Calculate Housing Loan Eligibility




Age should be within 25 - 60 years



Please select Property location

Monthly Salary/Income


Minimum salary should be above Rs.35,000

Monthly EMI/Obligations/Expenses


Avail of a home loan up to

Rs. 25,00,000

You are not eligible for Home Loan basis policy

What is Home Loan Eligibility Criteria

Before availing for a home loan, make sure to check and fulfil the eligibility requirements to improve your chances of hassle-free loan processing and approval. Bajaj Housing Finance has simple and easy-to-meet eligibility requirements. Some of the top eligibility factors that determine your loan qualification are age, income, existing obligations, employment type, city of residence, etc.

Use our home loan eligibility calculator to assess the maximum loan amount you can apply for. Checking your loan eligibility with the financial tools made available by us will help you reach a suitable loan amount as per your income and repayment capacity.

Home Loan Eligibility Criteria

If you are looking to apply for a loan with Bajaj Housing Finance, you must meet the below eligibility parameters. You can also use our eligibility calculator to check your home loan eligibility and apply for a suitable loan amount accordingly.

Eligibility Parameters Requirements to Fulfil
Employment Type Both salaried and self-employed applicants can apply for a home loan
Age For salaried: From 23 to 62 years

For self-employed: From 25 to 70 years
Residential status and citizenship Applicants must be residing Indian citizens
Work experience/Business vintage For salaried: Minimum 3 years of work experience

For self-employed: A vintage of no less than 5 years in the current business



How to Use a Home Loan Eligibility Calculator?

Bajaj Housing Finance’s home loan eligibility calculator allows users to assess the maximum loan amount they can avail of based on various eligibility factors. Follow the below-mentioned step-by-step guide to check your eligibility for housing finance with our loan amount eligibility calculator.

Step 1

Enter your date of birth in date-month-year format.

Step 2

Select your city of residence from the dropdown menu. The city selected helps the housing loan eligibility calculator determine your loan amount suitability as per your income and the market price of the house to be purchased.

Step 3

Enter your monthly salary or income (including any additional sources of earning) in Rupees.

Step 4

Provide your existing financial obligations, like EMIs payable, fixed expenses, credit card bills, etc.

Once you enter the required values, the calculator instantly reflects your maximum home loan amount eligibility. The home loan amount eligibility calculator provides an accurate and quick estimate of the loan amount you can avail of conveniently as per your current eligibility.

How is Housing Loan Eligibility Calculated?

Eligibility for a home loan is calculated based on multiple factors that a lender uses to determine a borrower’s capability to repay and the risk involved in lending. The basic factors that determine your home loan eligibility include your income and repayment affordability.

Other essential factors include your age, financial and employment profile, place or city of residence, credit profile including the credit or CIBIL score and report, existing repayment liabilities, etc. These factors also contribute to interest rate determination, whereby low-risk profiles attract attractive interest rates and vice versa.

Provide all necessary documents required for a housing loan to confirm your eligibility when applying. Here is a break-up of the effects of different eligibility factors on the home loan amount and the interest levied.

  • Income and Employment Profile: A high monthly/annual income indicates an increased capacity to repay the home loan. A high income also indicates a reduced risk of default. Thus, borrowers with high income can negotiate more attractive rates.
    Similarly, the employment profile of a borrower also impacts his/her eligibility. A salaried employee working with a well-recognized company stands a better chance of securing a high-value loan at competitive rates. Self-employed individuals with established business profiles can also negotiate for the required loan amount with an improved home loan for self-employed eligibility.
  • Age: Borrowers stand a better chance of availing of a high-value home loan at competitive rates early on in their career. Individuals nearing their retirement age can avail of a high-value home loan too, although at higher rates of interest and reduced repayment tenor.
  • Credit Profile: A borrower’s credit profile depends on multiple factors, including their repayment history, credit habits like debt repayment, credit utilisation and debt-to-income ratio, credit mix, etc. The credit score and report numerically sum up these parameters, with a high score indicating a reliable credit report and a creditworthy profile.

What Home Loan Amount Can You Avail Based on Your Salary?

The home loan eligibility of applicants differs with their age and income. For salaried individuals, their net monthly income determines their maximum loan eligibility. Given below is the estimated housing loan eligibility for salaried individuals based in Bhopal as per their monthly income variations.

New Monthly Income (Rs.) Maximum Home Loan Eligibility (Rs.)
25,000 Rs.18,69,000
35,000 Rs.26,16,000
45,000 Rs.33,64,000
55,000 Rs.41,11,000
65,000 Rs.48,59,000
75,000 Rs.56,06,000

Factors That Affect Home Loan Eligibility

An individual’s housing loan eligibility is determined on the basis of various factors. The total loan-to-value is decided based on the following factors.

1. Applicant’s Age

The age of an applicant directly affects the total home loan eligibility amount. As long-term financial commitments, home loans are favourable for younger individuals due to extended working years and a higher earning capacity.

Younger applicants can also select a suitable tenor extending up to 20 years as per the loan amount required and their repayment capacity. Use a home loan calculator when applying for housing finance to estimate your fixed monthly outgo and apply suitably.

2. Type of Employment

Employment type is a critical determinant of the maximum loan amount an applicant can avail of. Bajaj Housing Finance Limited offers home loans up to Rs.3.5 crore to salaried employees and up to Rs.5 crore for self-employed individuals.

3. Income

The monthly income of an individual determines the affordability of EMIs they can service towards loan repayment every month without experiencing any financial stress. Check your home loan eligibility criteria based on salary or business income before proceeding to apply.

4. Credit Report and Score

The credit score represents an applicant’s past credit behaviours as well as reliability for timely repayment and impacts their loan approval chances. Maintain a healthy credit score of 750 and above to improve your chances of easy loan approval.

5. Existing Loan Commitments

Any existing loan commitment is deducted from the total monthly income to determine your repayment capacity during application evaluation. Repay your existing advances before applying for a home loan to increase repayment capacity.

6. Lender’s LTV

The Loan to Value ratio or LTV is a measure of the maximum loan amount a lender can sanction as a percentage of the mortgaged property’s current market value. Bajaj Housing Finance Limited provides a high LTV of up to 85% on home loans to make financing convenient for homebuyers.

The home loan interest rate levied is also based on these factors that indicate the risk involved with lending. High home loan amount eligibility indicates reduced risks with competitive rates and vice versa.

Tips to Enhance Home Loan Eligibility

Applicants must check their eligibility for a home loan before applying and take the necessary measures to improve their profile for easy loan approval. Use a housing loan eligibility calculator to determine the maximum loan amount you can avail of before proceeding to apply. The below tips can help improve your chances of quick loan approval.

1. Apply with a co-applicant

A home loan with a co-borrower represents the combined eligibility of both applicants. Make sure to choose a co-applicant with a high income, reliable credit score, and clean repayment history for improved eligibility.

We recommend applicants use our joint home loan eligibility calculator to assess the maximum loan amount available when applying with a co-borrower. Co-borrowing a home loan also comes with individual tax benefits for both borrowers.

2. Select an Extended Loan Tenor

Opt for an extended tenor for home loan repayment to improve your eligibility. A longer tenor divides the total repayment liability into a higher number of months and brings down the EMIs.

Individuals with limited income can improve their repayment affordability and overall loan eligibility by selecting a longer tenor and smaller EMIs. Use a home loan EMI calculator to select a suitable repayment tenor as per your income.

3. Repay Existing Debts

Repayment of existing loans enhances your chances of home loan approval. Paying off debts reduces the total liability, thereby increasing your capacity to repay. Making timely credit card payments and repaying any outstanding liability on vehicle or personal loans also improves home loan eligibility. Check your loan eligibility with an eligibility calculator to confirm increased repayment capacity.

4. Document All Sources of Income

When submitting financial documents, include all sources of income, such as salary (if salaried applicant), business profits (if self-employed), monthly rental earnings, and income from investments, among others, to improve your home loan eligibility amount.

5. Take Necessary Measures to Improve Credit Score

Taking necessary measures to improve your credit score also enhances your overall credit profile, and therefore, home loan eligibility. Making timely repayment of debts, limiting credit utilisation ratio to 30–40%, and keeping a FOIR of not more than 50% will help you improve your credit score.

6. Include Any Variable Annual Pay in Your Income Documents

When providing home loan documents, include any variable pay received annually, such as yearly bonuses, incentives, etc., to increase your overall loan eligibility. Add the amount when entering income value in a housing loan eligibility calculator to determine your actual eligibility for the home loan amount.

What Are the Eligibility Criteria for a Home Loan Balance Transfer?

Applicants must meet the following eligibility criteria to avail home loan balance transfer facility with Bajaj Housing Finance Limited. Make sure to fulfil all requirements and use our home loan balance transfer calculator to assess eligibility before applying. Complete the transfer of your outstanding home loan amount to Bajaj Housing Finance Limited at reduced rates and enjoy several other benefits as well.

  • Employment type : Both salaried and self-employed individuals can avail of the balance transfer facility.
  • Age : Salaried applicants must be between 23 and 62 years of age and self-employed applicants must be between 25 and 70 years.
  • Employment stability : Salaried individuals must be able to show at least 3 years of work experience and self-employed applicants must show a minimum business vintage of 5 years.

Fulfil all the criteria and submit minimum documents required for home loan balance transfer to apply with Bajaj Housing Finance Limited.