Dhan Laxmi Home Loan Eligibility Calculator

Dhan Laxmi offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. Dhan Laxmi home loan eligibility is defined as a set of parameters that determines the creditworthiness of the borrowers based on factors like age, salary, occupation, property type and credit score. You can get details about the eligibility for a Dhan Laxmi home loan using the Dhan Laxmi home loan eligibility calculator. It is an online tool that uses mathematical algorithms to check if you are eligible for a home loan or not. In addition, you can know about the amount that you are eligible for.

Dhan Laxmi Housing loan eligibility is primarily dependent on income and repayment capacity. Other factors that may impact the eligibility of home loans are age, financial position, credit history, credit score, other financial obligations etc.

Dhan Laxmi Home Loan Eligibility Based on Age

• Age: Your age plays an important role in determining your eligibility and repayment capacity for home loan. Lower your age, higher will be the time period available to repay the loan, and hence higher home loan amount eligibility. The minimum Dhan Laxmi Bank home loan age limit to get a Dhan Laxmi Bank home loan is 21 years at the time of loan commencement and maximum age limit is 60 years. Dhan Laxmi Bank offers home loans for a maximum period of 30 Years subject to the condition that the borrower’s age at the end of the tenure must not exceed 60 of tenure.

Dhan Laxmi Home Loan Eligibility Based on Salary

• Net income: Your net monthly income determines how much Dhan Laxmi Bank home loan EMI you are capable of paying after meeting all the living expenses based on your standard of living. For instance, if your salary is ₹ 25,000 then at an interest rate of 6.70% offered by Dhan Laxmi Bank, the loan amount that you will be eligible for would be ₹ 26,96,280 to ₹ 39,29,254 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 53,92,560 to ₹ 78,58,509 for the same property at the same rate depending on your age at the time of loan application. However, Dhan Laxmi Bank asks for a net monthly income of ₹ 0 to avail a home loan.

Age	Net Monthly Income (₹)
	25,000	50,000	75,000
25 years	39.29 Lakh	58.94 Lakh	78.59 Lakh
30 years	39.29 Lakh	58.94 Lakh	78.59 Lakh
35 years	39.29 Lakh	58.94 Lakh	78.59 Lakh
40 years	39.29 Lakh	58.94 Lakh	78.59 Lakh
45 years	34.32 Lakh	51.48 Lakh	68.64 Lakh
50 years	26.96 Lakh	40.44 Lakh	53.93 Lakh

You may consider repaying any loans with short tenure and high EMI to increase your Dhan Laxmi Bank home loan eligibility.

• Nature of employment: Dhan Laxmi Bank will check whether you are salaried or self-employed and the company and sector in which you are working. It also looks at your years of experience to check for job and income stability. Dhan Laxmi Bank requires minimum income history and job stability of more than 1 years for salaried individuals and of 3 years for self-employed individuals.

Home Loan Eligibility Dhan Laxmi Bank based on Value of Property

• Value of property: Dhan Laxmi Bank does not finance the entire property value. The maximum home loan eligibility would depend upon the value of the property as shown below:

Property Value	LTV
Less than 30 Lakh	90%
Between 30 Lakh and 75 Lakh	80%
Above 75 Lakh	75%

• Property documents: Your property’s legal documents should be satisfactory and be cleared by the Dhan Laxmi Bank's legal team.

The housing loan eligibility calculator of Dhan Laxmi Bank can be a useful tool to assess your eligibility for the loan.

Dhan Laxmi Housing Loan Eligibility Calculator based on FOIR

FOIR (Fixed Obligation to Income Ratio) is an important parameter used by Dhan Laxmi Bank to determine your home loan eligibility. Dhan Laxmi Bank considers all your fixed obligations like current EMIs into account while estimating your eligibility. The minimum FOIR required to be eligible for an Dhan Laxmi Bank home loan is 0.65. Calculate your eligibility with the Dhan Laxmi Bank home loan calculator and apply for the eligible loan amount hassle-free.

Dhan Laxmi Bank Home Loan Eligibility for Women

Dhan Laxmi Bank offers the same rates to women borrowers starting at 6.70% with similar eligibility criteria for home loan. In the case of a joint home loan, the woman borrower also needs to be the co-owner of the property and should have a good credit history to get the joint home loan application passed for concessional rates.

Dhan Laxmi considers credit score as a barometer to gauge your past credit behaviour, and hence, CIBIL score becomes the most important factor in defining your eligibility to get a home loan. A higher credit score increases your chances to get loan approval from Dhan Laxmi. However, a low CIBIL score reduces your chances to get a home loan. Dhan Laxmi requires a minimum credit score of 650 to be eligible for a home loan.

You can enhance the Dhan Laxmi home loan eligibility using the tips mentioned below:

• Add an earning family member as a co-applicant.
• Ensure a steady income flow, regular savings and investments.
• Provide details of your regular additional income sources.
• Track your variable salary components.
• Take actions to rectify errors (if any) in your credit score.
• Repaying ongoing loans and short term debts.

To check Dhan Laxmi Bank home loan eligibility perform the following steps:-

• Go to the Dhan Laxmi Bank website
• Now navigate to the option Dhan Laxmi Bank home loan
• To check eligibility criteria use a home loan eligibility calculator.
• Fill the required details like loan amount required, salary, age etc.

Also, you can contact the bank by calling on their customer care number .

✅What is the criteria to get Dhan Laxmi Bank home loan?

The basic criteria to get a home loan from Dhan Laxmi Bank are as following:

Age	21 - 60 years
Income	₹ 0
Income	3 years for salaried, 5 years for self-employed
Credit score	650 and above

✅How much home loan can I get on my salary from Dhan Laxmi Bank?

The amount for which you are eligible is calculated based on the FOIR and LTV. The higher your income, and the least is your fixed obligations (mostly ongoing EMIs), the higher will be your eligibility for a home loan.

✅What is the minimum salary to get home loan from Dhan Laxmi Bank?

The minimum salary required to avail home loan from Dhan Laxmi Bank is ₹ 0.for salaried borrowers. The income criteria for self employed professionals or businessmen may vary in Dhan Laxmi Bank.

✅Is Dhan Laxmi Bank good for home loan?

The lowest interest rate provided by Dhan Laxmi Bank is 7.85% which is a best rate in the market. There are no prepayment charges on floating rate based home loan. Hence, you can consider this as a good option for housing loan.

✅Does adding a co-applicant increase housing loan eligibility?

Yes, adding a co-applicant with an independent income source increases housing loan eligibility significantly. By doing so you will be able to get a higher loan amount and also both of you can save on taxes under Income Tax Act.