As mentioned earlier, the home loan eligibility is determined by various factors including income, employment status, loan tenure and so on.
Any Indian citizen in good standing who is salaried, self-employed or business person with regular source of income can apply for a home loan.
The applicant should be above the age of 21 years
Professional stability and savings history play a major role in approval of the loan
Bad credit history would prove to be a put-off, especially anytime within 3 months prior to applying for home loan.
For Business men and Self-employed individuals, the value of loan you are eligible for is majorly determined by the profits and turn over earned by you.