, management consultants only). Applicants above 24 yrs of age at the time of loan commencement and up to 65 yrs or less at the time of loan maturity meet their housing loan criteria.

Kajal, Delhi-NCR

9th March 2016

And for self employed individuals, applicants should be above 24 yrs of age at the time of loan commencement and up to 65 yrs or less at the time of loan maturity. But any individuals filing income tax returns can apply.

Murali Krishnan, Chennai

9th March 2016

Are you a salaried individuals, professionals or a self employed individuals? Home loan eligibility is determined by various factors such as income, employment status, tenure and so on. Every bank or lender has a set of criteria that you need to meet before you can avail the loan. You need to have a stable source of income and have attained 21 years of age to be able to apply for the loan.

Kajal, Delhi-NCR

9th March 2016

Comment